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Idle curiosity... Did anybody predict this total credit crash? [View All]

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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-08 05:57 PM
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Idle curiosity... Did anybody predict this total credit crash?
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I realize that many people were predicting the end of easy credit. Credit was expected to become harder to get, probably higher interest rates, etc. But I cannot recall anybody saying anything like "Expect that the credit market will fucking seize up and even people/companies with good credit will be unable to get it."

It just wasn't on my list of Scenarios To Worry About. I tend to this list lovingly, and I feel like I failed.


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