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Originally Posted by DustinG
Roubini's good. Marc Faber's better. You can probably dig out the barrons' round tables which has faber in most years, but he's an awesome read. It's easy to be right after the event, somewhat harder to be right before the event, but what impresses me the most is the people who actually backed their conviction with their savings, and reap the rewards.
Also, there have been a lot of keynesian quotes dug out of the woodwork of late, but i 'm surprised that the following (churchill?) quote has not been seen, which i think is probably the most apposite description of the moment:
Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.
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Perhaps a better question then is: how is the center defined and why is it defined the way that it is?
A bit less top-down and a bit more bottom up - the political parties tend to pitch themselves where they will find as much support as they can (i.e. roughly where (they think that) most people's views are, and the centre gets defined as between those positions.