The Oil Drum: So they all knew it was a bubble, now?

As the markets keep on going through turbulence, and many conflicting opinions are heard as to whether this is just a harbinger of things to come (my position) or just a “welcome correction” (still that of most “serious” pundits and the conventional wisdom), what’s most striking to me – and very revealing on its own – is how suddenly everybody is talking about the real estate bubble as it if were the most obvious thing.
Much more after the jump to The Oil Drum.