Posted on 02/24/2009 12:15:10 PM PST by marshmallow
Socialist lacky
Roubini is in fact a socialist.
I'm sure there are more than a few virgins who after having lost it thought if I were celebate long enough and moved to a new city they'd be a virgin again, but it just don't work that way......
A fact. Why he is sourced I can only guess.
the alternative: change the mark to market rule and cut corp/capital taxes
You really do learn stuff on FR.
He has one thing which most of the major players in this mess and the majority of contributors to this board don't.
A track record of some gravitas.
While all were rushing to invest in the stock market and real estate bubbles he was warning of the approaching danger, along with very few others.
That by itself makes him worth a hearing.
He's been right about the avalanche of bad debt and derivatives problems we've encountered. Of course, the problem is that one can be very right about the problem and equally wrong about the solution. Marx was right when he said the harrowing conditions under which the industrial worker labored were unsustainable, and wrong when he said the solution was armed revolution.
Roubini is calling for the rapists to handle the victims recovery. Absurd.
He's is like any other stopped clock doom-sayer socialist and there have been hordes of them over the decades.
I saw the writing on the wall as did thousands of other well informed people. Why does Roubini have gravitas? Because the media loves socialists. It is the same reason they interview atheists, Greens, PETA people, professors who suggest aborting born children, etc. They want to destroy our way of life.
I regularly flush the kind of gravitas Roubini has.
I would reread Marx. You've drawn the wrong inferences. Marx expounded upon a narrow time period during the history of the island of England. The “harrowing” conditions of the industrial worker were a major improvement over the harrowing conditions of the agricultural worker. The conditions of workers just kept getting better and still are.
Marx got it all wrong.
Are you a college student?
Sure. We all saw it coming didn't we?
Last summer we were overrun with predictions of disaster in September. Right.
Thankfully, this site has a search function and it's possible to distinguish the Monday morning quarterbacks from those who really saw it coming.
Roubini predicted over $1 trillion in losses for banks and he was laughed at. Turns out he was on the low side with that estimate. Whatever Roubini's political leanings, he sure saw through the mist better than Bernanke, Paulson and Bush.
Call me when Roubini calls the bottom and I will be impressed. Don't you wonder why the liberal media love pessimists? They call them realists, but then report on socialist policies as realistic as well. Get the picture?
They hate capitalism, the free market and individual liberty.
Ironic that you focus on Bernanke, Paulson and Bush (who all share some blame), but ignore the Democratically controlled Congresses and Democratic Presidents who created the debacle.
Marshmallow, you are aptly named.
What's that got to do with Roubini's insights on the economy?
Post a link or two to the article of your choice which shows anyone who called this any better than "socialist" Roubini.
Let’s accept your supposition that Roubini called it not just right, but the best of any prognosticator out there.
Any Austrian economist would have and did say the same things. The difference is Roubini is a Clinton insider from Harvard. So he is thrust to the front. The myth and media darling all at once.
The danger is not in his prognosticating, but in his policy making. The Austrians know how to fix it. Roubini and socialists in general only know how to make it worse.
So what's the Austrian fix for this problem?
Whom do you take seriously, Jason?
Apart from yourself.
Lots of people and lots of institutions - career civil servant regulators, heads of major financial institutions, leading investors, financial journalists with their feet on the ground, sound economists with a sense of history and empirical reality, etc. Not doommongering men on streetcorners in washboards seeking fame, or ideologues grinding their axes and peddling their snake oil, or ignorant pols playing to the idiot galleries. You know, men with actual responsibilities or sober objectivity. Little things like that.
The US treasury, the federal reserve, the FDIC, all the major banks and wall street firms, foreign and domestic, the major investment houses, Barrons, Bloomberg, etc. Adults.
Packs of crying children should not be allowed within 500 miles of economic policy.
Lehman......Bear Stearns......Merrill.....AIG......Citi.....Madoff........Zombies......insolvent, defunct losers......
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.