Raoul Pal - The Need to Study Real World Economics - Warwick Economics Summit 2015

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1. Lost interest at 30 mins sales pitch.
2. Sadly, Communists and liberals prefer subsidies, letting others and machines work, and taking the money, the value, from others and subsidizing losers, with quotas. Sad.
3. China's great weakness is its credit-fueled, speculation-driven property markets. China's failure to capture for public use land rents has resulted in the capitalization of net imputed land rents into escalating prices attached to the leasehold interests privately held.
4. Great insights, but timing is still off, over a year later.
5. Raoul could teach our central bank gnome Janet how the real world works. I doubt she'll ever learn. We'll pay for her mistakes.
6. "Everything I learned @ university is wrong because it is based on models and not based upon observation of the real world"
7. Mr. Pal's superb presentation is the equivalent of a university course in finance. He has articulated multiple issues of interest to students of finance/economics... as well as individual investors, like myself. Ignore his concerns at your own risk. Recall Leon Trotsky's famous dictum: "you may not be interested in the dialectic, but the dialectic is interested in you" ... substitute for "dialectic", central banks' "Soviet-style" "central planning" and mismanagement of monetary policy and the economy... which, in the next downturn, is going to affect all of us with consequences none of us can predict. Luke McDermott MD, Phoenix, Az
8. Great Vid!!!