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Why didn't we see through dot coms, SUVs and subprime lending?

by Loren Booda
Tags: coms, lending, subprime, suvs
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Loren Booda
Jul5-08, 11:16 PM
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What is next to watch out for in the world of dubious investments? It's usually a deal, "easy money," or consumerism too good to be true that the public flocks to. How can one gain insight to avoid getting caught up in these speculations?
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Jul5-08, 11:23 PM
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It's easy: tell your reptile brain to shut up.

Oh, and if you can figure out how to do that, let me know .

Seriously though, I can't muster sympathy for otherwise intelligent people who get caught up in get rich quick schemes. I work hard and play by the rules - it's a slow journey to success.
Jul5-08, 11:33 PM
rootX's Avatar
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I think it's oil!

Jul5-08, 11:34 PM
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Why didn't we see through dot coms, SUVs and subprime lending?

"after us the deluge"
Ivan Seeking
Jul6-08, 12:24 AM
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Why didn't we see through dot coms, SUVs and subprime lending?
Of those who are paying attention to the world around them, who didn't?

As for oil: It is my peception that speculation is to a large extent driving the current oil prices, but the difference between this bubble and others is that the speculation is based in reality. There is a limited supply of oil with an even increasing demand. Most of the cheap oil is gone. The bubble will burst, but it will be back.

Based on some of my most reliable sources of information [news sources that I have leared to trust first in a pinch], crude should probably be around $90 right now. Many experts would probably disagree.
Jul6-08, 09:41 AM
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I agree with lisab, that I can't feel sorry for people who let greed overcome reason. Anyone paying attention knew those people were getting in over their heads (and you know there's really a problem when the people driving around $60,000 SUVs only live in houses worth $120,000 while working a job that pays $30,000 a doesn't take a genius to figure out the numbers don't add up and they have bitten off more than they can chew in debt).
Jul6-08, 11:22 AM
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Why didn't we see through dot coms, SUVs and subprime lending?

"Honey, I gained 15 pounds this last year---why didn't you tell me to stop eating so much?"

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