This is a Business Week cover from Feb. 2006 about the economy. The subtitle is “Why it’s so much stronger than you think” .
At any rate… you didn’t have to be a genius then to see that the housing bubble was a completely, and I mean completely, unsustainable situation. People were feeling very very rich. Cheap advice. This just goes with the old saying… you get what you pay for.
What it should have said is: “How it is so much more fragile than you think” and then gone into the depths about how leveraged the entire situation was.