The Washington Post had an article today about continuing credit problems due to the housing crash. The article is filled with comments from the “who could have known?” school of economics who were surprised that the housing bubble burst. While it is interesting to readers to hear economists explain why they had no idea what was going on in the economy, it would also be useful to include analysis from economists who understand the housing and credit markets and were not surprised by recent developments.

–Dean Baker

Dean Baker is senior economist at the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, including Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer. Read more about Dean.