Kdyz jsem kupoval muj prvni sklad pro XYZ bikes tak jsem netusil, ze se blizi nejaka krize. Ty signaly tam presto byly. Treba muj realitni business v Las Vegas me sel do haje. Mel jsem tehdy malou firmu a tady vidite graf jak nam klesly provize z prodeju. Rok 2005 byl pro nas vrchol. A pak to slo dolu.
Ale media psali, ze jde vzdy jen o docasne oslabeni a celkove tu situaci prezentovali, ze zadne vyraznejsi problemy nas necekaji. Vubec to jak media reportovali je zajimave a jak dlouho trvalo, nez vzali celou situaci vazne.
Furthermore, in 2005 when construction declined substantially, most media reports continued to deny the existence of a housing bubble. The media continued to promote and prop-up the housing market despite rising evidence that its continued expansion was unsustainable. As a result, when the housing market eventually crashed and the start of the financial crisis of 2008 began to unfold, investors were taken by surprise and many lost signficant investments. Thus, had the media accurately reported the condition of the housing market, the public would have had a more informed understanding of the issue.
Therefore, when the media actually began providing coverage of the issue, it was too late for the general public. Many people had already lost significant investments before they were even aware of the turmoil in the financial industry.
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