Last month, Rex Nutting had a surefire contrary indicator: He noted that the Bush administration DOES NOT expect the GSEs to fail, and that no rescue plan is imminent.
He wrote at the time that this made the government takeover a Phoney and Fraudy pretty much a sure thing.
"Is there any surer sign of an impending disaster than a reassurance from the White House that it doesn’t expect it to happen?"
That seems to be more or less an eventuality at this point. But it raises an interesting question:
Recession? Housing Slowdown? Credit Crunch? Been there, done that.
What other impending disasters are out there? What aren’t people expecting? What possible surprises are there — upside as well as down — that could shake things up even more?
What say ye?