[quote=capeman]Then they need to reevaluate what PhDs/MBAs from Ivy League business schools are worth. Since most of these fools in power who have them didn’t have the common sense of the armchair economist Bloggers who foresaw this. All that we needed was a fraction of the data the government has access to and a little insight and common sense to put it all together.
Bernanke, Paulson, Cox, Bair, Pres. Clinton and Greenspan should all have their degrees revoked for this. I’d add Bush to the list but I don’t know if he actually has a degree… [/quote]
I was just saying this to some fellows around the office yesterday in regards to the above.
“I wish our country could return to a time when I felt that our leaders, financial or govermental, were smarter than us (meaning the general population).”
It probably never existed but what horse shit these guys are exhuding. Dr. Doom (Schiff) was one of the few mainstream’ers that was calling it and many arm chair analyst were also.
I guess we can trust no one but ourselves anymore.
