Comments on: That’s quite embarrassing http://ultimibarbarorum.com/2008/11/14/thats-quite-embarrassing/ You are the ultimate barbarians Thu, 11 Mar 2010 06:16:36 +0000 http://wordpress.com/ hourly 1 By: Slumlord http://ultimibarbarorum.com/2008/11/14/thats-quite-embarrassing/#comment-2349 Slumlord Mon, 17 Nov 2008 20:43:01 +0000 http://ultimibarbarorum.wordpress.com/?p=266#comment-2349 <i>What is it that creates the deafness to the Cassandras?</i> Hubris. Baruch, its all about image isn't it? Not what it is, just how it looks. When a lunatic tells me that the house is on fire, I give him the courtesy of checking. What is it that creates the deafness to the Cassandras?

Hubris.

Baruch, its all about image isn’t it? Not what it is, just how it looks. When a lunatic tells me that the house is on fire, I give him the courtesy of checking.

]]> By: baruch http://ultimibarbarorum.com/2008/11/14/thats-quite-embarrassing/#comment-2348 baruch Mon, 17 Nov 2008 16:58:40 +0000 http://ultimibarbarorum.wordpress.com/?p=266#comment-2348 probably because they looked and sounded like loonies probably because they looked and sounded like loonies

]]> By: Graham Cox http://ultimibarbarorum.com/2008/11/14/thats-quite-embarrassing/#comment-2347 Graham Cox Mon, 17 Nov 2008 15:43:19 +0000 http://ultimibarbarorum.wordpress.com/?p=266#comment-2347 Schiff is some kind of hero and gets the message out despite the trivial time allocation. He has to act tough in the face of the people they have on and the style of 'discussions' on Fox/ CNBC. The big issue of the last few years is why weren't the policy makers and heads of industry listening to Schiff/ Nouriel and others. It is not the their economics which was spot on: unlike the poor forecasting teams at the central banks. The $ 64 Tr. question then is. What is it that creates the deafness to the Cassandras? Schiff is some kind of hero and gets the message out despite the trivial time allocation. He has to act tough in the face of the people they have on and the style of ‘discussions’ on Fox/ CNBC.

The big issue of the last few years is why weren’t the policy makers and heads of industry listening to Schiff/ Nouriel and others. It is not the their economics which was spot on: unlike the poor forecasting teams at the central banks.

The $ 64 Tr. question then is. What is it that creates the deafness to the Cassandras?

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