As Usual, the Real Wisdom is in the Comments Section
Rob Long ·
Jun 10, 2010 at 9:08am
If you read this piece in Bloomberg BusinessWeek, you get the impression that everything is going to be okay. The economy is going to come roaring back, thanks to technology, the mobile web, and green tech. Life really can be wonderful.
But if you read the comments, you'll discover some vehement, passionate, convincing dissent.
Just goes to show: always click on "Comments."
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Comments :
May '10
Re: As Usual, the Real Wisdom is in the Comments Section
Unless you're reading Gawker. But then again, one must ask oneself "Why am I on Gawker in the first place."
May '10
Re: As Usual, the Real Wisdom is in the Comments Section
The funny part is that Farrell uses "The Black Swan", by Taleb, as his justification for why the economy is going to boom- that is most emphatically not what Mr. Taleb actually thinks: http://www.econtalk.org/archives/2010/05/taleb_on_black_1.html
My guess is that Apple planted the story with the emphasis on mobile web stuff (how on earth does that drive the economy overall- people can now waste time surfing on the bus?) to push the new iPhone and the iPad.
Jun '10
Re: As Usual, the Real Wisdom is in the Comments Section
When the Bush tax cuts end, 12/31/2010. January 4, 2011 the stock market will crash and the Obama recession will begin. Can you say double dip?
This will happen if the congress lets the tax cuts expire.
Re: As Usual, the Real Wisdom is in the Comments Section
Conrad, that's true. But even factoring in the repealed tax cuts, we'll still be in a deep hole. I think the real goal, here, for the Obama administration, isn't to fiddle with the tax brackets, it's to raise them, hugely. To create two tiers of citizens, those who pay in excess of 50% income tax, and those who pay....nothing.
Jun '10
Re: As Usual, the Real Wisdom is in the Comments Section
We are in deep doo doo, unless we get the congress back this November.
Jun '10
Re: As Usual, the Real Wisdom is in the Comments Section
Well I just went to Peter Robinsons conversation site and he had already made the point about the tax cuts. Very interesting .
Jun '10
Re: As Usual, the Real Wisdom is in the Comments Section
Business people today are like conservatives were before FOX. They sit infront of their TV's and wait for the Kudlow's, Santelli's and "Joe" to counter to lefties that make up so many of the CNBC anchors.
++Businessweek was always the lefty business mag, and they went out of business because of silly articles like this one.
++Wall Street Journal general news and business reporting is left of center. At the Asian Wall Street Journal I know of two people on staff of general paper who are conservatives. Two, out of nearly 30 that they themselves counted down. (Edititorial page exlcuded).
Fortune, the Economist, CNN business news, and even Bloomberg, who hired Al Hunt and Margaret Carlson are left of center. Forbes is only one that remains.
Businessmen are by a vast majority conservatives, except a few Hollywood types, government subsidy freaks, and wall street wiz kid traders who crave social acceptance.
So we can expect mags and even services to go down like Businessweek.Even WSJ is missing mark these days on general news as they do politics, which means left from them. They need to do business.