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Hoisington Management 1st Quarter 2012 Report Now Available

NumbersUsacomNumbersUsacom Posts: 1,457 ✭
in Precious Metals
1st Quarter 2012 Report link
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Comments

  • dpooledpoole Posts: 5,940 ✭✭✭✭✭
    Intreresting and compelling there, NumbersUsacom.

    Paul Krugman takes every opportunity to bash austerity here and in Europe, convinced that deflation and economic contraction are the only possible consequences. Tea Party and their theoreticians assert that austerity is the only way to stave off default or inflation.

    This article says the consequence of more Keynsian stimulus is in fact DEFLATION, and a replication of Japan's stagnation.

    I think I'll just get a beer, listen to birds for awhile and go look at the sunset....


    Here's a warning parable for coin collectors...



  • ebaytraderebaytrader Posts: 3,312 ✭✭✭


    << <i>

    Paul Krugman takes every opportunity to bash austerity here and in Europe, convinced that deflation and economic contraction are the only possible consequences. >>



    Krugman is a charlatan.




    << <i>Tea Party and their theoreticians assert that austerity is the only way to stave off default or inflation. >>



    If austerity means stopping the printing presses, then they have a point.




    << <i>This article says the consequence of more Keynsian stimulus is in fact DEFLATION, and a replication of Japan's stagnation. >>



    Written by someone with a degree in journalism and not economics, I'm sure. While economics is an art and not a science there are some laws involved.




    << <i>I think I'll just get a beer, listen to birds for awhile and go look at the sunset.... >>



    Indeed.
  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭
    << This article says the consequence of more Keynsian stimulus is in fact DEFLATION, and a replication of Japan's stagnation. >>



    Written by someone with a degree in journalism and not economics, I'm sure. While economics is an art and not a science there are some laws involved.




    Actually Dr. Lacy Hunt is one of the leading minds in the field of economics. I admire him greatly. He is not a Keynesian, but rather follows the theories of Irving Fisher, as do I.

    I also believe that more and more debt will lead to deflation. Current day Greece is a classic example.


    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭
    And while I am not an ardent follower of Krugman, he does raise valid points and can make a convincing arguement. There is some truth in his writings.

    This country, and most of the world, has been on an 80 year odyssey of inflation. Very few alive today have any experience with deflation. HMMM.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • ebaytraderebaytrader Posts: 3,312 ✭✭✭


    << <i>And while I am not an ardent follower of Krugman, he does raise valid points and can make a convincing arguement. There is some truth in his writings.

    >>



    If you follow krugman closely you'll often find him on both sides of an argument. He'll publicly contradict what he's written in college text books which demonstrates a mind numbing political bias. In other words, he's a charlatan.
  • ebaytraderebaytrader Posts: 3,312 ✭✭✭


    << <i>

    I also believe that more and more debt will lead to deflation. Current day Greece is a classic example. >>




    Debt is neither inflationary or deflationary. The default on that debt has a decidedly deflationary effect.
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