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Though in fairness the markets are rallying.....
A dead cat bounce perhaps.
The Morning Careless Whisper Report
Chinese Make Fun Of US Ambassador For Using Discount Voucher At Starbucks
A Day In The Life Of Detroit: 16 Shot 7 Dead
Prince Charles Flaunts Royal Farm
Happy Aniversary! Nixon Takes USA Off Gold Standard 40 Years Ago
Profiles In Courage: Nancy Wake Dead At 98; Most Decorated WWII Woman Spy
Southern Border Wide Open; Customs Agents Patrol Busses In Florida
New Used Car Search Plots Price/Mileage On X Y Axis
Patrick Schwarzenegger Tries Modeling; Natural Look, No Steroids
Hahahaha! Thanks for the chuckle Freewheeler.
Though it's beginning to fail me why anyone would bother anymore to go through the ordeal and effort of spreading open their interweb hole as wide as this site now requires so that Tylers can stuff cookies up it in order to log on to ZH in order to leave a comment that will be 'archived' in about twenty minutes.
Anyway, thanks again for the ingrin.
by Freewheelin Franklinon Mon, 08/15/2011 - 09:49#1561285
Krugman calls for space aliens to fix U.S. economy.
I appreciate you linking that video of a clearly strung out, jonesing Krugman, and I just want to ask anyone and everyone here:
Isn't this pretty much the open and shut case that a) Krugman has lost his freaking mind, and gone off the deep end, and b) More generally speaking, Keynesians are out of even bad ideas (based on a bad underlying dogma) that can be spun to sound at least plausibly rational?
Ya' all ready for this?
John Maynard Keynes is DEAD.
There is no way the SNB can hold a peg against the Euro - they will be deservedly overwhelmed by the markets, as they always are when they try to manipulate the franc. The Japanese have been trying for years to suppress the Yen, to no avail. It's always a waste. Want to increase exports? Lower your costs, Switzerland, starting with your ridiculous wages: CHF 3800/m as a minimum? Are you kidding? 0.70/liter gasoline tax? C'mon, get cutting.
This is not to say the franc can't fall on its own - that actually seems likely since it's way overbought and most traders are very bullish - but the SNB deserves no credit, and should be shut down just like the Fed for wasting the nation's resources.
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