Thursday, April 29, 2010

Sell America Short

"Strictly looking at the monthly Treasury statement of receipts and outlays, as an 'investor,' you see a company you might want to short," says Michael Burry, "the investment guru who predicted Wall Street's meltdown and made millions by placing bets against (or 'shorting') the financial sector," quoted by Joel Achenbach — The national debt and Washington's deficit of will.

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4 Comments:

Anonymous Steven P. Cornett said...

It sounds like a pseudo-conservative catchphrase to intimidate the conservative into doing precisely that thing as to, ironically, not appear "close-minded." Of course, when that happens, they risk their brains falling out. ;-)

I found this paragraph especially rang with phoniness.

As a result, he complained, many conservatives have developed a distorted sense of priorities and a tendency to engage in fantasy, like the belief that President Obama was not born in the United States or that the health care bill proposed establishing “death panels.”

Or, I imagine, that the Ten Amendment actually means anything.

Interesting thing about both of these "fantasies" is that they were promoted by the left. It was the mainstream secularist magazines that I saw promoting medical rationing even while telling us we were full of it on "death panels." And the author's lack of knowledge on the issue (compared to Jack Krugman?) can't be an excuse since the article appears in the NYT on April 27, 2010.

As for the "birther fantasy" the last person to suggest Obama isn't "all American" was...his own wife! Michelle, just a couple of weeks ago made reference to Kenya as Obama's "home country" in a speech to an activist group.

7:56 PM  
Anonymous love the girls said...

Michael Burry is just another part of the problem. People making money producing nothing but pushing paper around.

Lending money which in turn is used to produce hard goods and services are one thing, living as a parasite as Michael Burry, and the typical paper pusher does, is another.

9:29 PM  
Blogger Procopius said...

LTG

Does your opprobrium extend to retail merchants and real-estate agents as well. There is in a very real sense, a market for knowledge.

7:01 AM  
Anonymous love the girls said...

Procopius writes : "Does your opprobrium extend to retail merchants and real-estate agents as well."

No.

_______________
Procopius writes : "There is in a very real sense, a market for knowledge."

Not all knowledge is equal. Some, such as Michael Burry's is the knowledge of a parasite which lives off the blood of others. While the knowledge of a physician is that of a problem solving healer who cures the blood of others.

12:07 PM  

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