I am constantly amazed at the stupidity, cupidity and surprise by people who should know better. Like stock brokers and mortgage brokers. They are still expressing surprise about the housing bust. It was a sure thing. Sure. I mean, you loan money to people who can't pay it back and tell everyone that prices will go up forever and bang! Sure it was a sure thing.
The other thing I could have told them was about gambling. Today's Wall Street Journal had a story about the economy is Las Vegas tanking because people are gambling less and buying fewer expensive clothes and tchotchkes (spelling?) with the economy in the toilet. The aces who predict our economic future thought Las Vegas was recession-proof. Come again? Why would anyone think that? Yes, that and gas will remain at 1.98 a gallon forever.
Lots of people have been smoking some pretty good shit, as they say.
Oh yeah, and I have a bridge for sale.