On CNBC on 5/31/07, saw a debate between Thornberg and some brutish bull Donald Luskin, CIO of Trend Macro. Every point Thornberg brought up, the brute would just savagely ridicule him telling him that he was just so wrong. For example, on the negative savings rate, the brute just dismissed that as just plain wrong, that the govt. stats missed stocks going up, etc. Even the moderator, Money Honey 2 (Erin Burnett) had enough of the brute. She asked him if he ever asked his wife if he were wrong. "I've never asked her".
Yes, we all know that he who yells the loudest and is the biggest bully is always right. It’s not about facts, it’s about sheer force of will keeping real estate at completely unaffordable levels.
Yes, we all know that he who yells the loudest and is the biggest bully is always right. It’s not about facts, it’s about sheer force of will keeping real estate at completely unaffordable levels.
Thornberg has been a rare voice from the academic economists. And he’s been correct. The loudest person is usually the biggest idiot.
But recently I heard an interview with Thornberg where he did not blame S&P or Moody’s for gross negligence of rating securities in the last few years. I could not agree less with him on this point. And it made me wonder if he’s gotten so big now that someone or something had “gotten to him” as of late?
Thornberg has been a rare voice from the academic economists. And he’s been correct. The loudest person is usually the biggest idiot.
But recently I heard an interview with Thornberg where he did not blame S&P or Moody’s for gross negligence of rating securities in the last few years. I could not agree less with him on this point. And it made me wonder if he’s gotten so big now that someone or something had “gotten to him” as of late?
Thornberg has been a rare voice from the academic economists. And he’s been correct. The loudest person is usually the biggest idiot.
But recently I heard an interview with Thornberg where he did not blame S&P or Moody’s for gross negligence of rating securities in the last few years. I could not agree less with him on this point. And it made me wonder if he’s gotten so big now that someone or something had “gotten to him” as of late?
Thornberg has been a rare voice from the academic economists. And he’s been correct. The loudest person is usually the biggest idiot.
But recently I heard an interview with Thornberg where he did not blame S&P or Moody’s for gross negligence of rating securities in the last few years. I could not agree less with him on this point. And it made me wonder if he’s gotten so big now that someone or something had “gotten to him” as of late?
Thornberg has been a rare voice from the academic economists. And he’s been correct. The loudest person is usually the biggest idiot.
But recently I heard an interview with Thornberg where he did not blame S&P or Moody’s for gross negligence of rating securities in the last few years. I could not agree less with him on this point. And it made me wonder if he’s gotten so big now that someone or something had “gotten to him” as of late?
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