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Mish
October 23rd, 2008

Outside the driveway at the lake is a one mile circular drive that services all of the residents in our little area. We call it, cleverly, The Loop, and when my brother-in-law Bill is up we will often go for a walk after dinner. Bill is a business programmer which I suspect means he earns the big bucks but it also means that we often talk a bit of shop while the sun goes down and the insects start to serenade. Bill also talks about a financial blog that he reads by a guy named Mike Shedlock, AKA Mish. I had never gotten around to reading it until my father-in-law Pete sent over a link earlier this week. Mish has some good things to say, especially in this rather interesting financial period we find ourselves in. Here's an excerpt:

Is there a Keynesian on the planet who can think more than one second ahead?

Paulson and the Keynesian fools want banks to lend. For what? What is it we need more of? Houses? Condos? Pizza Huts? Home Depots? Lowes? Nail salons? Strip Malls? Walmarts? And if by some miracle banks did lend that money and new stores were built, who is there to buy? What would happen then? Is the amount of money that can be thrown at problem unlimited? What about the problems that will create? Can problems be postponed forever? Is there a Keynesian on the planet who can think more than one second ahead?

If you enjoyed that as much as I did (love the line about what is it that we need more of) then there's lots more here: Mish's blog.

Enjoy,
L

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