wall street experts don't understand macroeconomics

[robgobw]

So Obama Bush and Clinton and all the past presidents have great empirical knowledge of economics? Is academic knowledge in economics a prerequisite for success at the stockmarket or any business endeavour? no and no, i have an economcs degree and there is no education in the world that will get you fail proof economists

[CoolK081]

No wonder the economy is so bad. Hey aren't these people suppose to be trained at Ivy League universities ?( for the most part) WHAT A JOKE.

[popcan87]

All of you stop acting like you know everything. Markets complex systems. The guy is right, the Fed has beeen keeping rates low to try to avoid a recession. Its not all the Fed's fault for the financial crisis. It was a combination of incentive provided by the Fed, law makers, mortgage dealers, and above all the poor financial decisions of average Americans. Don't act like this guy is an idiot because what he is saying about rates is bascialy true.

[snowangel0345]

hahah what a loser.

[Nocker40]

..ok i just started taking macroeconomics 3 weeks ago, and i understand the economy better than he does

[crowndwner]

Someone shoot him in the face with a bazooka...

[genyav]

Man, I want this guys job. Lower rates, create hyperinflation but keep cheap lending. We're now feeling the effects of rates being too low for too long. Can't believe the Fed left them alone last time. When will they admit inflation is here now! Normally I stand by the Fed but this is nutty.

[ipbalkenende]

? Inflation has been at record lows for over a year now. Signs of inflation wouldn't be a bad thing right now. It's just the Taylor rule they're following.

[limingilimingi85719]

yes but greenspawn?

[drjareed]

What is particularly scary is that clowns like this actually have jobs in capital markets.

At least he's honest about not understanding. He will, I am sure, when the empirical evidence of the effects on the $ and imports (oil, food) etc hit him negatively in his broker's fees. Moron.

[okiedokies]

Thats why the stockmarkets go all over the place, there simply is no fundamental analysis going on. I know someone who got a PHD scholorship at MIT in Finance (Mathematics) and he's a pure chartist. America needs more long term strategy and the warren buffet mentality if it is not going to go down the toilet. China is making strategic plays by going into Africa and South America with long term resource deals.. Is the US? No. The future is a Resource war.

[jacobtober]

"China is making strategic plays by going into Africa and South America with long term resource deals.. Is the US? No. The future is a Resource war."

all of history is a resource war!

[94564321]

That sort of short-sighted analysis can be detrimental.. We need more people in this world who can see the whole picture in economics.

[arnejess]

Goodbye Dollar..

[RonPaulClips]

They have NO CLUE as to what is going on and the heavy price we're all going to pay.