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by notmindthegap 1191 days ago
Did you foresee this?
2 comments

Those who did foresee it made highly profitable trades: https://twitter.com/notmrmanziel/status/1633940364460474372
surely it's not on HN throwaway to do all the foreseeing here? there are people whose fulltime job is to monitor the banks.
Those people normally claim they don't know how the economy works.

"Greenspan - I was wrong about the economy. Sort of" - https://www.theguardian.com/business/2008/oct/24/economics-c...

Error is the easiest and most common government excuse for inexcusable malice. Which means that people shouldn't allow for that excuse in the context of grand scale failures like 2008, 2003, etc.