In an August 12, 2007 column in "The New York Times", titled "Chicken Little's Brethren, on the Trading Floor", Stein, while acknowledging "I don't know where the bottom is on subprime. I don't know how bad the problems are at Bear (Bear Stearns)" claimed that "subprime losses are wildly out of all proportion to the likely damage to the economy from the subprime problems," and "(t)his economy is extremely strong. Profits are superb. The world economy is exploding with growth. To be sure, terrible problems lurk in the future: a slow-motion dollar crisis, huge Medicare deficits and energy shortages. But for now, the sell-off seems extreme, not to say nutty. Some smart, brave people will make a fortune buying in these days, and then we'll all wonder what the scare was about."