Quote:
Originally Posted by Brons
Why is Schiff right on the fundamentals? And why is he more right than other economists? Is this based on something or just your bias towards him?
Let me put it this way.
Without ever studying any economics
whatsoever, I had in my own head come up with certain very basic fundamentals. I mean 2+2=4 kind of fundamentals, really obvious stuff. Now recently I have started checking out what economists do say, and most often I find they
simply don't make sense from these basic fundamentals. It just doesn't add up. Their 2+2 equals 3 or 5.
Now obviously I assumed that it's my fault, that I'm just clueless and don't understand. But then along comes Schiff, and suddenly everything makes
perfect sense. He has the
exact same fundamentals that I came up with in my own head with zero influence. Furthermore, he has the
exact same complaints about mainstream economists that I felt too incompetent to make myself, and it becomes apparent why mainstream economists would make such a blunder. Because remember, they do make blunders on a regular basis. That majority of economists are clueless, is a fact. The question is, is Schiff clueless as well, or did he just get lucky.
Is that bias? Meh, I don't think so. I'm even kind of embarrassed that I agree with Schiff so much because he seems like a bit of a pompous dick.
I assume that there are much better economists out there than Schiff, and finding them is the point of all these posts. But I anticipate they have WAY more in common with Schiff than with majority of economists, that's why I started to talk about him.
Quote:
Originally Posted by Brons
I don't think there are any real economists who can be taken seriously that use Youtube to sell their stuff, so I don't think there is anyone that would interest you.
What does youtube have to do with it? I'm just asking for people who start with fundamentals. People whose fundamentals are not in their entirety composed of "you need to encourage consumption" (WTF!!!).
Yeah, actually that was one guy that I was keeping an eye on. But from him I'm mostly finding discussions about short-term without really touching the big picture and fundamentals. I can't really follow his thought process without seeing those first. Can anyone link to something where he talks about the really basic fundamentals a lot?
EDIT: Is Rogers saying that it's still worth it to buy gold or silver as well? I'd feel
really stupid buying something when it is near all-time high and everyone is saying buy it lol, can't believe it when these guys both are still recommending it, we must be in deep **** then.
Last edited by Vantek; 12-29-2010 at 05:08 AM.