I bet ten years from now half of the problems of 2006 or 2016 will still be there. Nothing changes just names and faces are different
I have unfortunately no doubt that you are correct.
I would be the first to admit that I had no idea how bad it was going to get. I was also slow on seeing the recovery (as Landlord was being regularly lambasted etc).
We didn't realise when the blood was in the streets - there was too much noise and no prospect of QE in Trichet's time. But I think most people who sought refuge here did ok (hopefully).
There is much less economic analysis here now than there was. That is fine. TUG pointed out so many of the themes had been hashed to death here. But the site in the very dark days was the most spot on - as un-green a jersey as it was.
And the memory of that is important. It doesn't matter whether some student decides to pull a phd or two out of analysing the place. What matters is a memory of what happened and who said what. Lots of people would like if this site disappeared and their past musings (or pumping) were quietly put too sleep.
Fuck that. Hero Alan Aherne and his condoms caused house prices to go up theory? Not going to forget about that one. Brian Lucey and his "sell the Anglo deposits" theory? These people are fucking morons and it is important to retain the evidence of that given their and everyone else who deigned to comment on the downturn in an inane fashion and their continuing position in society.
And fuck everyone who thinks everyone here was a permabear.
So yeah, greets and congrats to OW and all of those who made this site what it was.