Comments on: Twenty Comments on the Current Economic Scene http://alephblog.com/2008/12/18/twenty-comments-on-the-current-economic-scene/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Tue, 16 Mar 2010 21:21:52 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Steve Milos http://alephblog.com/2008/12/18/twenty-comments-on-the-current-economic-scene/comment-page-1/#comment-20443 Steve Milos Sat, 20 Dec 2008 23:56:42 +0000 http://alephblog.com/?p=1271#comment-20443 Hi David, In case you haven't read it yet, I think you'd enjoy Thomas Donlan's editorial in Barron's today. He covered many of the same points that you've been mentioning. Hope things are well, Steve Hi David,

In case you haven’t read it yet, I think you’d enjoy Thomas Donlan’s editorial in Barron’s today. He covered many of the same points that you’ve been mentioning.

Hope things are well,

Steve

]]> By: rich t http://alephblog.com/2008/12/18/twenty-comments-on-the-current-economic-scene/comment-page-1/#comment-20433 rich t Thu, 18 Dec 2008 17:31:38 +0000 http://alephblog.com/?p=1271#comment-20433 Piece of trivia about item 18, the WSJ article on boosting the housing market. One of the co-authors, Chris Mayer, was a vocal bubble denyer. At the very peak of the bubble in late 2005, he co-authored a WSJ piece dismissing as "chicken littles" those who thought that home prices might fall. Link here: http://real.wharton.upenn.edu/~sinai/papers/WSJ_Bubble_Trouble.pdf I guess I have two points here: 1. It is one of my pet peeves that the MSM never seems to hold anyone accountable... as long as you have a "name" or credential, you can be consistently wrong and the MSM will still keep coming back and asking your opinion (without ever referring back to past wrongness). 2. In this particular case, why would we expect someone who was totally blindsided by this crisis (and even denied it was a possibility) to now know how to get us out of it? rich Piece of trivia about item 18, the WSJ article on boosting the housing market. One of the co-authors, Chris Mayer, was a vocal bubble denyer. At the very peak of the bubble in late 2005, he co-authored a WSJ piece dismissing as “chicken littles” those who thought that home prices might fall. Link here: http://real.wharton.upenn.edu/~sinai/papers/WSJ_Bubble_Trouble.pdf

I guess I have two points here:

1. It is one of my pet peeves that the MSM never seems to hold anyone accountable… as long as you have a “name” or credential, you can be consistently wrong and the MSM will still keep coming back and asking your opinion (without ever referring back to past wrongness).

2. In this particular case, why would we expect someone who was totally blindsided by this crisis (and even denied it was a possibility) to now know how to get us out of it?

rich

]]>