Comments on: Cloudy With a Chance of Economic Stupidity http://dailyreckoning.com/cloudy-with-a-chance-of-economic-stupidity/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Sat, 11 Feb 2012 03:39:16 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: ET http://dailyreckoning.com/cloudy-with-a-chance-of-economic-stupidity/#comment-520448 ET Thu, 22 Dec 2011 10:17:43 +0000 http://dailyreckoning.com/?p=17884#comment-520448 As an engineer, divergent exponentials are a bad thing. So that'll be compound interest for a start.. the stupidity pretty much begins when you start expecting more out than you put in without the machinery exploding y'all. As an engineer, divergent exponentials are a bad thing. So that’ll be compound interest for a start.. the stupidity pretty much begins when you start expecting more out than you put in without the machinery exploding y’all.

]]> By: sulc2 http://dailyreckoning.com/cloudy-with-a-chance-of-economic-stupidity/#comment-19288 sulc2 Tue, 18 Aug 2009 21:48:53 +0000 http://dailyreckoning.com/?p=17884#comment-19288 Why are the Obama economists following keynesian economics? It has proven the greatest failure of all. seems of all the economists, Lucas is actually the most vindicated. Who has profited in stocks? essentially only Goldman criminal activity has been rewarded via the Obama Keynesian theft. Who has profited in housing? Essentially criminals in the MBS,CDO, mortgage brokers. Why are the Obama economists following keynesian economics? It has proven the greatest failure of all. seems of all the economists, Lucas is actually the most vindicated. Who has profited in stocks? essentially only Goldman criminal activity has been rewarded via the Obama Keynesian theft. Who has profited in housing? Essentially criminals in the MBS,CDO, mortgage brokers.

]]> By: Lost & Found http://dailyreckoning.com/cloudy-with-a-chance-of-economic-stupidity/#comment-19282 Lost & Found Tue, 18 Aug 2009 21:04:12 +0000 http://dailyreckoning.com/?p=17884#comment-19282 Of course, there are, as always, exceptions to the rule. These are the ones which are called geniuses centurys after they died. Of course, there are, as always, exceptions to the rule. These are the ones which are called geniuses centurys after they died.

]]> By: Lost & Found http://dailyreckoning.com/cloudy-with-a-chance-of-economic-stupidity/#comment-19281 Lost & Found Tue, 18 Aug 2009 21:01:15 +0000 http://dailyreckoning.com/?p=17884#comment-19281 I liked the economist's cover in question. From PhD upwards all scientists are either crooks or believers in and defenders of hocus pocus. They are the guys to make people believe what they have to believe when they come to believe it. And as I said. Not only the economists. I liked the economist’s cover in question. From PhD upwards all scientists are either crooks or believers in and defenders of hocus pocus. They are the guys to make people believe what they have to believe when they come to believe it. And as I said. Not only the economists.

]]> By: JMR Kenny http://dailyreckoning.com/cloudy-with-a-chance-of-economic-stupidity/#comment-19273 JMR Kenny Tue, 18 Aug 2009 20:31:42 +0000 http://dailyreckoning.com/?p=17884#comment-19273 I don't know, Goldman and them guys profits looked pretty excessive to me, especially when I compare their paycheck with mine. My dad was a top notch auto mechanic for over 40 years and he could predict that if you spend more than you make it is only a matter of time before you face trouble. He also knew that if you pay $4500 for junk cars then you'll hit the skids even faster. And hey, he was a ninth grade drop-out! I don’t know, Goldman and them guys profits looked pretty excessive to me, especially when I compare their paycheck with mine. My dad was a top notch auto mechanic for over 40 years and he could predict that if you spend more than you make it is only a matter of time before you face trouble. He also knew that if you pay $4500 for junk cars then you’ll hit the skids even faster. And hey, he was a ninth grade drop-out!

]]> By: Baldy http://dailyreckoning.com/cloudy-with-a-chance-of-economic-stupidity/#comment-19270 Baldy Tue, 18 Aug 2009 20:17:09 +0000 http://dailyreckoning.com/?p=17884#comment-19270 Doofuses like Lucas seem to be in endless quantity on internet forums (this site excepted) because apparently having a hammerlock on newspaper, journal and network TV content isn't quite enough. They can scream loud, but that doesn't make it true. Doofuses like Lucas seem to be in endless quantity on internet forums (this site excepted) because apparently having a hammerlock on newspaper, journal and network TV content isn’t quite enough.

They can scream loud, but that doesn’t make it true.

]]> By: sulc1 http://dailyreckoning.com/cloudy-with-a-chance-of-economic-stupidity/#comment-19264 sulc1 Tue, 18 Aug 2009 19:36:36 +0000 http://dailyreckoning.com/?p=17884#comment-19264 Lucas and the other Rational expectations Hypothesis guys had it right. Essentially they claim the public policy strategy is to "do nothing". Ie stay out of the money manipulation game. In university, the rational Expectations professors taught us that "you cant make excessprofit in the market nor in housing market". They were right and Goldman, AIG, Obama was wrong. Lucas and the other Rational expectations Hypothesis guys had it right. Essentially they claim the public policy strategy is to “do nothing”. Ie stay out of the money manipulation game. In university, the rational Expectations professors taught us that “you cant make excessprofit in the market nor in housing market”. They were right and Goldman, AIG, Obama was wrong.

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