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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: BGR who wrote (60769)5/26/1999 3:15:00 PM
From: Cynic 2005  Read Replies (1) | Respond to of 132070
 
Paul Krugman of MIT? That guy has already been established as clueless on this thread. He spoke from two sides of his tongue during the last fall correction. He dismissed Austrian school of economics as voodoo as there are no equations to prove points like "malinvestments" etc. Seemed like a guy you would like! -g-



To: BGR who wrote (60769)5/26/1999 3:17:00 PM
From: Mike M2  Read Replies (1) | Respond to of 132070
 
BGR, I am not impressed with Krugman. IMO forecasting the collapse of SEA when most saw it as an " economic miracle" makes Richebacher world class. Mike



To: BGR who wrote (60769)5/26/1999 5:16:00 PM
From: Knighty Tin  Read Replies (3) | Respond to of 132070
 
BGR, Krugman? Hasn't he been totally discredited already?



To: BGR who wrote (60769)5/26/1999 5:31:00 PM
From: Merritt  Respond to of 132070
 
BGR:

<<< . The willingness of foreigners to finance the US trade deficit (which essentially is equal to the national saving rates minus investments) >>>

Don't know how long that will remain a viable comparison.

Jan 98 total savings deposits: $2967.1 bln
Apr 98: $3034.3 bln

Jan 99 total savings deposits: $3206.3 bln
Apr 99: $3210.2 bln

Small Time Deposits at Thrifts: Jan 99: 324.6 bln
Apr 99: 319.8 bln
Small Time Deposits at Banks: Jan 99: 622.1 bln
Apr 99: 614.6 bln

Source: http//www.bog.frb.us/releases/H6/Current