Mark Zandi on the Subprime Financial Shock

[MondoMiami]

He's an idiot but he's handsome. I wouldn't mind looking over his balance sheet.

[rr7firefly1]

Actually, Zandi said "seemingly came from nowhere." Still, friends of mine and I had very bad feelings about the way things were going at least a year before they actually went down the tubes. None of us studied economics. We just could not see how the markets could possibly sustain their absurd momentum.

[mliu03]

come from nowhere? Gee how much this idiot get paid to miss the shock that "came from nowhere".