Sunday, June 13, 2010
"The 'Discrimen' Of Change"
Here's a comparison of Roman times to our present day economy.
Ugh, oh! Rome fell, didn't it?...
Ugh, oh! Rome fell, didn't it?...
Keith McCullough says "it isn't working", and writes at BusinessInsider.com:
"What would be my approach to fixing this mess?
1. First, stop. Just stop what we are doing with this Bernanke-Geithner/Keynes/Japan experiment.
2. Then, start over. Start empowering new/competing risk management strategies. Start by respecting the cost of capital and future liabilities.
3. Finally, plan on changing this plan if it’s not working.
I have been promoting this Bull vs. Bear debate for the last few months because we need a Forum of Transparency & Accountability where we can settle this score once and for all. There will be winners. There will be losers. There will be no more finger pointing by losers who won’t accept change.
This isn’t about egos. This isn’t about me turning into some broken clock perpetual bear either. This is all about finding a better way – a way that works. The market isn’t lying; politicians and people are."
