Users Online Now:
1,740
(
Who's On?
)
Visitors Today:
649,259
Pageviews Today:
851,637
Threads Today:
237
Posts Today:
3,399
07:28 AM
Directory
Adv. Search
Topics
Forum
Back to Forum
Back to Thread
REPLY TO THREAD
Subject
WTF !!! EXPERT: "I WOULD RECOMMEND YOU PANIC" (OVER THE EUROPEAN DEBT CRISIS)
User Name
Font color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Indigo
Violet
Black
Font:
Default
Verdana
Tahoma
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 968146:MV8xMDgyMTY1XzE3MjE5ODk2X0UwMTNGREZE] [quote:Anonymous Coward 687593] Buy a motorcycle for your money and have some fun. That's what I do. [/quote] :bump: [/quote]
Original Message
[
link to seekingalpha.com
]
Hendry: 'I Would Recommend You Panic'
In this widely watched BBC video, Hugh Hendry of hedge fund Eclectica Management recommends the world panic over the ongoing European debt crisis and then the group debates whether perpetual bailouts and a much longer slowdown are preferable to a real purging of the system and a much shorter recession that would also see major reforms.
At about the 3 minute mark, you’ll hear Hendry call for the system to be purged,
Let’s take on a recession. It’s going to be tough. People are going to lose their jobs. They’re going to lose their jobs anyway. We can spread this over 20 years or we can get rid of it over 3 years.
It is somewhat bothersome (to me at least) that most mainstream economists – like Jeffrey Sachs in this clip – just dismiss this sort of talk out of hand, giving little of no consideration to the idea that there are fundamental flaws in the current system that can not be fixed
Pictures (click to insert)
General
Politics
Bananas
People
Potentially Offensive
Emotions
Big Round Smilies
Aliens and Space
Friendship & Love
Textual
Doom
Misc Small Smilies
Religion
Love
Random
View All Categories
|
Next Page >>