Dan Minette wrote: > > In hindsight, the housing bubble is obvious. > It was obvious to _me_, back in the 1990s, when I read that the average american had debts that were of the magnitude of 3x their actual possessions. I think I saw that in this list (I certainly said that in the brazilian lists).
Here in Brazil, where interest rates used to be 15% _a month_ + inflation correction (the banks now are not so much greedy; they offer money at 5% a month, and don't even bother to correct inflation), nobody believed in my doomsdays scenarios. > Heck, at the time, I knew > there was a housing bubble, and if you look at Brin-l archives, you > will see that I wrote it. > Ah, the files. How hard to find anything there :-( Alberto Monteiro PS: and I am glad that my _other_ prophetic doomsday scenario is still in the Future. PPS: OTOH, my local doomsday scenario was an epic fail _______________________________________________ http://box535.bluehost.com/mailman/listinfo/brin-l_mccmedia.com
