Detailed text transcripts for TV channel - MSNBC - 20131227:12:28:00
>> it's a question of what's causing these various crises. the basic problem that we have is we can't, in fact, forecast beyond the immediate horizon. everyone wants us to. everyone wants to forecast but no one in the real world can do that. so what i found myself doing looking back, is there anything that told me things were about to crack, and i would say no. there is no bubble out there which you can tell when it was going burst. kou te you could tell we have a bubble. most bubbles are benign. >> let's talk about the housing bubble that's being blown up in front of our eyes from 2004 to 200...
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