In Today's Round Of "Guess The Macrosievert Emission" We Have Fred "Napoleon Dynamite" Mishkin

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Mon, 03/28/2011 - 17:54 | 1110364 SilverIsKing
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And I always referred to him as Fred "The Idiot" Mishkin.  Who knew?

Mon, 03/28/2011 - 18:31 | 1110492 weinerdog43
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Prescient and correct.  Well done!

Mon, 03/28/2011 - 18:57 | 1110564 Haywood Jablowme
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OT: blackout on the rally going on in Los Angeles.  Amazing how I need to watch Russia Times just so I can see what's going on in this crap state.

LA Rally


Tue, 03/29/2011 - 03:20 | 1111858 Shylockracy
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Hava nagila

Hava nagila

Hava nagila venismechah!

Tue, 03/29/2011 - 07:07 | 1111982 Thomas
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I've seen him worse. With that said, the volatile price of oil is up tenfold in a dozen years. I wonder when it is going to fluctuate back down to $10 per barrel.

Mon, 03/28/2011 - 19:21 | 1110639 bania
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Vote for POMO and all your wildest dreams will come true.

Mon, 03/28/2011 - 22:08 | 1111249 YouBetYourLife
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More like a clown.  Put a big red nose on him and be done with it, already.

Mon, 03/28/2011 - 17:54 | 1110371 israhole
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Mon, 03/28/2011 - 18:14 | 1110446 zeusman
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Ahh, Is the Jew holding you down?   It is always nice to have someone to blame for shortcomings, No?

Mon, 03/28/2011 - 19:08 | 1110614 Id fight Gandhi
Id fight Gandhi's picture

Why are there so many Jewish running the fed and banks? Is that a job requirement?

Mon, 03/28/2011 - 19:58 | 1110755 flacon
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I am starting to believe that these bankers (and yes, most are 'jewish') believe that they can create something out of nothing. My 5 year old son brought home a book from kindergarten about a kid how had a jacket and it kept on shrinking out of wear... until the point when it was all gone - completely gone. The kicker of the book was "so we can see that we can create something out of nothing since you are reading this book". 


Pretty astounding... glad I didn't pay the two cents for that book. 



Mon, 03/28/2011 - 20:16 | 1110833 MsCreant
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Tax dollars or tuition, you paid.

Mon, 03/28/2011 - 19:11 | 1110620 SilverIsKing
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He blames the mohel for his shortcomings.  He snipped off a bit too much.

Tue, 03/29/2011 - 01:19 | 1111681 GoinFawr
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Hey zeusman, does the following mean anything to you?

"We'll make a pastrami sandwich of them. We'll insert a strip of Jewish settlement in between the Palestinians, and then another strip of Jewish settlement, right across the West Bank, so that in 25 years time, neither the United Nations, nor the United States, nobody will be able to tear it apart."-Ariel Sharon, 1973

Hey, don't look at me, look at a map. I recommend starting in 1946 and finishing today. Guy's a 'man of his word', I'll give him that.

"Everybody has to move, run and grab as many hilltops as they can...everything we don't grab will go to them."-Ariel Sharon,1998

As for the religion thing; well, I can't really say. I do find the whole 'Abrahamic Trilogy' to be quite the disgusting blight on the face of humanity, to be quite honest. Woefully outdated, to say the least. We'd probably be better off if the whole lot of them worshipped Dumbledore or Mithrandir, IMHO.  I mean, don't get me wrong, I enjoyed the 'magic', sex, and violent excitement of the first two books as much as anyone, but you'll have to admit that the New Testament is a bit dry, in English anyway.

I like the secular humanist side of the faiths certainly, it's just too bad that religious wingnuts are so conditioned to ignore it in the dubious spirit of 'higher purpose' ; or should that be 'holier than thou-est'?

Marcus Brigstocke puts a fine point on it:


Mon, 03/28/2011 - 18:23 | 1110470 Careless Whisper
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this guy gives all the otha ten dolla hos a bad name.



Mon, 03/28/2011 - 19:23 | 1110646 Andy Lewis
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Just to let you know, fuckface, I didn't junk your comment.  It's your handle. 

Mon, 03/28/2011 - 17:56 | 1110374 akak
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The problem is that forecasting is a tough business and that you always don't get it right."   


Yeah, being an economic central planner along the lines of a Soviet Union commissar tends to have that effect.

Apparently, though, telling the truth is even tougher business--- and Mishkin gets it right even less.

Mon, 03/28/2011 - 23:27 | 1111506 web bot
Mon, 03/28/2011 - 17:55 | 1110377 ziggy59
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well the half life of saintbartium or southamptonium is about 25 yrs..thats about the time takes for BS to decompose to half its mass.

Mon, 03/28/2011 - 17:56 | 1110383 Dr. Kenneth Noi...
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Dude was _HILARIOUS_ in _Inside Job_.

I don't think he intended to be though.

Mon, 03/28/2011 - 18:18 | 1110458 TuffsNotEnuff
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Bingo !

Mon, 03/28/2011 - 19:02 | 1110587 Bastiat
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Yes!  I actually bought that DVD so I could lend it to as many people as possible.

Mon, 03/28/2011 - 19:04 | 1110599 SwingForce
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I  threw my black jujifruits at the screen everytime that douchebag came on. 

And I licked them first so they would stick ha ha !

Mon, 03/28/2011 - 18:01 | 1110398 alien-IQ
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I'm willing to bet that Mishkin and the Bernank have in fact gone down on each other on more than one occasion.

Mon, 03/28/2011 - 18:01 | 1110400 TruthInSunshine
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Mishkin is a real dirtbag and traitor to the United States.


Everyone hates you filthy bankers, NWO and CFR types, Mishkin. It was just a matter of time before the sleeping giant awoke. Did your filthy ilk really never consider that this time would come?

Mon, 03/28/2011 - 18:04 | 1110406 Conrad Murray
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Don't forget to leave bad ratings and funny comments on this video. Here's the youtube link

Mon, 03/28/2011 - 18:05 | 1110415 Biff Malibu
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I have a new hobby.  I go to drudge report, click on just about any article.  Go into the comments section and start making inflammatory remarks contrary to the views of the people in the article.  It's a good way to pass the time watching a market waiting for it to die. 



Mon, 03/28/2011 - 18:52 | 1110552 Convolved Man
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Leave Mish' McFly alone.

He's been to the past and the future.

He just has a problem describing what he's seen.

Mon, 03/28/2011 - 18:06 | 1110421 Rick64
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 Congratulations on his new textbook? Serious math in it as well as policy? Are you fucking serious? This is what is wrong, failures such as Mishkin are elevated despite their failures, because of their reliability to support the status quo rather than buck it. Example after example of this Geithner, Larry Summers, ect... This moron is writing textbooks instead of someone with integrity.

Mon, 03/28/2011 - 18:28 | 1110484 Cow
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and where are they ultimately elevated to?  Why teaching in college to little schmos that don't know any different.

Mishkin is a full professor at Columbia Business School where he can wax eloquent on policies that don't work.

I can just hear him now talking down to all of the students. "Do you know who I am?"

Mon, 03/28/2011 - 19:08 | 1110608 MsCreant
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Hacks do textbooks. If you are well known, getting ready to retire, maybe an okay project to undertake because you really want to see it done right. But generally, at evaluation time, chairs could give a shit if you did a textbook. It has been the death knell of many a career. Meanwhile it is downright weird to be plugging your new "textbook" on a news show.

Mon, 03/28/2011 - 19:21 | 1110647 davepowers
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well hacks have found a gold mine then

I just paid $122 for a first year Spanish text for a daughter. It was pretty slim too.

I guess they're making new discoveries in elementary Spanish all the time.

Don't get me started on the price of used, dog earred marked up paper backs at the student book store. 

Mon, 03/28/2011 - 19:35 | 1110687 MsCreant
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I feel you. I almost never use text books. I have all my materials on line for one of my classes (no books to buy at all) and some of them on line for the other. I have written a lot of stuff and they get "journal articles" from JSTOR.

Some faculty are moving to E-texts ($40 a pop with a lot of interactive stuff for the students).

Foreign language is required, that is too bad about the prices. Some are worse than $120. The authors hardly make any royalties off of these, FWIW.

Mon, 03/28/2011 - 19:54 | 1110749 AhhhItBurns
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I hope you don't have to put up with the scam of "Custom Edition for XYZ University". That pissed me off to no avail, especially when I figured out the page content is the same and only the covers are swapped out.

The departments who assign these books are often complacent, especially if there are grants handed down by the publisher (oooh lala, money out of thin air!) and then the department will shriek ask for more. The ebook market can be a problem as well, because some of the sleazy companies will kill off access after a semester ends. No resale market, just the way they like it.

Oh well, textbooks are only one of the many issues on the plate of many colleges now.

Mon, 03/28/2011 - 19:47 | 1110724 Withdrawn Sanction
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That's an insult to hacks.  Mishkin took his tired Money & Banking text, added some IS-LM antiques and few AS/AD diagrams, used them to "explain" the crisis, and voila, a "new" Macro Theory textbook for the ages.  It's a POS, just like its author.

Mon, 03/28/2011 - 20:57 | 1110981 Rick64
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Whether hacks do  textbooks or not, His textbook "Economics, Banking, and Financial Markets" will brainwash many college students with faulty monetary theories. He has no integrity yet he is trusted with writing a textbook. He would hardly be considered a hack with the positions that he has held.

Mon, 03/28/2011 - 19:10 | 1110613 dcb
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very insightfull comment. I am always amazed how we keep trotting out our failures and put them in policy positions. Guess it shows the real reason tfor being there is to be able to turn a blind eye to banks stealing from us and going along with the program.

Mon, 03/28/2011 - 18:08 | 1110431 jimijon
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Great lede.. had me rolling in laughter

Mon, 03/28/2011 - 18:18 | 1110452 spekulatn
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Agreed jimijon. Well done Tyler.

Mon, 03/28/2011 - 18:18 | 1110441 G-R-U-N-T
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-Tricky Ricky....

Mon, 03/28/2011 - 18:19 | 1110456 mick_richfield
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I think this guy should get a Nobel Prize in physics.

Then we can have him, Krugman, and Obama -- let's have like a new Mount Rushmore or something.  Made of shit.


Fed delenda est.

Mon, 03/28/2011 - 18:34 | 1110503 Jay Gould Esq.
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A capital idea.

Chiseled out of solid Milorganite.

Mon, 03/28/2011 - 18:44 | 1110519 barkster
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or fecesium

Mon, 03/28/2011 - 18:18 | 1110459 Haywood Jablowme
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Time for another episode of "Rex Kwon Do!"

Lesson 1


Mon, 03/28/2011 - 18:20 | 1110460 rookie
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Completely OT but has anyone seen Johnny Depp's "Rango"?  I took the kids this weekend having no idea what it was about.  Nice allegory for our times. . . lots of ZH themes. . .power, corruption, whoever controls the "water" (money) controls everything, sheeple toiling away, sheriff appointed by tptb to give hope to the peeps . . .must have been written by a ZHer. . .too bad the ideas can only be written in a kid's animated movie.  :)

Mon, 03/28/2011 - 18:24 | 1110463 Seasmoke
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@ 2:28....he ALMOST said it wasnt enough to keep us out of a DEPRESSION !

Mon, 03/28/2011 - 18:21 | 1110467 Jerry Maguire
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Does this guy tell the truth?  Does the media?

"Anonymous" supposedly called for an "Empire State Rebellion" that was set to begin today, or maybe not.  I thought not, since I didn't see a single news report about it, but then Russian TV has a story:

So is there something going on, or not?  Anyone?


Mon, 03/28/2011 - 18:23 | 1110468 Bay of Pigs
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Talk in circles, smile and lie through your teeth. 

Nice try Comrade Mishkin.

Mon, 03/28/2011 - 18:23 | 1110469 Irwin Fletcher
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Aside from the sickening Krugman pandering, which I'm not convinced was unsarcastic given his arguments against Krugman (really, how many other economists could possibly actually like the guy?), and aside from his obvious whoring which is not unique in his profession, he makes a few good points: people won't ignore QE and the consumer is in trouble. 

And he makes a few good points disguised as bad points, like in the US, headline inflation is trending toward core. That one could be spun positively, but I'm not convinced that's his intent here. It can also mean that the cost of 'core' goods is catching up to the cost of raw materials inputs including food and energy (c.f. iPads).   

The last quote Tyler highlights, where forecasting is a tough business and that you always don't get it right, also could be a shot at Krugman. He seems to be saying that then in 2007, relative to now, our production capacity was greater and jumping the gun on the crisis vial massive easing resulted in the export of that capacity, which was the thing that wasn't gotten right.

I don't know this guy, and I'm skeptical of his good intentions, but I'm not sure these clips suffice to bring his reputation below the average of his profession.

Mon, 03/28/2011 - 18:24 | 1110473 bob_dabolina
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No fuckin' way. I found Mishkins identical brother which about the same level of education to boot.

Tell me they don't look alike. Throw some glasses on this guy, bada bing, bada boom.

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