Bernanke And Greenspan Missed The Housing Bubble But This Cartoonist Saw It all Coming

Look at the date on this prescient cartoon: September 25th, 2002

So the greatest economic minds in the world didn't see the housing bubble as late as 2006 and this unknown cartoonist saw it clearly in 2002.  Things that make you go hmm.

Comments

[Jess]

The guy speaking on the left is former Australia Prime Minister John Howard, and that's Sydney Harbor Bridge and Opera House in the background. Did the housing bubble burst in Australia a few years before the U.S.?

[DailyBail]

Jess.

Nice catch. Here's an article form a few months ago that implies that Australia's bubble lasted until 2007-8.

http://tunswblog.blogspot.com/2009/04/australian-housing-bubble-view-from.html

[Shalom P. Hamou]

In fact I saw the Liquidity Trap coming in 1994 and Alan Greenspan saw it coming in 1996 as I show in my Tract: <a href="http://blog.yield-curve.net/">Plea for a New World Economic Order.</a>

<a href="http://blog.yield-curve.net/2009/07/conundrum.html">Chapter III: Greenspan Conundrum and Bernanke Global Saving Glut.</a>

<a href="http://www.yield-curve.net/tract/conundrum/income-disparities">Chapter III, Paragraph 1:
Greenspan Conundrum and Income/Wealth Disparities.</a>


The White Proposition is simply unsound even from a theoretical point of view:

<a href="http://blog.yield-curve.net/2009/07/bubbles-bursts.html">Chapter III.
Greenspan Conundrum and Bernanke Global Saving Glut. Paragraph 3: Bubbles & Bursts.</a>

[James H]

Shalom,

I couldn't get your links to work. Also, when you say "the Liquidity Trap," are you referring to what happened in 2007-2008, or something earlier?

[Something Polish]

Dunno where else to pass this along, but here you go:

http://www.theawl.com/2009/07/toxic-assets-explained-in-way-even-fattest-americans-can-understand

Mmm...gravy...

The usual apologies if you already got this and/or there was avenue.