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- March report "How Revolutions, Wars and Plagues are Harbingers of 'Great Changes' in Societies and in Economics" published. http://bit.ly/2y4LJZQ
- Dow Jones down 6% from its highs & falling fast. How much more will it fall before the Fed stops pretending the data supports a rate hike?
- (1/2) Global stock markets are now nearly as oversold as at the market low in October 1987. Expect a powerful and tradable rally of 20% or so from here. Cover all shorts and go long the most oversold stocks. However, do not expect new highs.
- Before any more money can be loaned to Puerto Rico, existing debt must be restructured, and largely repudiated.
- Most are no doubt hoping for the end of their terms as central bankers to come as quickly as possible. http://bit.ly/2vr6tsT
- UBS Says It's Time to 'Warm Up' to Gold @SchiffGold http://t.co/ZBtHRx7WS5
- If This Is a Recovery, We Don't Want to See the Next Downturn @SchiffGold http://t.co/p92k7yR23d
- November report "Is the Age of Democracy a passing Phase in the History of the West and the World?" published. http://bit.ly/2y4LJZQ
- Would you let your cat play with a 9 grand on a ball of yarn? http://bit.ly/2ArHoQ7
- Question: If the Fed is about to raise interest rates how will they prevent the stock market from crashing? Answer: By not raising rates!
Monday, August 17, 2015
Is there an "Austrian debunk" anywhere for Krugman's texts?
I am doubtful but figure it can't hurt to ask. I ain't knockin' on the textbooks that hard -- I hear the micro book is understandably free from Keynesian bias, and the macro book has more than a few decent aspects too. I have no problem with other points of view; in fact, although I am conceptually quite sympathetic, I haven't done enough reading to decide to what extent I agree with what I know of every aspect of the Austrian school. Instead, it has more to do with the fact that although I didn't read them with an uncritical eye, the macro certainly does have at least some bias, and there's the chance I may have absorbed opinion as fact--and that's never good, but especially unfortunate when talking about such a intellectually bankrupt figure as Krugman.