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Akram's Razor
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Akram is a 33 year old portfolio manager based out of Dubai.
  • What If Google Ran Monetary Policy.... 1 comment
    Feb 28, 2012 8:22 AM | about stocks: GOOG

    Coming to an FOMC meeting near you.......

    Lacker: Can we raise rates already your Netflix (NASDAQ:NFLX) shares are back above $100?

    Bernanke: Hold on a second

    Yellen: What are you doing over there?

    Duke: I thought we said no ipad's in committee

    Lacker: Yea, what are you doing Ben?

    Bernanke: I'm Googling (NASDAQ:GOOG) it?

    Yellen: What?

    Bernanke: I got this new cool App. I was going to tell you about it, but I've been too busy playing with it.

    Lacker: What is it?

    Bernanke: It's called Googlomics.

    Duke: What does it do?

    Bernanke: In a nut shell, it provides the most accurate data on prices the world has ever seen.

    Yellen: That's amazing.

    Duke: What is it telling you?

    Bernanke: That inflation is trending much higher than our data suggests.

    Lacker: You don't need an app to figure that out Ben.

    Yellen: How does it work?

    Bernanke: It's crowdapping prices. Basically, aggregating everything from amazon's price app, gasbuddy, and the likes in real time.

    Lacker: So, should we tighten?

    Bernanke: Well, according to the Googlomics App Genius; Yes.

    Lacker: Told you.

    Bernanke: This App doesn't understand downside risks to growth like I do. It couldn't have possibly studied the Great Depression. Get me Sergey Brin on the phone; I want to have a conversation with the logic guys behind this. Need to make sure they have read Irving Fisher's debt deflation theory.

    Duke: Hmm, this app may put us out of business. We might want to regulate it.

    Bernanke: Good point. I'll get the message to Geithner.(please edit this out of the minutes)

    Disclosure: I am long GOOG.

    Stocks: GOOG
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