Mish's Global Economic Trend Analysis Message Board

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

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To: mishedlo who wrote (96240)	4/7/2009 11:59:47 PM
From: koan	Read Replies (1) of 116555

>> Neither Krugman Nor Bernanke Can Distinguish Excessive Printing From Excessive Savings globaleconomicanalysis.blogspot.com Earlier today Calculated Risk posted a video and links to Krugman's Talk In Spain on March 17. Here is the video. A partial transcript by me follows. ... Mish << Different economic theories. Krugman is an announced Keynsian. To the degee I can understand it I guess I am too. I see government spending as society borrowing short term to help the people get back on their feet. then they can start saving. Right now they are sut trying to eat and find sheltor. But the article that has had the most impact on me was the one which showed that those coutnries during the 30's who devalued their currencies first, came out of the depression first. FDR immediately raised the price of gold from $22 to $35 devbaluing the dollar by 42/46%? So I am looking for an engineered fall in the dollar. The annoucement of 1.2 tillion being printed to buy treasuries knocked the dollar down 2 cents and it has remained down. Gold shot up $60. They may be planning to push the dollar down in tranches. Cuts everyone debt in real terms, but may be too fancy for some.

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