collapse of the 'rational market'
 

with the collapse of the economy, at the most recent american economic
assoc. meeting, the idea that markets are 'rational' as proposed by
the right wing 'chicago school' has also collapsed.

http://www.newsweek.com/id/232111

so much for right wing kool aid as served by rush limbaugh

collapse of the 'rational market'
 

"bpuharic" wrote in message
...
with the collapse of the economy, at the most recent american economic
assoc. meeting, the idea that markets are 'rational' as proposed by
the right wing 'chicago school' has also collapsed.

http://www.newsweek.com/id/232111

so much for right wing kool aid as served by rush limbaugh

Wow! My opinion after reading the article didn't come close to your
conclusion. The "Chicago school" wasn't pronounced dead, nor was Rush even
mentioned. But then, when one wants to sound well informed without that
being true, just toss in some ad hominem attack, and cite some conference of
intellectuals that in reality offered no real consensus.

collapse of the 'rational market'
 

On Sat, 23 Jan 2010 20:01:20 -0500, "Anony Mouse" wrote:

Someone might look in on us and be
unable to figure out which of us is the fool.

That's true but they could easily determine that they are not an
endangered species.

collapse of the 'rational market'
 

On Sat, 23 Jan 2010 20:01:20 -0500, "Anony Mouse" wrote:



"bpuharic" wrote in message
.. .
On Sat, 23 Jan 2010 19:06:28 -0500, "Anony Mouse" wrote:



looks like they just went the way of the titanic



Whatever. I'm calling B. S. The use of vulgarity never strengthens one's
argument. No sense arguing with a fool. Someone might look in on us and be
unable to figure out which of us is the fool.

Good day.

they will be able to tell which one of us is giving an irrelevant and
useless response.

collapse of the 'rational market'
 

On 23/01/2010 3:32 PM, bpuharic wrote:
with the collapse of the economy, at the most recent american economic
assoc. meeting, the idea that markets are 'rational' as proposed by
the right wing 'chicago school' has also collapsed.

http://www.newsweek.com/id/232111

so much for right wing kool aid as served by rush limbaugh

One thing all these economists seem to have in common is the fantasy
that somehow the market does not correct itself. It efficiently
corrects itself in real time ever time. It waits for no bureocrat or
politician to wipe his ass. It looks right past politicial bull****.

The correct statement would be:

"The market isn't going to do what a pandering liberal-debtor wants on
hyperbole and cheap fast street jive talk. It looks reality straight on
and adjusts accordingly."

Text should read, address the debt, deficit, debt mongering and
entitlement attitudes. Close the welchers down to stem the losses. And
time to invest in winners like the _mainstream_ middle class, and forget
the losers liek GM and banks. Make SOX meaningful by incarcerating GM
loser types like Wagoner and other corrupt corporate executives. Make
debtors pay up or else.

But isn't going to happen this way. Debt mongers and liberals need to
be hit hard with a bat to wake up. And the bat is winding up for round
two of "The Greate Government/Bank/Debt Depression of 2008-20xx".

collapse of the 'rational market'
 

"Canuck57" wrote in message
...
On 23/01/2010 3:32 PM, bpuharic wrote:
with the collapse of the economy, at the most recent american economic
assoc. meeting, the idea that markets are 'rational' as proposed by
the right wing 'chicago school' has also collapsed.

http://www.newsweek.com/id/232111

so much for right wing kool aid as served by rush limbaugh

One thing all these economists seem to have in common is the fantasy that
somehow the market does not correct itself. It efficiently corrects
itself in real time ever time. It waits for no bureocrat or politician to
wipe his ass. It looks right past politicial bull****.

You're obviously no economist, since that's the exact opposite of what
economists say. The problem is the devastation that happens during the
correction, which is what we tried to fix after the Great Depression.

crap removed.


--
Nom=de=Plume

collapse of the 'rational market'
 

On Sun, 24 Jan 2010 12:46:36 -0700, Canuck57
wrote:

On 23/01/2010 3:32 PM, bpuharic wrote:
with the collapse of the economy, at the most recent american economic
assoc. meeting, the idea that markets are 'rational' as proposed by
the right wing 'chicago school' has also collapsed.

http://www.newsweek.com/id/232111

so much for right wing kool aid as served by rush limbaugh

One thing all these economists seem to have in common is the fantasy
that somehow the market does not correct itself. It efficiently
corrects itself in real time ever time. It waits for no bureocrat or
politician to wipe his ass. It looks right past politicial bull****.

ROFLMAO!!! a banana republic market corrects itself too!! is this what
the right wants for america? the rich own everything and there's no
middle class?

the issue is not whether the market 'corrects' itself but whether we
understand the market well enough to avoid collapse

THAT is the question. and the moron just bleats what he's told by
rush: 'as long as the RICH are fine, the middle class doesn't matter'

so he advocates programs that would drive unemplyment to 25%. as long
as the rich are protected

he advocates having the middle class work until we die. as long as the
rich are protected

he advocates no health insurance for the middle class. as long as the
rich are protected.



The correct statement would be:

"The market isn't going to do what a pandering liberal-debtor wants on
hyperbole and cheap fast street jive talk. It looks reality straight on
and adjusts accordingly."

yeah. and under bush, the middle class had NO pay increase in 10 years
while in 1 year the richest 1% saw an income increase of 30%.

thats what he calls a 'correction'. the middle class gets destroyed
and the rich are doing fine

under the right wing

collapse of the 'rational market'
 

On Sun, 24 Jan 2010 11:53:41 -0800, "nom=de=plume"
wrote:

"Canuck57" wrote in message
...
On 23/01/2010 3:32 PM, bpuharic wrote:
with the collapse of the economy, at the most recent american economic
assoc. meeting, the idea that markets are 'rational' as proposed by
the right wing 'chicago school' has also collapsed.

http://www.newsweek.com/id/232111

so much for right wing kool aid as served by rush limbaugh

One thing all these economists seem to have in common is the fantasy that
somehow the market does not correct itself. It efficiently corrects
itself in real time ever time. It waits for no bureocrat or politician to
wipe his ass. It looks right past politicial bull****.

You're obviously no economist, since that's the exact opposite of what
economists say. The problem is the devastation that happens during the
correction, which is what we tried to fix after the Great Depression.


exactly. he seems to think a 'correction' is fine if the middle class
has 25% unemployment, as long as the rich come out intact

typical right wing nut

collapse of the 'rational market'
 

"bpuharic" wrote in message
...
On Sun, 24 Jan 2010 11:53:41 -0800, "nom=de=plume"
wrote:

"Canuck57" wrote in message
...
On 23/01/2010 3:32 PM, bpuharic wrote:
with the collapse of the economy, at the most recent american economic
assoc. meeting, the idea that markets are 'rational' as proposed by
the right wing 'chicago school' has also collapsed.

http://www.newsweek.com/id/232111

so much for right wing kool aid as served by rush limbaugh

One thing all these economists seem to have in common is the fantasy
that
somehow the market does not correct itself. It efficiently corrects
itself in real time ever time. It waits for no bureocrat or politician
to
wipe his ass. It looks right past politicial bull****.

You're obviously no economist, since that's the exact opposite of what
economists say. The problem is the devastation that happens during the
correction, which is what we tried to fix after the Great Depression.


exactly. he seems to think a 'correction' is fine if the middle class
has 25% unemployment, as long as the rich come out intact

typical right wing nut


It's a well-known economic, capitalism model that's been around since the
mid-50s (and perhaps earlier). Milton Friedman was part of the movement that
promoted that sort of laissez-faire model, wherein all restrictions are
removed. It has never worked and will never work.

--
Nom=de=Plume

collapse of the 'rational market'
 

On Sun, 24 Jan 2010 13:15:23 -0800, "nom=de=plume"
wrote:




exactly. he seems to think a 'correction' is fine if the middle class
has 25% unemployment, as long as the rich come out intact

typical right wing nut


It's a well-known economic, capitalism model that's been around since the
mid-50s (and perhaps earlier). Milton Friedman was part of the movement that
promoted that sort of laissez-faire model, wherein all restrictions are
removed. It has never worked and will never work.

it was a fundamentalist view of economics that served the rich with
its mythology.

now it's turned out like a water balloon against a chain saw

collapse of the 'rational market'
 

"bpuharic" wrote in message
...
On Sun, 24 Jan 2010 13:15:23 -0800, "nom=de=plume"
wrote:




exactly. he seems to think a 'correction' is fine if the middle class
has 25% unemployment, as long as the rich come out intact

typical right wing nut


It's a well-known economic, capitalism model that's been around since the
mid-50s (and perhaps earlier). Milton Friedman was part of the movement
that
promoted that sort of laissez-faire model, wherein all restrictions are
removed. It has never worked and will never work.

it was a fundamentalist view of economics that served the rich with
its mythology.

now it's turned out like a water balloon against a chain saw


Correct. It was a philosophical belief that doesn't work in the real world.
Even dictators wouldn't implement it fully.

--
Nom=de=Plume

collapse of the 'rational market'
 

"Canuck57" wrote in message
...

One thing all these economists seem to have in common .....


..... is they are constantly in disagreement.

Economists are second only to weather forecasters, IMO. Half call for
rain, the other half
for sunshine.

Only when there's a foot of it, do they all agree it's probably snowing.

Eisboch

collapse of the 'rational market'
 

"thunder" wrote in message
t...
On Sun, 24 Jan 2010 19:15:13 -0500, Eisboch wrote:


.... is they are constantly in disagreement.

Economists are second only to weather forecasters, IMO. Half call for
rain, the other half
for sunshine.

Only when there's a foot of it, do they all agree it's probably snowing.

Weather forecasters? I can't think of any field where you get paid so
much, to be wrong so often. Granted, it's very difficult under the best
of circumstances, but... True story, years ago I did some work for the
weather forecaster for a national morning show. He wasn't the talking
head, but the behind the scenes forecaster. Anyway, I told him I had a
bone to pick with his accuracy. He explained to me, the powers that be,
sometimes told him to shade his forecasts.

Since then, I've noticed the first snowfall of the season is generally
talked up into more than it is. Later, when we are all sick of snow,
they are talked down. And for the morning shows, especially, they like
to send you off with a cheery mood. The scary part, if they are willing
to shade something as simple as weather, what do you think they are
willing to do with the news? I've since stopped watching television for
anything more important than a football game.


Oh, so true. And re-runs of the Andy Griffith show. Helen Crump was hot.

Eisboch

collapse of the 'rational market'
 

On Sun, 24 Jan 2010 19:15:13 -0500, "Eisboch" wrote:


"Canuck57" wrote in message
...

One thing all these economists seem to have in common .....


.... is they are constantly in disagreement.

if only they were THAT consistent.


Economists are second only to weather forecasters, IMO.

methinks thou doest a disservice to weather forecasters. at least they
know when a hurricane is coming. a weather forecaster, operating as an
economist, would see 150 mph winds and 20" of rain and call it a small
market correction

collapse of the 'rational market'
 

On 24/01/2010 5:15 PM, Eisboch wrote:
wrote in message
...

One thing all these economists seem to have in common .....


.... is they are constantly in disagreement.

Economists are second only to weather forecasters, IMO. Half call for
rain, the other half
for sunshine.

Only when there's a foot of it, do they all agree it's probably snowing.

Eisboch

Quite true. And by the time they agree it is snowing, it has melted.
Debt markets are the same, buy rhe time it goes from AAA to AA- it
probably is a BB-. That is, if it was ever a AAA to begin with, as in
ABCP paper.

Best not to really formulate a prediction, but rather to be prepared for
either up or down.

Big issue though is debt is such a huge problem now in US, Japan, Canada
and Germany... and China tightening up is worrysome. A game of ecomonic
MAD - mutual assured destruction by governments and banks for the rights
to rape peoples wealth.

collapse of the 'rational market'
 

"Eisboch" wrote in message
...

"thunder" wrote in message
t...
On Sun, 24 Jan 2010 19:15:13 -0500, Eisboch wrote:


.... is they are constantly in disagreement.

Economists are second only to weather forecasters, IMO. Half call for
rain, the other half
for sunshine.

Only when there's a foot of it, do they all agree it's probably snowing.

Weather forecasters? I can't think of any field where you get paid so
much, to be wrong so often. Granted, it's very difficult under the best
of circumstances, but... True story, years ago I did some work for the
weather forecaster for a national morning show. He wasn't the talking
head, but the behind the scenes forecaster. Anyway, I told him I had a
bone to pick with his accuracy. He explained to me, the powers that be,
sometimes told him to shade his forecasts.

Since then, I've noticed the first snowfall of the season is generally
talked up into more than it is. Later, when we are all sick of snow,
they are talked down. And for the morning shows, especially, they like
to send you off with a cheery mood. The scary part, if they are willing
to shade something as simple as weather, what do you think they are
willing to do with the news? I've since stopped watching television for
anything more important than a football game.


Oh, so true. And re-runs of the Andy Griffith show. Helen Crump was hot.

Eisboch

Have Gun, will travel was on tonight.