Mish's Global Economic Analysis
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Google Tech Talk May 6, 2009 ABSTRACT Presented by Mike "Mish" Shedlock. Mike "Mish" Shedlock is author of one of the most read economics blogs on the Internet: Mish's Global Economic Trend Analysis [http://globaleconomicanalysis.blogspot.com/]. Mish gave an @Google talk, sharing his perspective on the state of the global economy (housing, the stock market, commodities, etc.) He also provides his interesting story about how he started blogging, and the impact that it has had on his life personally and professionally. In January, Time.com ranked his site the #1 based on a rounded set of criteria [http://www.time.com/time/business/article/0,8599,1873144-3,00.html]. From the article: "Although Mish is not an economist by training, he adroitly gets into the thick of economic data. Mish uses observations made by those in major media, so-called experts and government officials and serves up analysis based on his impression of their relevance and validity. The author is not afraid to attack conventional wisdom."
Comments
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His anti FRB argument is circular and weak.
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Nice. Has anyone heard of Osack Online Income? (GOOGLE IT). It's bloody life changing.
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Shedlock is a complete rookie and joke.
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Very well explained Mish. I wish the politicians saw it this way. Solution to getting out of debt and go to inverstment is always living below your means. If not below, people have to live at most up to their means. One can't live above one's means and move from debt to investment or spending.
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keynesian "economics" is the biggest fraud in human history
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What part of 'finite resources' do Capitalists not understand?
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Capitalism, designed by the filthy rich for the filthy rich. The stock markets are the most successful scam ever invented with the possible exceptions of religion and banking.
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Corporations are designed to absolve responsibility, so that PROFIT becomes the ONLY focus. Investors don't care how corrupt the corp is as long as their dividends go up. The Board of Directors, unbound by any moral considerations, are free to do whatever it takes to increase their salaries. If they are caught doing anything wrong, they simply retire with a pension fit for a king. And if a corp become "to big to fail" then the general public become liable via unconstitutional taxes.
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@rictorn Exactly. He nails all the problems going on, and then decides that it's not laissez faire greedtrader capitalism that's at fault, but workers who don't even have any power in the system. Fact is, humans are done.
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Mish is a decent analyst, but comes to the same old business school boy conclusions. That all the problems are pensions and public wages, all of which get pumped back into the economy. Frankly, traders like Mish should be out of a job. He wants to destroy unions. Fact is, when unions were strong, and bankers weren't allowed to gamble on the stock market with public funds, the economies of the world were boring, but worked fine. Plus good luck criticizing the douche. He can't handle it.
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Welcom'Mish
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@PrismaMD - "All time highs" based on what? Fake money being printed the world over. Our own Fed is solely responsible for the new recovery highs in Amerika. Take a look at the price of gold and ask yourself why it is making new all time highs. I would suggest you go out and buy all the large cap stocks you can and HOLD them because you see, people who don't agree with you are clueless.
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Mish needs a freaking vacation. Too much ranting and raving makes Mish a dull boy.
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@PrismaMD Free markets didn't do that, people did it. Free markets invite all kinds of abuse (since there is no "free markets" only various shades of government controlled markets) and defending them so vociferously outside of measured reality and history is essentially an exercise in trolling. If you don't understand that the luddite fascination that people have with unfettered markets is an unachievable fairy tale then you are the one who is stupid, and unduly obstructionist to other options.
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@highonhayek: you're saying Americans in general are poor farmers and poor at raising animals. Yes. I think you are correct. But theres a first time for everything. Americans need to get back to working the land, instead of becoming factory drones and trapped in Concrete Jungles.
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I think majority of Americans should get jobs working on farmland, growing food, raising animals for meat. The excess food grown can be exported to foreign nations to bring this countrys financial house back into order.
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this guy is stupid. the banks are lending. they borrow at zero from the fed and loan it right back to them so they can "stimulate" the economy.
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Left-wing economics has been detonated by Obama Geithner Summers Rubin supporting the giant derivatives bullshit scheme, and allowing banks into investments, so no wonder right-wingers don't trust the left. Of course, the right has no answer either, since they are just shills for oligarchism, not raw capitalism. I'm just saying that attacking 100k per year public employees Mish is moronic. Govt waste is nothing compared to corporate theft. Concentration of wealth among the rich does not work..
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@TheRealCritique 'Laisses Faire', are you mentioning the obvious illusion of a "Free Market" system. We have in recent history ~40 years not operated under a 'Laisses Faire' 'Free Market' system, we've just been told over and over by our political & media chearleaders about these fictional unicorns frawlicking around us.
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Hey, Mish, glad I can finally criticize you. You make it so impossible on your webpage since you have such a thin skin. You were a decent analyst of the housing bubble, and worth reading then. Since then, you've turned into a right-wing hater of public servants, putting all the blame on govt instead of the laissez faire policies of stock traders and corporate raiders like YOU. Govt spending should not be the only solution, but it is part of the solution when the private sector has rotted LIKE U.
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