The Glade 4.0

Everybody who listened to him and believed him was wrong? The evidence? A tech equity bubble in the early 2000's turned into a global equity bubble rooted this time in real estate. So if Krugman is so right and great, how did this happen? If what he taught is so globally accepted and it caused a huge crisis, doesn't that make him wrong?

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"It's real, grew up in trife life, the times of white lines
The hype vice, murderous nighttimes and knife fights invite crimes" - Nasir Jones

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He claimed 4. To which are you referring?

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"Hysterical children shrieking about right-wing anything need to go sit in the corner and be quiet while the adults are talking."

I claimed 4, which he committed all of.

His mistake is believing I was referring to them in order. I was not; I was merely listing them.

Allow me to break it down for our readers:

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“The duty of a patriot is to protect his country from its government.” - Thomas Paine

If we point out that Krugman has been historically wrong in just about everything he's said about global economics and what transpired over the past 10 years, can we call that an Appeal to Failure and just leave it at that?

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"It's real, grew up in trife life, the times of white lines
The hype vice, murderous nighttimes and knife fights invite crimes" - Nasir Jones

Nope. That's an Appeal to History, and equally fallacious.



Edit: It does make a good case for not listening to anything he has to say. It just doesn't indicate whether his next prediction will be right or wrong.

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“The duty of a patriot is to protect his country from its government.” - Thomas Paine

http://krugman.blogs.nytimes.com/2008/1 ... h-wonkish/



http://www.huffingtonpost.com/2009/02/1 ... 67721.html

Krugman says the stimulus was too small in the video. Even if we leave out TARP and focus only on the $787 billion in stimulus money in Obama's bill, it still exceeds Krugman's minimum recommendation. Now he's saying he knew it would be too small?

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Well this administration is the one of apologies, retractions and revisionist history, so sure I guess he "knew" it would be too small.

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A man who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself. ~ John Stuart Mill

*blink*

What? According to who?

On an unrelated note - Dollar spikes

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It feels like all the people who want limited government really just want government limited to Republicans.
---The Daily Show

Montegue:

Why don't you deal with the fact he can't even be bothered to read his own column and remember what he said last November before saying the Stimulus was too small? Are we supposed to listen to the idiot when he contradicts himself to glaringly with his own words?

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So, it's impossible, in your mind, that the time between his first column and the second one changed the game? More was needed later because more time had passed and more harm had been done? Seems like a more reasonable explaination than your demonization angle, imo.

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It feels like all the people who want limited government really just want government limited to Republicans.
---The Daily Show

According to how history actually played out. The recession isn't over, the stimulus isn't helping long term, and a currency crisis is not better than an asset bubble and subsequent recession.

And the dollar spiked in mid May and mid June only to continue it's plunge. Both the technicals and certainly the fundamentals of the dollar are terrible right now.

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"It's real, grew up in trife life, the times of white lines
The hype vice, murderous nighttimes and knife fights invite crimes" - Nasir Jones

So much for your dollar spike ... lol.

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"It's real, grew up in trife life, the times of white lines
The hype vice, murderous nighttimes and knife fights invite crimes" - Nasir Jones

Has something happened with the dollar? Last I heard it was sticking right around 1 Euro = $1.49.

I'm on the tour committee for a tour choir in the planning stages of a tour in summer of 2010 (to Malta). On the last tour we got screwed by the huge drop in the dollar and ended up having to pay a bunch more late in the proccess. I don't want that to happen again, but I'm afraid it will.

The dollar index (a metric measuring the dollar against against other major global currencies, EURO, Yen, Swiss Franc etc.) reached a 52 week low last week. This is in contrast to its false strengthening after the asset bubble collapse in 2008 as temporary forces such as unwinding and liquidation of debt, margin calls and fear created a surge in both the US Bond Market and the US Dollar.

Since March it has lost over 12% of its value against those other currencies, which is bad, because all fiat currencies tend to underperform commidities/gold and most market indecies which primarily trade equities.

On its bumpy ride down, there were some false green shoots that show strength over a 2-3 day basis, but an overall steep descent. The fundamentals behind the dollar haven't changed, so this claim of a "spike" recently should be borne in mind for some time as to why a 2-3 day snapshot in the face of months of data and knowledge there is no fundamental change as a hedge against other such foolish statements.

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"It's real, grew up in trife life, the times of white lines
The hype vice, murderous nighttimes and knife fights invite crimes" - Nasir Jones

Kulwiden:

You mean, sort of like, the economy grew 3.5% last quarter?

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TBH, I don't have the understanding of how those numbers are generated, so I don't really pay them mind. I do know they are doctored to some degree and that rational behind them is less than substantial.

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"It's real, grew up in trife life, the times of white lines
The hype vice, murderous nighttimes and knife fights invite crimes" - Nasir Jones