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

To: koan who wrote (77350)	4/6/2008 7:32:45 PM
From: Oblomov	Respond to of 116555

As far as economists go. I like smart honest eclectic economists who can see the big picture and know how to get the job done. George soros is one of my heros, as mentioned, not because of his financial prowess, but because of his humanity. Paul Krugman, Robert Rubin, lawrence summers, Marc Faber, and many of the top academic economists who understand Keynsian economics and the role of governement e.g. the new Deal. We need a new New Deal! Koan, we probably don't agree much on public policy, but that's OK; at least half of my friends and family are center-left or hard left, and we joke with one another over beer about these differences in belief, which really don't have much to do with the quality of our relationship. I think it's unfair to use Limbaugh as a representative of everyone to your right. I've never listened to him, and do not care for his mocking style. There are those on the left who conduct themselves in the same way (though with different targets). Though commentators on each side (such as Limbaugh, or maybe Tom Frank on the left) suggest that their opponents lack character, or are immoral by dint of their beliefs, there just isn't evidence for this sort of claim. Perhaps you could read about some of the people I mentioned sometime. I don't expect your views to change, but at least you might have a more complete understanding of the so-called "other side". IMO, Krugman wasn't bad when he stuck to economics; his work on trade is cited frequently. But he's out of his element when discussing politics. Obama and Clinton seem to ignore some of the conclusions he drew with regard to the value of free trade. Rubin and Summers were not so bad, but I have no hope that the current crop of Dems would appoint someone to Treasury that would be perceived as similarly friendly to Wall Street. A future appointee will be adversarial, simply because the SEIU and AFL-CIO will be owed tribute. As for Faber, I consider him essential reading. What do you think of his suggestion to store gold offshore if you live in the US, because of the prospect of a Dem winning the election? Another New Deal? The old one is still in place, unfortunately. <G> Too bad our present government is busy trying to "do something" like Hoover or Roosevelt. I'd rather get the pain over as quickly as possible.

To: koan who wrote (77350)	4/6/2008 8:24:26 PM
From: Metacomet	Respond to of 116555

Being overly simplistic I see the same thing. I judge peopel on their humanity. That is why I am for Obama. I beleive he is one of the good guys. Yup... And as far as being oversimplistic, how about this whole argument boils down to greed and taxation. You can read and espouse all the nabobs you want but in the end as far as the US is concerned, political power is awarded on the basis of perceptions of who will tax the other guys the most and me the least. Bush promised to stop taxing everyone, and was elected, even though everybody knew the silly bastard was incompetent and the ramifications were suicidal. It'll be close again, even though McCain will ultimately have nothing but the assumption of more Bush-like tax policy driving him. We get to term limits and a subsequent flat tax within the next decade or we write this experiment off.....

To: koan who wrote (77350)	4/6/2008 10:54:19 PM
From: pogohere	Read Replies (2) \| Respond to of 116555

"That is why I am for Obama. I beleive he is one of the good guys." Might want to drill down and find out the extent to which Obama is relying on the lobbyists whose money I understand he has rejected. citizen.org opensecrets.org

To: koan who wrote (77350)	4/7/2008 3:16:42 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

We do not need Keynsian nonsense we need Austrian Economics. BTW Faber would be in the latter camp, Krugman would be in the former. We are in this mess because of Keynsian nonsense. But otherwise your rant about neocons is well stated. Mish