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I'd like to see EJ interview this guy.

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  • #1

    I'd like to see EJ interview this guy.

    He sounds very sharp. It would be an interesting discussion.

    http://www.bloomberg.com/avp/avp.htm...D7Jymv8Aj0.asf
    Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. -Groucho
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  • #2
    Re: I'd like to see EJ interview this guy.

    Originally posted by Master Shake View Post
    He sounds very sharp. It would be an interesting discussion.

    http://www.bloomberg.com/avp/avp.htm...D7Jymv8Aj0.asf

    sharp and no bullshit. i second the interview request.

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    • #3
      Re: I'd like to see EJ interview this guy.

      Originally posted by metalman View Post
      sharp and no bullshit. i second the interview request.
      I third it. Fantastic.

      He says, "American policy on the dollar changed..." after the G7 agreed to stabilize it in March. Maybe it's obvious to others, but could someone explain to me what the US did differently after March (besides getting support from FCBs)? Thanks.

      Jimmy

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      • #4
        Re: I'd like to see EJ interview this guy.

        Maybe it is just me, but his comments seem to be:

        1) UK economy is asset based
        2) Enormous deleveraging going on (but no mention of bubble or bubble popping)
        3) Government should blow the budget limitations and get people to releverage (reflate the bubble)
        4) The UK government should mimic what the US has done with its Fed lending facilities.
        5) He also has comments about inflation not being a problem and continuing to not be a problem - exactly like what our precious Fed is saying.

        So besides the Brit accent, what exactly is the brilliance being displayed?

        How exactly does lack of recognition of the previous UK bubble, coupled with advocacy for reflation of said (unrecognized) bubble, make everything better in the future for the UK?

        This could be Paulson talking for crying out loud.

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        • #5
          Re: I'd like to see EJ interview this guy.

          I agree with C1ue...what is he proposing that is any different to all the crap that has brought us to the point we are. More off the same. 50 years of debt driven growth now let's have more of the same, except we'll multiply is about 20 times.
          In amongst the things that have not been mentioned as outlined by c1ue is the external account. If you ignore the external account...deficits don't matter....you can spend spend spend....grow debt debt debt!!! No worries mate!!! Inflate real estate...we'll all get rich!!!!

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          • #6
            Re: I'd like to see EJ interview this guy.

            There are too many people with vested interests in trying to restore things to how they were 18 months ago, now being presented as some sort of independent commentators. They may even BELIEVE what they are saying but that doesn't change it from being BULLSHIT.

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            • #7
              Re: I'd like to see EJ interview this guy.

              Originally posted by The Outback Oracle View Post
              There are too many people with vested interests in trying to restore things to how they were 18 months ago, now being presented as some sort of independent commentators. They may even BELIEVE what they are saying but that doesn't change it from being BULLSHIT.
              was struck by how he called it 'socialism' and 'kindness' at the start and sounded like he was going to take a hard pro-market line then went for the 'do like the usa crony capitalists are doing' angle.

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              • #8
                Re: I'd like to see EJ interview this guy.

                very dysfunctional. Government spending should be going to increasing real world productivity rather than more asset based bank loans. But asset based bank loans is the system that supports the current establishment, so they'll say 'more of the same please x20', as the TOO would say.

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                • #9
                  Re: I'd like to see EJ interview this guy.

                  For the YouTube version of this clip (better feed):

                  http://www.youtube.com/watch?v=Rg3u7r6wHWU


                  ... back to the topic:

                  G7/G8? Who gives a damn? Seriously; Canada (sorry for myself - but "hey" I am a realist) and Italy?

                  For the latest list if you give a duck dumpling:
                  http://www.g8.gc.ca/members-en.asp

                  Time to invite China, India, Brasil to the table not? And please...kick Canada, Italy and replace it with Peter*Schiff* in tight pants with "S" painted on his chest (its funny to think that Superman and *Schiff both start with Ss ).

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                  • #10
                    Re: I'd like to see EJ interview this guy.

                    Doesn't he mention that the West must only fear DEFLATION about 3 times before finally recommending gold as a long term investment?

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                    • #11
                      Re: I'd like to see EJ interview this guy.

                      Chris, I have been convinced this year that during a period of deflation, all assets - including gold - will lose purchasing power.

                      The only thing "gaining" in value is cash.

                      That is under a fiat system however, unlike during the last great depression when gold was money.

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