Ed Storms wrote:
> Thanks Mark. Their view of reality differs significantly from what the > people I read describe. I tend to believe my people because they > predicted the 2008 collapse while Krugman did not. . . . Krugman did predict it, and warned against it several times. Such as here, in 2005: http://www.nytimes.com/2005/05/27/opinion/27krugman.html?_r=0 He repeatedly described the banks' investments in real estate as junk. > In fact the > difference is frightening similar to that earlier. Krugman sees no > problem with the status quo while the people I read are in a panic. Wrong again. He is very much against the status quo. He is not in a panic for the same reason I am not, and my mother would not be. It is a personality thing. We don't get into a tizzy, perhaps even when we should. Case in point: my mother was riding a trolley car past the Blair House on November 1, 1950. President Truman was living there while the White House was being rebuilt. There was a series of loud bangs. Someone said, "they're trying to assassinate the president!!" My mother said, "don't be silly; it is just a car backfiring" and went back to her newspaper. It turned out someone was trying to assassinate the president. - Jed
