"If you want evidence of the intellectual bankruptcy present in much economic 'thinking', look to the comments made by Swedish medal modelers Krugman and Stiglitz, in which the bursting of a credit bubble, which was the end result of a deliberate decades long effort by Congress, to expand speculation in credit via a very wide variety of direct and indirect subsidies, is described as the result of 'anti-regulatory' behavior.
Folks, when a fat man who has been gorging for 30 years splits his pants, after he reaches 450 pounds, the fact that he didn't special order his pants seams to be stitched with filament designed to haul in a 25 foot marlin, doesn't make it accurate to say that poor wardrobe decisions are what bared his ass."
Not sure if congress is really public enemy number one in this mess (though they're on the "Wanted" list), but the point is still well taken.
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Are when the contrarian should think about buying. And so I tried. Some AUY LEAPS (filled) and a small mining services company that I like...
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I came across this really interesting chart regarding 2013 and 2014 EPS forecasts by region and globally. Note the very pronounced move fr... -
Apropos the book that I just finished, I re-visited an interview from September with Kyle Bass, where he examines many of the same themes ...