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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Crimson Ghost who wrote (88856)	10/21/2008 3:31:40 PM
From: mishedlo	5 Recommendations Read Replies (1) of 116555

Something For Nothing vs. Paradox of Deleveraging globaleconomicanalysis.blogspot.com Earlier today, in Keynesian Claptrap From PIMCO I spoke of the ridiculousness of the paradox of thrift. Here two more articles worth your time reading that rebut the seemingly never ending Keynesian Claptrap coming from the likes of Bernanke, Paulson, PIMCO, Roubini, and Krugman. I make the above statement with one reservation. Nouriel Roubini has called this economic disaster as good as anyone. I commend him for many brilliant calls. However I simply cannot sit back and say nothing about the barrage of bad economic thinking in regards to the solution to this crisis coming from everyone in the group above. With that out of the way, let's continue with a review of an article by Austrian economist Frank Shostak about the paradox of deleveraging. ... Mish

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