Watch Rosenberg And Krugman Debate Larry Summers and Ian Bremmer On Whether The US Is - News and Current Events | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events

Watch Rosenberg And Krugman Debate Larry Summers and Ian Bremmer On Whether The US Is
Started:November 14th, 2011 (11:40 PM) by Quick Summary Views / Replies:596 / 0
Last Reply:November 14th, 2011 (11:40 PM) Attachments:0

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Watch Rosenberg And Krugman Debate Larry Summers and Ian Bremmer On Whether The US Is

Old November 14th, 2011, 11:40 PM   #1 (permalink)
Quick Summary
Watch Rosenberg And Krugman Debate Larry Summers and Ian Bremmer On Whether The US Is

Minutes ago, the always delightful Munk Debate on the American economy concluded, which pitted two skeptics: David Rosenberg and (yes, he is a skeptic when it comes to his belief in the "proper" implementation of Keynesianism) Paul Krugman on the one hand defending the null motion of the debate, against Larry "Warren (watch the clip)" Summers, best known for destroying capitalism, and Ian Bremmer. The core debate topic was as follows: "North America faces a Japan style era of high unemployment and slow growth an accurate forecast of the future." Naturally, as Krugman immediately explained, by North America the organizers mean the US, simply because Canada is too small and hasn't screwed up enough (we would add that the screw up has not been perceived yet: everyone has screwed up, but luckily we have enough distractions for the time being). Either way, the progression of the debate should not come as a surprise to most, neither how each particular economist will perform: that Rosie sees Japan in every aspect of the US should not surprise anyone; that Krugman does too unless the politicians agree to being invaded by aliens, is also to be expected. On the other side, "Warren" Summers' argument can be simplified to his fallback motto of Keynesianism and Central Planning 101 in which he believes that the printing of money and job creation are sufficient to fix all US problems. No surprise there either: after all this is the man who three weeks ago said: "The central irony of financial crisis is that while it is caused by too much confidence, too much borrowing and lending and too much spending, it can only be resolved with more confidence, more borrowing and lending, and more spending."

So while certainly an interesting way to spend 90 minutes, we urge readers not to expect any preconceptions to be overturned (possibly quite the opposite). If anything, we urge readers to fast forward to 34 minutes into the clip to listen to Larry Summers' prepared remarks to realize the unprecedented degree of delusion that is being exhibited by the man who was Obama's right hand advisor during the key period in the "rebound" from 2009 to 2010. It is no wonder that the US economy is now in a worse condition than ever, and flirts with complete socio-economical collapse on a daily basis (as does Europe and the rest of the "developed" world) only to be pulled back from the abyss by the latest and greatest monetary and fiscal stimulus. Because should the methadone be taken away, the addict will die on the spot.

The supreme irony of course is that for the grand reset to finally occur, what we need is not one or two more "Summerses", but a countless army of such delusional lunatics whose idiotic actions will finally destroy this country, ushering in a new and better age where we can finally restart from scratch.

Watch the full debate below. It begins roughly 17 minutes in.

munkdebates on Broadcast Live Free

More on ZeroHedge...

Reply to share your thoughts on this current event.


Reply > Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events > Watch Rosenberg And Krugman Debate Larry Summers and Ian Bremmer On Whether The US Is

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
Larry Williams Idea Kush NinjaTrader Programming 19 February 4th, 2015 02:10 PM
David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... Quick Summary News and Current Events 1 November 12th, 2011 09:00 AM
Geithner to Consider Leaving After Debt Debate kbit News and Current Events 1 June 30th, 2011 07:46 PM
BlackRock's Larry Fink Wants to Be 100% in Stocks Quick Summary News and Current Events 3 June 29th, 2011 09:20 AM

All times are GMT -4. The time now is 03:41 AM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-26 in 0.05 seconds with 19 queries on phoenix via your IP