Oso planning to go pro
Yes Paul was the only one back in March of 2020 who made incredibly bad predictions.
Paul Tudor Jones must be the stupidest man in the world.*Billionaire investor Paul Tudor Jones on Thursday said that America will beat the deadly coronavirus pandemic, while sharing his own personal narrative, noting that his daughter contracted the illness recently and has since recovered. “I don’t think we need to panic,” he said. By his own estimates, Jones speculated that the disease could infect one million people in the U.S. in a worst-case scenario and applying a 4% mortality rate—far greater than most epidemiologist are assigning to the disease—roughly 40,000 people would die due to the deadly pathogen. He said that although he believes such losses would be tragic, he compared that to lives lost during a bad influenza seasonhttps://www.marketwatch.com/story/man-who-called-1987-crash-says-be-careful-not-to-mythologize-coronavirus-into-a-pandemic-godzilla-predicts-stocks-will-rebound-in-a-few-months-2020-03-26As of yesterday, we've seen more than 45 million COVID infections in the U.S. and about 728,000 deaths. Paul was off just a little.*According to the Lenny Scale of Human Stupidity
Florida man applied for jobs at 60 companies that publicly complained they couldn't find enough workers.The result:16 email responses, four follow-up phone calls, and one interview.https://www.yahoo.com/news/worker-florida-applied-60-entry-193423909.html
Paul Tudor Jones must be the stupidest man in the world.*
He’s certainly not an expert in pandemics. If you and jesmu think inflation is transitory and no big thing, fine.I disagree. Time will tell.
GSomeone said Paul Krugman had been consistently predicting recessions and depressions wrongly for 21 consecutive years.To which I replied: I don’t know if Paul Krugman is the stupidest man in the world.So I say I don’t know if a guy who hasn’t been right in his own field of expertise in 21 years is the stupidest man in the world. This morphs in your mind to Lenny says anyone who has ever been wrong on any prediction is the stupidest man in the world. Don’t know if you were being intentionally dishonest but you hit the jackpot.
I read that yesterday. Very interesting stuff.
Does anyone have any articles or resources they recommend for a guy trying to get smart on the inflation issue? I understand that all resources will have some degree of political bias in them, and I trust that I can sort through that. I'm not the sharpest macroeconomic crayon in the box, but it seems that we have been promised and waiting for these wage increases for the average folks since 2008. So it strikes me as odd that now that those seem in the wings, we're shifting into decrying the corresponding inflation. I understand that inflation is a natural consequence of rising wages, but I need to learn more about what is to be done about that, short of telling the middle class to pick their poison - low wages or inflation.
A quick sleuthing of the dude says he has a felony marijuana sales verdict in his name - so maybe it would have been good to include that, as potential employers would get the same info.We could debate all day whether marijuana sales should ever be a felony, but a lot of employers don't want to hire felons.
We have a ton of issue that are causing inflation and several are here to stay, namely higher wages. I have been saying for months that we are importing inflation from China and that is my biggest concern. Prices of goods from China are up a great deal this year and I believe the Chinese government loves it. Shipping costs will eventually go down, but I think higher prices from China are here for the long haul.We get countless calls a day with companies wanting out of China and that is much easier said than done. The biggest companies in the world struggle doing business outside of China and 99.9% of other companies do not understand how hard it is to move production to Vietnam, Cambodia, etc. and will struggle big time. I think we are in a perfect storm for rough sledding ahead. I happen to agree with PTJ and all of his comments today. The Fed is a dangerous crew and I have been saying for months they do not have their eye on the inflationary ball.
You also called him a "special kind of stupid," but yeah, I'm the dishonest one here.
Pulling quotes out of context to alter the meaning. I honestly would have expected better from you. Here’s what I really said:“The guy’s an economist who (ACCORDING TO ANOTHER POSTER, NOT ME) has routinely and incorrectly predicted recessions and depressions throughout the greatest bull market in history. That’s a special kind of stupid.I don’t know (and I said as much) whether the poster (from your side of the political fence) is correct in asserting that Krugman has been that consistently and spectacularly wrong on the economy. But IF the other poster is correct, that’s a special kind of stupid.Like what you wrote was a special kind of dishonest.
in other words, krugman should be up for their highest honors, pulitzers, emmy's, honorary degrees, and last but not least...a ride on the lolita express
Pulling quotes out of context to alter the meaning. I honestly would have expected better from you.
Between mis-quoting and misogyny, I'm starting to worry about MU's journalism program, aina.