Wretchard wrote:

“[...T]here are always clues and advance warnings if you can only interpret them correctly.”

Sometimes the clues are connected and a warning is sounded, only to be told to sit down and shut up.

When the Federal Reserve’s chairman, Allen Greenspan, warned the Clinton administration that the dot-com market was heating up too quickly (his words were “irrational exuberance”) he was called to the floor by Chuck Schumer for “talking down the economy.”

The rest is history.