Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MeDroogies who wrote (2805)	4/5/2001 10:50:59 AM
From: tradermike_1999	Read Replies (1) of 74559

LINUX was particularly funny because it had NO SHOT at ever getting the returns MSFT did due to its open structure. It couldn't create a monopoly in the form of MSFT. Yet people wanted to believe it could. Still, Kudlow isn't wrong. Speculation is necessary for the liquidity of markets and fluidity of transfers. Therefore, there is technically no such thing as a speculative bubble. It is possible to point to one and describe it after the fact, but there are few technical means of determining one while you are in it, and there are even fewer to explain it after the fact. Kudlow is nothing but a political hack. He is not a real economist. Everything he states or claims comes in support of his political ideology. What is that? He is basically a free market capitalist and social darwinist out of the Ayn Rand mold. He believes that the best society is one in which the market dominates and the government has as little role as possible. He claims that the market is efficienct and any problems are a result of the government. Since the market is efficient it makes no mistakes and therefore it can never be overvalued. The stock market crash was a result of the government's interfernce(Greenspan). If Greenspan hadn't interfered with the market it would still be going up. This is all nonsense. You might agree with his political ideology - that is fine - but almost everything he utters about the economy or the stock market is garbage. This is the guy that claimed that the internet stocks were immune to interest rate hikes and that the "new economy" had suspended the business cycle. Anyone who claims things like this is not an economist. He is no different than the Marxists in the Soviet Union who would put out propoganda tracks.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next