Comments on: REVIEW: Quit Doling Out That Bad-Economy Line http://www.ritholtz.com/blog/2009/03/quit-doling-out-that-bad-economy-line/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sun, 21 Mar 2010 22:40:30 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: Alex http://www.ritholtz.com/blog/2009/03/quit-doling-out-that-bad-economy-line/comment-page-1/#comment-154145 Alex Tue, 17 Mar 2009 12:56:04 +0000 http://www.ritholtz.com/blog/?p=21512#comment-154145 Donald Luskin is really good at one thing only. Self Promotion. He is a living cognitive virus that constantly infects everything in sight. He does not care if he is right, he does not care if he is consistent, he only cares about being noticed and making money off of it. Now I am going to do something that is shocking to even myself; defend the economist profession. I have to say that calling him an economist is a bit like calling a bank robber a financier. He has no real formal education, and no meaningful experience. He has been regularly shown to have no grasp of even this simplest concepts of rational thought, much less economic concepts. I see "attention whore sociopaths" like him, and Limbaugh, and Ann Coulter are all cut from the same dirth rags. They don't give a rats butt about whether they say anything of use to anyone, just as long as they are getting paid to be noticed. That's all that matters to them. Donald Luskin is really good at one thing only. Self Promotion. He is a living cognitive virus that constantly infects everything in sight. He does not care if he is right, he does not care if he is consistent, he only cares about being noticed and making money off of it.

Now I am going to do something that is shocking to even myself; defend the economist profession. I have to say that calling him an economist is a bit like calling a bank robber a financier. He has no real formal education, and no meaningful experience. He has been regularly shown to have no grasp of even this simplest concepts of rational thought, much less economic concepts.

I see “attention whore sociopaths” like him, and Limbaugh, and Ann Coulter are all cut from the same dirth rags. They don’t give a rats butt about whether they say anything of use to anyone, just as long as they are getting paid to be noticed. That’s all that matters to them.

]]> By: doug86 http://www.ritholtz.com/blog/2009/03/quit-doling-out-that-bad-economy-line/comment-page-1/#comment-153645 doug86 Sun, 15 Mar 2009 12:19:35 +0000 http://www.ritholtz.com/blog/?p=21512#comment-153645 Maybe he should read this: [IMG]http://i159.photobucket.com/albums/t136/doug86_bucket/publicimages/AnnCoultertobank.jpg[/IMG] Maybe he should read this:

[IMG]http://i159.photobucket.com/albums/t136/doug86_bucket/publicimages/AnnCoultertobank.jpg[/IMG]

]]> By: BelowTheCrowd http://www.ritholtz.com/blog/2009/03/quit-doling-out-that-bad-economy-line/comment-page-1/#comment-153395 BelowTheCrowd Sat, 14 Mar 2009 02:07:39 +0000 http://www.ritholtz.com/blog/?p=21512#comment-153395 Am I the only one who has been around long enough to remember this particular episode in both Luskin and Cramer's careers? I "watched" it live and it was perhaps one of the greatest internet blowups I have ever seen. http://online.barrons.com/article/SB993255274996045625.html I forgot about Luskin's moronic "Openfund" idea trading in front of webcams and publishing every trade in real time. As if that would solve the problems of the mutual fund business. Most ironic moment was Cramer saying of Luskin that: <i>"Performance can be a wicked taskmaster. If you can't take the heat, get out of the kitchen."</i> Too bad Luskin still won't take that advice and that Cramer no longer thinks it matters. -btc Am I the only one who has been around long enough to remember this particular episode in both Luskin and Cramer’s careers? I “watched” it live and it was perhaps one of the greatest internet blowups I have ever seen.

http://online.barrons.com/article/SB993255274996045625.html

I forgot about Luskin’s moronic “Openfund” idea trading in front of webcams and publishing every trade in real time. As if that would solve the problems of the mutual fund business.

Most ironic moment was Cramer saying of Luskin that: “Performance can be a wicked taskmaster. If you can’t take the heat, get out of the kitchen.”

Too bad Luskin still won’t take that advice and that Cramer no longer thinks it matters.

-btc

]]> By: The iTod http://www.ritholtz.com/blog/2009/03/quit-doling-out-that-bad-economy-line/comment-page-1/#comment-153377 The iTod Sat, 14 Mar 2009 00:02:58 +0000 http://www.ritholtz.com/blog/?p=21512#comment-153377 PS - I meant Luskin's "crap" and not your witty entendre. PS – I meant Luskin’s “crap” and not your witty entendre.

]]> By: The iTod http://www.ritholtz.com/blog/2009/03/quit-doling-out-that-bad-economy-line/comment-page-1/#comment-153376 The iTod Fri, 13 Mar 2009 23:56:37 +0000 http://www.ritholtz.com/blog/?p=21512#comment-153376 Shame on you BR! You know better than to pick on retarded people... Seriously though, you made me read this crap and now I wish that I had that 13 minutes of my life back.. what a waste of time. Shame on you BR! You know better than to pick on retarded people…

Seriously though, you made me read this crap and now I wish that I had that 13 minutes of my life back.. what a waste of time.

]]> By: gnomic http://www.ritholtz.com/blog/2009/03/quit-doling-out-that-bad-economy-line/comment-page-1/#comment-153226 gnomic Fri, 13 Mar 2009 17:12:30 +0000 http://www.ritholtz.com/blog/?p=21512#comment-153226 So this got me wondering... Is this gross incompetance, willful ignorance, or something else. And what are the root causes: ideology, lack of a quality education, false gods, money, fame, something else or all of the above? And - other than Barry's fine work - is there some systemic way to weed these fools out of the national conversation such that they quit causing harm, much like an election does to the fools in power? So this got me wondering… Is this gross incompetance, willful ignorance, or something else. And what are the root causes: ideology, lack of a quality education, false gods, money, fame, something else or all of the above? And – other than Barry’s fine work – is there some systemic way to weed these fools out of the national conversation such that they quit causing harm, much like an election does to the fools in power?

]]> By: Darkness http://www.ritholtz.com/blog/2009/03/quit-doling-out-that-bad-economy-line/comment-page-1/#comment-153208 Darkness Fri, 13 Mar 2009 16:31:33 +0000 http://www.ritholtz.com/blog/?p=21512#comment-153208 <i>There were 15 in 1999-2000, the climax of the Obama-celebrated era of Clintonian prosperity. And in recession-free 1988-89, there were 1,004 failures — almost an order of magnitude more than today. Since the Great Depression, the average number of bank failures each year has been 94.</i> This is where he hands over his calling card and it has one word on it: TOOL. Given the changing landscape of banking, total assets and bailouts (and access to the discount window, even) would be the only honest measure to use for comparison, and he damn well knows it. We need a new word for his type, econowhore, perhaps. There were 15 in 1999-2000, the climax of the Obama-celebrated era of Clintonian prosperity. And in recession-free 1988-89, there were 1,004 failures — almost an order of magnitude more than today. Since the Great Depression, the average number of bank failures each year has been 94.

This is where he hands over his calling card and it has one word on it: TOOL. Given the changing landscape of banking, total assets and bailouts (and access to the discount window, even) would be the only honest measure to use for comparison, and he damn well knows it. We need a new word for his type, econowhore, perhaps.

]]> By: Whammer http://www.ritholtz.com/blog/2009/03/quit-doling-out-that-bad-economy-line/comment-page-1/#comment-153202 Whammer Fri, 13 Mar 2009 16:13:16 +0000 http://www.ritholtz.com/blog/?p=21512#comment-153202 @ Mike in Nola: "When the next congressional elections come around, it won’t be about what has been accomplished to stave off the disaster, but about how Nancy Pelosi has destroyed the wonderful economy that W left her. Watch and see." It would be hard to find truer words anywhere. Why did Limbaugh start calling this an Obama recession before he was even inaugurated? Same reason. @ Mike in Nola: “When the next congressional elections come around, it won’t be about what has been accomplished to stave off the disaster, but about how Nancy Pelosi has destroyed the wonderful economy that W left her. Watch and see.”

It would be hard to find truer words anywhere. Why did Limbaugh start calling this an Obama recession before he was even inaugurated? Same reason.

]]> By: d4winds http://www.ritholtz.com/blog/2009/03/quit-doling-out-that-bad-economy-line/comment-page-1/#comment-153177 d4winds Fri, 13 Mar 2009 15:09:40 +0000 http://www.ritholtz.com/blog/?p=21512#comment-153177 funny & well done. funny & well done.

]]> By: JMH http://www.ritholtz.com/blog/2009/03/quit-doling-out-that-bad-economy-line/comment-page-1/#comment-153176 JMH Fri, 13 Mar 2009 15:07:39 +0000 http://www.ritholtz.com/blog/?p=21512#comment-153176 It occurred to me while watching "Damages" that Luskin would be a great addition to the cast of the program. Imagine him appearing in a hearing opposite Patty Hewes (Glenn Close) in his trademark sportcoat and T-shirt, tearing apart her arguments with half-truths. The rivalry would be quite entertaining. As long as he didn't make any arguments based on economics, his character would be quite believable. I wonder how difficult he would be to direct. It occurred to me while watching “Damages” that Luskin would be a great addition to the cast of the program. Imagine him appearing in a hearing opposite Patty Hewes (Glenn Close) in his trademark sportcoat and T-shirt, tearing apart her arguments with half-truths. The rivalry would be quite entertaining. As long as he didn’t make any arguments based on economics, his character would be quite believable. I wonder how difficult he would be to direct.

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