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Comments on: I’m Shocked https://whynow.dumka.us/2008/09/24/im-shocked/ On-line Opinion Magazine...OK, it's a blog Thu, 25 Sep 2008 15:36:42 +0000 hourly 1 https://wordpress.org/?v=6.4.3 By: Bryan https://whynow.dumka.us/2008/09/24/im-shocked/comment-page-1/#comment-39805 Thu, 25 Sep 2008 15:36:42 +0000 http://whynow.dumka.us/?p=5798#comment-39805 Roubini and Krugman keep getting it right and the Villagers keep avoiding their analysis.

It’s the housing market and mortgages that are the problem. That’s where the solution has to be found. Until houses are priced realistically and mortgages reflect reality there is no solution possible.

Pouring money into the system puts the crash off, but doesn’t fix anything, so the crash still occurs.

]]> By: Jack K., the Grumpy Forester https://whynow.dumka.us/2008/09/24/im-shocked/comment-page-1/#comment-39804 Thu, 25 Sep 2008 14:32:03 +0000 http://whynow.dumka.us/?p=5798#comment-39804 …Krugman’s sneaking suspicion is a bit disturbing, because I’m having a hard time recalling when he’s been wrong about any aspect of this looming ‘meltdown’ dating back a year or more. One of the sidebar stories at the link seems to spell out pretty clearly why he’s suspicious (in essence, Paulson’s plan looks like throwing money at his cronies because – unlike in the S&L bailout – the government isn’t seeking an equity stake in the companies themselves to recoup costs if everything ever does settle down)…

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