Most of theses financial types also claimed there was nothing wrong with the sub prime mortgage market as junk assets were assigned AAA ratings right up until it all came crashing down 8-9 years ago. The people who saw it coming were few and far between and they were often labelled as crackpots. They had their day though...especially the few hedge funds who managed to acquire the equivalent of short positions right before it happened. Even government regulators helped contribute to it and didn't see it coming til it hit em right between the eyes.

I don't put much stock into what the talking heads on CNBC and other financial media say.