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Actually, I think Krugman was years ahead of all those people.  He was warning about a housing bubble back in the early-2000s.

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (pedobear@pennstatefootball.com) on Sun Jul 12th, 2009 at 12:20:45 PM EST
So was Godley, I just looked him up on Guardian website and he has some prescient essays from that time.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Sun Jul 12th, 2009 at 05:20:18 PM EST
[ Parent ]
Truth be told, the blogs were ahead of the vast majority of the sharp people on this.  When Greenspan slashed rates to 1%, a lot of economists, (most ex-)realtors, financiers, etc, jumped online and started blogs about the housing bubble and epic crash.  The tubez are littered with them, some shut down and some still going.

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (pedobear@pennstatefootball.com) on Sun Jul 12th, 2009 at 07:26:03 PM EST
[ Parent ]

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