Leftfield

Did Economists Miss the Housing Problem?

Sure, everyone knew there was a bubble, even the mainstream press. How about all the commentary that mostly said, housing isn't that large in the economy and subprime is miniscule? That went on until this year. And, where are whistleblowers, remember them? We have the largest financial debacle in history, plenty of awful deeds were done, public never informed by ignorant/complicit press. Anyone with a good job nowadays follows the party line because there are ever fewer of them and there is plenty of ignorance and short term thinking everywhere.