Update: Here's his latest whopper:---Gold is the new sub-prime bubble, only worse: leveraged 25-40x not just 5-10x
As good as gold as a mean of payments @friendimension: @Nouriel Do you think that rabbit turds will ever be made the standard currency?---If they find 1 made of gold all the gold bugs will relocate there @Reuters:Astronomers discover planet made of diamond---Like King Midas they will eat gold bars on the Gold planet @rsTripolina: @Nouriel @Reuters LOL, what will they eat?
But, Freud discussed money and interest, not gold!! As described in the link Roubini provides. Note well, last week at EPJ, Ralph Raico was the first to bring up Freud's odd views.In Freudian psychoanalytic theory obsession with buying/accumulating gold is associated with anal retentive neurosis http://bit.ly/ojfWvM
Roubini predicted the 2007 crash for the wrong reasons.
ReplyDeleteHe is quickly spending his street cred from that lucky blunder.
Meanwhile, I'm buying a little gold and a LOT of silver.
He and his ilk are just really red in the face for being made to look like a fool by 'Glenn Beck & Black Helicopter wackos' as he wrote on his Twitter.
ReplyDeleteNickel(s) FTW!
ReplyDeleteI'm happy that Roubini is taking the opposite side since he got 2008 right (or so they say). Now we can carry on separating the wheat from the chaff.
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