Vox is a sharp-edged guy who probably makes more enemies than most.
But he's not bereft of reason.
[T]here can be little doubt that the implosion of the equity markets will soon be followed by the pricking of the credit and real estate bubbles. As great financial houses such as Citigroup and JP Morgan Chase teeter on the edge of bankruptcy, it is well within the realm of possibility that the triple whammy of the equity, credit and real estate implosions will lead to the collapse of the entire global financial system
That was 2002, folks. Here's his take on that prediction:
Okay, the global financial system hasn't collapsed yet, but two for three isn't bad so far. And it's not as if the triple whammy has finished crashing yet; Obama is still on deck
Not bad at all.
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