[hajile]

Everyone was trying to pretend the bottom of the market back in 2007 right up until they couldn't keep up the farce and everything collapsed.

I believe that's what we have today. The economic indicators are all worse than they were in 2008. Our economy is Wile E Coyote running at full speed in midair until he realizes the truth then falls.

[JohnnyMarcone]

The fed was taking action by increasing rates up until the housing market collapsed, so at least some were taking the issues seriously.

I don't have the full context of what the thinking was back then since I was in highschool.