Celcius

The Second Reason Consumers Aren't Spending

Wow, you know how economics works... I have read many of your posts and you are really a perma bull. Did you lose allot of money in the downturn? And, see the only hope of recovering your losses by cheering everyone to follow the herd. According to the CEO of the NYSE the financial whales have been sitting on the sidelines and did not participate in the March rally. Do you really think that the collapse of a shadow banking system of the magnitude we witnessed can recover so quickly.

I suggest you read some other macro Economic viewpoints. Keynes does not hold all the cards. You might want to read some Friedman and Von Mises. The FED is all in on their Keynesian bets. They may have it right or Von Mises may be right. Only time will tell, but I would hedge your bets.



On Apr 15 10:17 PM Cetin Hakimoglu wrote:

> I know I'm right. I know how economics and finance works. You can't
> confuse sociology with economics.