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  1. #26
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    Quote Originally Posted by Butterfly View Post
    ^ he is a fucking trader you dummy, not an economist

    god you are dumb,

    Ok, he is a trader then, who trades from an Austrian viewpoint.

    Who also happens to own allot of gold

  2. #27
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    When I spoke to him he wasn't wearing leather lederhosen.

  3. #28
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    Quote Originally Posted by Gerbil View Post
    Quote Originally Posted by socal
    He is an Austrian.
    Not sure how being born in Baltimore, Maryland makes him Austrian......
    The Austrian School is a heterodox school of economic thought that emphasizes the spontaneous organizing power of the price mechanism. Its name derives from the identity of its founders and early supporters, who were citizens of the old Austrian Habsburg Empire, including Carl Menger, Eugen von Böhm-Bawerk, Ludwig von Mises, and Nobel laureate Friedrich Hayek.[1] Currently, adherents of the Austrian School can come from any part of the world, but they are often referred to simply as Austrian economists and their work as Austrian economics.

    Republican U.S. congressman Ron Paul is a firm believer in Austrian school economics and has authored six books on the subject.[36][37] Paul's former economic adviser, Peter Schiff,[38] is an adherent of the Austrian school.[39] Jim Rogers, investor and financial commentator, also considers himself of the Austrian School of economics.[40] Prominent Chinese economist Zhang Weiyin, who is known in China for his advocacy of free market reforms, supports some Austrian theories such as the Austrian theory of the business cycle.[41]

    butterfly seems to have a problem with Austrians just because I am one. Are you going to throw that book away now ?

  4. #29
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    Quote Originally Posted by socal
    citizens of the old Austrian Habsburg Empire, including Carl Menger, Eugen von Böhm-Bawerk, Ludwig von Mises
    basically a bunch of Aristocrat losers trying to shine again by adopting a new fascist school of thought

    The Austrian School of Thought are the Faux News equivalent of journalism, basically a bunch of clowns.

  5. #30
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    Quote Originally Posted by Butterfly View Post
    Quote Originally Posted by socal
    citizens of the old Austrian Habsburg Empire, including Carl Menger, Eugen von Böhm-Bawerk, Ludwig von Mises
    basically a bunch of Aristocrat losers trying to shine again by adopting a new fascist school of thought

    The Austrian School of Thought are the Faux News equivalent of journalism, basically a bunch of clowns.
    Its economics, not journalism.

    They created nothing new, they just figured out how economics really works. That is why guys like Peter Schiff, Jim Rogers and Marc Faber can predict things before they happen.

    Send me that Jim Rogers book, I haven't read that one.

  6. #31
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    Quote Originally Posted by The_Ghost_Of_The_Moog View Post
    When I spoke to him he wasn't wearing leather lederhosen.
    i think your talking about marc Faber. He referred to president Obama as a prostitute on national TV today.

    Marc Faber's Most Provocative Interview Ever: Compares Obama To A Prostitute, Goes Long Treasurys | zero hedge

  7. #32
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    Quote Originally Posted by socal
    they just figured out how economics really works.
    no they didn't, they are simply projecting how they think it should work

    Quote Originally Posted by socal
    Jim Rogers and Marc Faber can predict things before they happen.
    that's because they use common sense, and they are not alone to have predicted things, thousands of investors did, yet didn't publicize it

    What Marc Faber said was an open secret, and you will find it's often the case with those kind of predictions, the information was there, you just have to use it instead of being greedy

  8. #33
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    Quote Originally Posted by socal
    Send me that Jim Rogers book, I haven't read that one
    Jim Rogers is what we call a "value investor", a lot of common sense that doesn't require to have a Phd to make good investment moves

    commodities futures have an interesting diversification value if you can structure it right, but as he said in his book, most of the Commodities Indices out there are biased and will perform poorly over the long run, making them poor investment even when everything go up.

  9. #34
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    Quote Originally Posted by The_Ghost_Of_The_Moog View Post
    When I spoke to him he wasn't wearing leather lederhosen.

    Can you rephrase that?

    The mind boggles. He was NOT wearing lederhosen. What was he wearing? Anything?

    And what were you wearing?

    Must have been a fascinating conversation.

  10. #35
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    Quote Originally Posted by Butterfly View Post
    Quote Originally Posted by socal
    they just figured out how economics really works.
    no they didn't, they are simply projecting how they think it should work

    Quote Originally Posted by socal
    Jim Rogers and Marc Faber can predict things before they happen.
    that's because they use common sense, and they are not alone to have predicted things, thousands of investors did, yet didn't publicize it

    What Marc Faber said was an open secret, and you will find it's often the case with those kind of predictions, the information was there, you just have to use it instead of being greedy
    No. There is allot of things only the austrains are saying now that is not an "open secret" but a reality that only austrians recognize.

    Only mostly austrians are talking about a traasury/US dollar bubble now, just like they where the only ones talking about a housing bubble in 2004 to 2007.

  11. #36
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    Will a coup in Thailand push the Baht up or down?

  12. #37
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    Quote Originally Posted by Butterfly View Post
    Quote Originally Posted by socal
    Send me that Jim Rogers book, I haven't read that one
    Jim Rogers is what we call a "value investor", a lot of common sense that doesn't require to have a Phd to make good investment moves

    commodities futures have an interesting diversification value if you can structure it right, but as he said in his book, most of the Commodities Indices out there are biased and will perform poorly over the long run, making them poor investment even when everything go up.
    He is on the Austrain wiki page, just sayin

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    Rogers had his daughter(s?) quite late in life, and has mutated into one of the SZS/Teakdoor buffers on the subject, extolling how wonderful it is to be a Dad-specifically-of-the-Jim-Rogers-type, and demanding everyone pay attention to him droning on about his sprogs.

    Not personally liked among journalists, unlike Faber, who is.

    Mark Mobius also fairly well liked in spite of (or perhaps because of) being an enormous whoopsie.

  14. #39
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    Quote Originally Posted by socal
    He is on the Austrain wiki page, just sayin
    those nutters would make all kind of claims involving celebrities just to establish some credibility. He might share some thoughts with the Austrians, like many of us would, but that hardly means that he is in reality. Like if they were having socialist thoughts would mean that they are actually socialists.

  15. #40
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    Quote Originally Posted by The_Ghost_Of_The_Moog
    Not personally liked among journalists, unlike Faber, who is.
    let's have a drink with him next time I am in HK, I know he is your best buddy

    or bring him in Bangkok next time

  16. #41
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    Quote Originally Posted by Butterfly View Post
    Quote Originally Posted by socal
    He is on the Austrain wiki page, just sayin
    those nutters would make all kind of claims involving celebrities just to establish some credibility. He might share some thoughts with the Austrians, like many of us would, but that hardly means that he is in reality. Like if they were having socialist thoughts would mean that they are actually socialists.
    What fucking nutters ?

    The Austrian economists like Schiff, Faber, Rogers and Keiser ARE the establishment Austrain economists.

    It is not a club, a political movement or anything of the sort. It is proper economics.

    If you ever have a hope of making money or understanding economics then you better stop bashing austrian economics.

  17. #42
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    Quote Originally Posted by Tom Sawyer View Post
    Will a coup in Thailand push the Baht up or down?
    down a little I would think. Political bs has been going on in Thailand for ever now, investors don't seem to care about it as much. Its always priced in.

  18. #43
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    ^
    I think investors have realised that changing political leaders every few years actually gives them less time to do any damage.

    Heaven help us if we get someone like Thaksin or Abhisit running the country for too long.

    Thaksin was milking the country dry and Abhisit is a bureaucrat who couldn't run a whelk stall.

    Next....

  19. #44
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    Puea Thai MP suspects stock manipulation by a certain group of individuals
    NUPPOL SUVANSOMBUT

    BANGKOK, 27 January 2011 (NNT)-A Puea Thai party list MP, Prakiat Nasimma, has submitted a request to Chairman of the House committee on monetary affairs, finance, banking and financial institutions Surapong Towwichakchaikul to launch an investigation into the manipulation of stocks by a group of suspected individuals.

    According to Mr. Prakiat, movements in the stocks market have been deemed unusual and that it could have been manipulated by the accused group.

    He will ask the committee to help examine the case in conjunction with the Stock Exchange of Thailand and the Securities and Exchange Commission and find out where they receive the inside information from.

    The investigation is expected to be carried out after the Chinese New Year Celebrations. The accused and those who have been involved will be summoned to prove themselves before the Committee.

    thainews.prd.go.th

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