For those of you out there following my All-Imbecile Team I truly appreciate your input and suggestions. There have been some interesting names submitted. I would counsel any out there to remember that you must supply the accompanying background info such as moronic quotes, imbecilic anecdotes for your submission to be included for consideration.
As an update our current All-Imbecile Team members are:
Ken Rosen from Cal-Berkeley,
Roger Farmer from UCLA and
Alicia Munnell from Boston College.
So now today I must officially add Paul Krugman to this All-Imbecile squad.
Now on any other team Krugman would be hands down the captain but he has some serious competition for that title on this outfit. Recently Krugman came out with a piece in the NY Times called Now and Later.
Now normally if a freshman economics major wrote a piece like this he/she would be thrown out on their ass, lucky to be able to transfer into the basket-weaving program but not with Krugman. No, instead, the Times gives him a platform to spout his brand of Keynesian, spend, spend, spend, idiocy.
Go ahead, read his article but please do so on an empty stomach. In this way you will avoid a bloody mess on your hands after you read it and you will also clearly understand why our nation finds itself in the pickle it is in. A room temp IQ can figure out if you ran your business or household in the fashion Krugman suggests you would find yourself bankrupt but if you run the government this way you get promoted.
Whenever you want to flush out your arteries read this article or for that matter any other article by Krugman. There are not enough derogatory adjectives to describe Krugman's idiocy. Let's just add him to the All-Imbecile team and be done with it, content to know he is a perennial member.
Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $19.34
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