The car is on an unsustainable path. There are many years to change course but the course must be changed and the longer a course change is delayed the harder it becomes to avoid damage
Despite that you ram it up my arse that for now course change is not required and therefore I am wrong
Do you have a reading problem???????
How the hell do you manage to read that and come up with this????
miw
28 Feb 2013, 08:37 PM
This is your opinion and yes, I think you are wrong.
You also claim that Bernanke is "on your team" and in that you are definitely wrong. He is saying almost the opposite of what you are saying. Sequence does matter, and your solution is arse-about-face compared to his. He says "grow now, cut later". You are saying "cut now" which is what he says is the worst course of action, because if you cut now there will be no growth later.
You also claim that Peter Schiff is "on your team" and in that you may be right. But Peter Schiff has a strong record of being wrong.
Nobody is saying no corrective action is required. Bernanke says correction action will be required. I have said at least 5 times in this thread that I agree with that. It is almost trivially true. However, timing is very important. This is a nuance that you don't seem to have picked up on.
To get back to the car analogy, if you are driving along and there is a left turn in 400m then you will crash if you don't turn the wheel in 400m. But you will also crash if you turn the wheel in 100m. Bernanke is saying "I agree that a left turn is required, but for God's sake don't turn the wheel just yet."
I don't really care where you put that or whether you use lubricants or not.
The car is on an unsustainable path. There are many years to change course but the course must be changed and the longer a course change is delayed the harder it becomes to avoid damage
Despite that you ram it up my arse that for now course change is not required and therefore I am wrong
Do you have a reading problem???????
I hate to tell you this Andrew, but I don't believe the problem rests with miw - your problem is you.
Any expressed market opinion is my own and is not to be taken as financial advice
The car is on an unsustainable path. There are many years to change course but the course must be changed and the longer a course change is delayed the harder it becomes to avoid damage
Despite that you ram it up my arse that for now course change is not required and therefore I am wrong
Andrew Judd is on course to going full retard
Andrew, change course now, you don't want to go full retard.
Maybe if we play the ball rather than the man then these discussions can stay positive and avoid the insults and name calling.
My policy is to play nicely until subject to personal attack or insult, then send it right on back. I figure the debate is useful and interesting until such time as personal attacks or insults are thrown, then it's time to just have some fun.
My experience on this forum is that although both sides indulge in such antics, it's a lot more common from the bears, who revert to childish and/or emotive rhetoric when the debate gets too hard.
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