Newsnight 26th May, Hugh Hendry 'I would recommend you panic'
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Jeffry Sachs will one day become a Fed chairman.
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Official panic date is the Greek debt roll over in March 20th and from what I've been reading nothing has been resolved. However, it is before that date when we really see things happening as a flurry of activity is occurring. Next big event after Greece? Spain? Portugal? Ireland? Just need one to start the waterfall before hitting Italy.
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To elaborate, I've known a lot of people who attempt to predict economic futures. I know some who have degrees in econ who are complete idiots, while I know some people without a single economics degree who know much more about economics than the economics majors!
What I'm saying is (with all due respect), please, for your own sake, remove your cranium from its current position somewhere jammed up your rectum, and actually look at who has been right - Hendry or Sachs?
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Like Mr. Sachs, I think you're confusing spending a shit-ton of money on college courses with actually understanding a damn thing about economics. Of course, I don't intend to say higher education is a scam -- on the contrary, it is highly useful. However, I don't think receiving a Master's degree in Econ suddenly makes you Mr. Brilliant on economic matters. More likely, it makes you more apt to use economic models over your own common sense.
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Ok you have the credentials to spend us into oblivion great !
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This vid went viral on Tokyo
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@TehFlamingLipz excuse me........ but i do believe that you do not know what the fuck youre talking about.... you took one course ? which one was that intro or int macro ? guess what, i took them and the advanced level econ econometrics courses and now im doing a masters in econ and i can attest to you not knowing what the fuck you are talking about. Also seeing how a person can take one course in econ and having him believe he now has a valid opinion on the topic is greatly unsettling.
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MY BIRTHDAY XD !!!!!!!!!!!!!!!
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Can I just make a point, this is a year old, a fucking year, and this argument is still relevant NOTHING has changed over that year other than we're in a heap load of new debt.
IsItRepeatable 8 months ago 7
The academic, the politician, and the actual buisinessman, for all to see. This is what they teach in Ivy league schools and colleges across the nation. I attended a state college and took a macro economics course and can attest to it being one drawn out Kenyesian propaganda crash course. It was truely an unsettling experience and left me wondering about the whole, "spending shit-ton of money on college thing". Fucking wankers
TehFlamingLipz 10 months ago 7