Economists are a funny bunch. Thanks to his Nobel and his NYT perch, krugman believes he can issue profound political pronunciamientos.
Risible.
Even roubini is clamoring for massive stimulus in order to avoid a Greater Depression.
He and Stetser were some of the economists I read back in the day, and as a result did not get clobbered in 2008. Even warned a bunch of ingrates who now detest me.
Message 21528255
siliconinvestor.com
Warning you now, good luck shorting gold.....very dangerous undertaking. I sincerely hope you are doing it in small quantities (if you are doing so at all or simply saying so for fun).
We are going through a cycle which has been repeated many times, making the same errors. It is as plain as the nose on one's face. We are in a situation very similar to the one we faced in 2008, except there won't be a 2009 bounce this time, simply a 5 to 10 year period of grinding, liquidating, deleveraging, poverty, dashed expectations, etc., etc., ad nauseum.
The housing bubble burst in 2008 and now the credit and cash bubble is bursting, except this time around sovereigns are involved.
Nasty, nasty stuff and you short gold. You are hopeless, mq, so I hope it is only a small amount
And what is all the blather about AGW I keep reading about incessantly? It drives me to distraction, none, nil of the posters have a clue on a subject so complex. Every single poster on the left is convinced it exists and every single poster on the rights denies it.
I love it, the global economy is crumbling, and every single poster knows, just knows, he is correct. Not a single one of you recognizes that your viewpoints are utterly tainted by politics and complete ignorance of a subject so complex I am sure the surface has not been scratched by even the honest scientists. No one is sufficiently humble to admit ignorance. |
