Thornberg was previously the guy behind the UCLA Anderson Forecast. He rode the bubble up and called the top just months before the actual top. For which his employers fired him. Much of what he says is common sensical, but to say what he did when he did (when real estate developers were starting to see a slowdown) - instead of continuing to mislead the public in the face of impending collapse - was more or less biting the hand (the real estate industry) that fed him. For which he deserves credit.
“For which his employers fired him. “
They fired him for being right?