Oh, if only experts saw what was coming years ago -- if only someone had told us what might happen.
That's a frequent lament about the U.S. housing market (and now the entire world economy). But some economists did warn that a bubble was forming long before it popped. (I did a Q&A with one last year.)
Not among the economists who were right sooner than the crowd: Alan Greenspan, who -- Bartlett says -- "was still saying that the housing market was nothing to be concerned about" in October 2004 when he was Fed chairman.