Don't Panic About the Credit Market

[Straw Man]

So said David Malpass in an article in the Wall Street Journal in August of 2007

At the time Malpass was the Chief Economist at Bear Stearns which collapsed a month later

Malpass is one of those "best people" that Trump just nominated to head the World Bank

I guess we should be glad that he didn't give the job to Ivanka.....or Barron

[Humble Narcissist]

Who besides Taleb saw a crash coming at that time?

[Straw Man]

Who besides Taleb saw a crash coming at that time?

lots of people (go watch The Big Short)

https://www.intheblack.com/articles/2015/07/07/6-economists-who-predicted-the-global-financial-crisis-and-why-we-should-listen-to-them-from-now-on

Malpass didn't see it coming a month before it destroyed his own company (where he'd been the Chief Economist for the prior 15 years)

[Humble Narcissist]

lots of people (go watch The Big Short)

https://www.intheblack.com/articles/2015/07/07/6-economists-who-predicted-the-global-financial-crisis-and-why-we-should-listen-to-them-from-now-on

Malpass didn't see it coming a month before it destroyed his own company (where he'd been the Chief Economist for the prior 15 years)

A lot of people in hindsight but not many (besides the usual doom and gloomers) before.

[Straw Man]

A lot of people in hindsight but not many (besides the usual doom and gloomers) before.

the six people listed in the link are all before 2008

also Malpass's company was at the center of creating the toxic debt that not only destroyed his company but also precipitated the collapse of the credit markets