MASTURBATING THROUGH HISTORY
As the Obama "Team" fumbles and stumbles even NBC is taking some notice that the paralysis of the Treasury/Fed/White House (never say God is making a mistake; that's racist) is wreaking havoc among almost all of our "partners" who can't act to clean their own houses while the largest economy in the world masturbates. This is what happens when an ideologue with no knowledge of how government works, no friends or acquaintances in Washington or New York, stumbles into town with a retinue of big city racist sexist political hacks who need seeing eye dogs to find a rest room. This accompanied by a "news" media that is lying down disgracefully and cannot admit they have been wrong. Obama is on his way to mediocrity unless the financial people shape up.
,
3 comments:
Howard, Greg Mankiw has been linking to his fellow economists' various bank system solutions. Do you find favor with any of them?
Let me comment here. I find Mankiw a little too simplistic for my tastes as a stand alone. I don't know my ass from a can of beer when it comes to banks, fiscal or monetary policies and so on, but all you have to do is glance at the literally fifty or so financial blogs written by people with advanced degrees from Yale, Harvard, Stanford, and the rest of the usual places to know that there is huge disagreement among them. Finance, in particular, is endlessly complex, with any data point improperly calculated can wreck an entire opinion. I have been trading Treasuries for a decade or more but I use a strictly technical system called Market Profile from the CBOT. My opinion is that there is far too much fundamental data to use it.
On his way???
Post a Comment