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From: M
Sent: Sat, November 6, 2010 3:15:33 PM
Subject: Re: Jim Rogers makes my head hurt - NYTimes.com
Just so I'm clear on this (as a bad, novice economist).
Private Capital flows are moving into Asia and Public Capital flows are moving out of Asia via currency intervention.
i.e. smart money is moving into the correct areas and dumb money is flowing back out to cap currency appreciation.... no?
On Sat, Nov 6, 2010 at 3:11 PM, M wrote:
Who has been the better investor over the past 30 years?
Case closed.... <g>
On Sat, Nov 6, 2010 at 2:05 PM, J wrote:
wonderful, winning economic nobel for ruining the world with voodoo economics, and winning the peace nobel for waging war
hilarious
getgold
for one fine day black is black and white is white, as opposed to all mixed up
From: W
Sent: Sat, November 6, 2010 12:48:32 PM
Subject: Jim Rogers makes my head hurt - NYTimes.com
krugman.blogs.nytimes.com
Krugman now taking on our hero Jim Rogers. Blasts JR for saying capital is heading to Asia as shown by the region's rising creditor status. I know where this jerk is headed with this (if Asia gets ROW capital flows it must be a net debtor as a result), but the reality when the circle is completed is that JR is right and PK wrong. The flows to Asia are predominantly on the current account,and due to sterilization in the management of domestic currencies get recycled to ROW debt on the capital account. But it's the same capital going thru the global washing machine, and at the end of the day Asia winds up increasing (begrudgingly) it's net creditor status.
When did the Nobel become the booby prize for Economics? At least JR gives him a headache, personally I'd like to send him to Abu Gharib. |
