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

To: Proud Deplorable who wrote (53801)	7/25/2006 2:10:28 AM
From: mishedlo	Read Replies (3) \| Respond to of 116555

FOOLish Nonsense globaleconomicanalysis.blogspot.com Someone recently sent me a set of articles that appeared on the Motley FOOL and asked for comments. All three were written by the same person: Mike Norman. The first article is called Tune Out the Debt Doomsday Crowd. Following are a few snips: .... .... .... Final Thoughts On one hand I am disappointed that the FOOL published those articles by Norman. The reason I am disappointed is because those articles are filled with factual errors while espousing the "free lunch" economic thinking that has this country in the mess that it is in. Some of those ideas are not "contrarian", they are pure nonsense. Thus the printing of such articles on the grounds of "equal time" is no more valid than it would be to give "equal time" to the flat earth society. At the very least the FOOL might have caught some of the factual errors and the "we owe it to ourselves" silliness. I fear for people that take Norman's message to heart. On the other hand, perhaps I should thank the FOOL and Norman as well because the viewpoint "no problem yet" is so pervasive in current thinking that rebuttals like this need to be heard. On that basis I thank Mike Norman and the FOOL for those posts. Mike Shedlock / Mish globaleconomicanalysis.blogspot.com