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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: zonder who wrote (21232)	1/13/2005 12:54:44 PM
From: GraceZ	Read Replies (1) \| Respond to of 116555

I see you do not wish to tell us about your "claim" to be "well educated in the markets". You were asked twice, clearly and directly, but you are avoiding it. No, I'm not avoiding it. It is irrelevant to the debate. You can't see this because you apparently think it is enough for you to have gone through the motions and paid your dues and received the entitlements associated with your "education" instead of having any actual insight to impart. This is equivalent to the complaint I'd get from various employees through the years when I'd tell them something was wrong and they'd answer, "But I spent so much time on it." Time spent and work done is not equivalent to achieving results. Never even worked in financial markets? That's OK, Grace. I don't judge you for it. You may have prepared Powerpoint presentations all your life, but you still have the right to an opinion. You don't judge me for it?! Reading the above statement one would have to conclude you are a liar. Plus you are making a fool of yourself. You most likely still had a Nanny when I took my first trip abroad for business. It was 1979, I remember the company well since they are still a client. In fact if you do actually invest in developing country companies you've most likely owned a number of the companies that they've partnered with as subsidiaries in the 100 or so countries on six continents where they have foreign subsidiaries. Some of my clients still own the stock. Just remember this conversation the next time you feel like getting all arrogant and condescending about someone else's understanding of how these markets work in general. I claim that not only do you not have any the entitlements you claim, but the time spent trying to get them was completely wasted. You only have the narrow socialist view that's reminiscent of George Soros. Nobody here is looking down at YOUR textbook dogma and lack of practical knowledge & experience Nice elitist view you have there. Looking down is exactly what you are doing. You accuse me of condescending? You can't debate me on facts or theory so you bring out your supposed credentials. Do you have any idea how weak that makes you appear? You are trying to hide behind the authority of presumed entitlement. You can't handle the arguments directly so you have to revert to ad hominem attacks and questioning my credentials. Then, sin of all sins, accusing me of creating PowerPoint presentations! It's a program I hate and have hardly ever worked in, it reminds me of the kind of dull committee meetings that my corporate clients are numbed by on a constant basis. A person with your intellectual abilities should be able to see the wisdom in listening to and learning from people who have practical knowledge on subjects where your claim to authority consists of having memorised dissertations from the 18th century. I have more practical experience than you do apparently. It was the practical experience which lead me to investigate economics as a field of study. Investigate is a nice word, the failure to investigate is what you've done here in trying to attack me instead of actually attempting to understand my arguments. The failure to investigate is something that is just deadly in the market.

To: zonder who wrote (21232)	1/13/2005 1:00:20 PM
From: GraceZ	Respond to of 116555

Plus, you need to read more carefully, I never claimed to be well educated in the markets, although I am, I said you claimed to be. Here's what I wrote: These are very basic principles in economics and international trade that anyone who wants to debate international trade should understand but you'd never know it from listening to various politicians or even individuals like yourself who claim to be well educated in markets. Adam Smith wrote about these in 1776 but you'd be amazed at how many times people have unsuccessfully tried to refute these three notions throughout the last couple of centuries, the most notable, Marx and his numerous followers.