Posted on 03/28/2015 6:46:27 PM PDT by Lorianne
When "very serious people" (even if it is those who once ran now defunct Bear Steanrs) announce it, with a 6 year delay, they make the Financial Times.
On the other hand, when Zero Hedge said precisely this 6 years ago, it was cast as a tin-foil clad group of conspriators who see the worst in every situation.
What is "it"? This:
The long-term consequences of global QE are likely to permanently impair living standards for generations to come while creating a false illusion of reviving prosperity.
In this case, it was said this week by Guggenheim's Chairman of Investments and Global Chief Investment Officer, Scott Minerd. We are happy that increasingly more "serious people" come to the same conclusion which we posited first a 6 years ago
(Excerpt) Read more at zerohedge.com ...
Not for the elites.
I’m surprised zerohedge threads are still allowed here. They’re the global warmists of the financial world
Gosh Golly Gee.. Ms. Lorianne.
Dis wealth redistribution sure is a tricky thing..
Ugh. When do I get sum?
OH wait.. I am not a liberal.
Bush inadvertently saddled us with lots and lots of bad stuff. And that stuff ain't going away.
“Not for the elites.”
Occupy much?
They are the ones that ran the occupy movement. The target is the middle class. Ever wonder why most of the hyper wealthy are democrats?
Nothing 'inadvertent' about it.
I predict a return to agrarianism. Anyone with enough land will be able to eat.
I try to give Bush the benefit of the doubt regarding his many serious errors...but yeah, it's tough to do that sometimes.
“They are the ones that ran the occupy movement...”
The 1% ran a movement against the 1%, and WTC was inploded, and we never landed on the moon, and...
I'll side-step the "inadvertent" bit. For me, the important thing is that citizens should never support any politician who promotes a bad thing.
"Oh, we're in a pinch, so we have to ..."
"It's temporary ..."
"It's just this one time ..."
"It will be done responsibly ..."
Politicians should follow the principles of the Constitution. Always. Without exception. Government power should be LIMITED.
Doesn't matter which party or which person. If they're expanding government power, they are not our friends. Inadvertent or not.
The article is about an article on FT, which many people cannot get into.
Okay. Thanks for letting me know.
Good post (#13). I really can’t argue with any of it.
“The long-term consequences of global QE are likely to permanently impair living standards for generations to come while creating a false illusion of reviving prosperity.”
I guess that is what Charlie Munger was referring to the other day.
I agree. Had I ever given serious consideration to their sky is falling predictions I’d be a lot poorer than I am now
Generations of poor growth?
No, about 8-10 more years of it.
ZeroHedge sees a lot of things, but overreacts to almost all of them. There are nuggets to be mined, but like gold, one must sort through a lot of useless material to win a prize.
ZH also has a lot of unresolved conflicts in the lines of thought that prevail at the site. As alluded to in the article, the people saying “generations” have been vilified as evil conspirators spreading evil and stealing wealth for years. But, let them say one thing with which the “Tylers” agree, and they are golden.
This is done often at ZH. My favorite is when they use charts from the “manipulated” stock market to show this, that and the other.
How do you analyze the charts of a manipulated market? Any analysis is meaningless as it’s not a real market and the usual rules don’t apply. But that doesn’t them from arguing ‘manipulation’, ‘rigged’ and “look what this chart proves!” right on the same page.
ZH is also prone to follow static model fallacies. The Tylers and the commenters have a hard time envisioning reactions to events, and just assume things will proceed in a linear fashion.
But, some of the articles are worth a read as there is some good information available if one discounts the hair on fire stuff.
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