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<p>[QUOTE="fatima, post: 1353877, member: 22143"]Excellent example above. You really don't need any type of degree to figure out that aggregate housing prices rising 87% in 7 years where during the same period, real income was actually falling wasn't sustainable. Yet "economists" with fancy Ivy League degrees either were outright lying, or were totally clueless. They were building a house of cards reaching to the stratosphere and it became obvious to me, that a singular event would bring it all down. That event turned out to be oil prices and when they crossed $100/barrel, and started heading to $150, I knew bad times were coming. I pulled almost everything out of the stock market at the beginning of 2008 and that turned out to be a great decision. I made this decision with just a novice level of education and despite the fact that at that time, I still "trusted" the system. </p><p><br /></p><p>This is just one part of it. Spend a little time with it, and the pieces start to fall together.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1353877, member: 22143"]Excellent example above. You really don't need any type of degree to figure out that aggregate housing prices rising 87% in 7 years where during the same period, real income was actually falling wasn't sustainable. Yet "economists" with fancy Ivy League degrees either were outright lying, or were totally clueless. They were building a house of cards reaching to the stratosphere and it became obvious to me, that a singular event would bring it all down. That event turned out to be oil prices and when they crossed $100/barrel, and started heading to $150, I knew bad times were coming. I pulled almost everything out of the stock market at the beginning of 2008 and that turned out to be a great decision. I made this decision with just a novice level of education and despite the fact that at that time, I still "trusted" the system. This is just one part of it. Spend a little time with it, and the pieces start to fall together.[/QUOTE]
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