The guy who predicted the financial crisis was laughed at on cable news

Blog ››› ››› ERIC BOEHLERT

In case you had any doubts about the economic cheerleading that went on for years on places like CNBC and Fox News and then Fox Business, take a look at the how Peter Shift was practically laughed on sets in 2006 and 2007 when he started talking about the deep, looming recession when consumers were going to stop spending, or when he warned about the coming housing collapse.

Posted In
Economy
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