Today’s exercise is cognitive dissonance and ideological foolishness:
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Money is power, & you ought to be reasonably ambitious to have it." —Russell H. Conwell, Temple Univ, 1877
"It's the end of the world as we know it and I feel fine" say the French as consumer confidence in May rose to the highest since Nov '10 as they welcome and get excited about new Pres Hollande. Also, the French 10 yr bond yield touched the lowest on record this morning. June consumer confidence in Germany held at 5.7, just .2 pts off the highest since Mar '11. To the euro bond debate which is now taking on greater rhetoric with those with high bond yields wanting them and those with low ones saying no way, ECB member...
read more »
Tweet
Facebook
Reddit
Digg this!
December 16th, 2010 at 7:33 am
The “Meme of the Day” on FOX, I’m sure. And they’ll report it as “the rest of the commission wasn’t going to produce a fair and balanced look at the crisis” (um, ahem, because the rest of the committee refused to excise the words “derivative” and “deregulation” from the final report).
December 16th, 2010 at 7:45 am
[...] Disclosures var __halnet_pub = "hgn.tbp"; var __halnet_sz = "728×90"; (window.location == "http://www.ritholtz.com/blog/") ? __halnet_pub_kvs = ";section=homepage;" : __halnet_pub_kvs = ";;"; // var __halnet_zone = "ROS"; « REPUBLICAN COMMISSIONERS ON THE FINANCIAL CRISIS INQUIRY COMMISSION FINANCIAL CRISIS PRIMER QUESTION… [...]
December 16th, 2010 at 11:27 am
Scary. Sad. Telling. The Emperor has no Clothes.
December 16th, 2010 at 1:27 pm
thanks, I needed a good laugh!
December 16th, 2010 at 4:22 pm
So that’s it…four pages of “whoops….no biggie….not really anyone’s fault”
Housing bubble didn’t cause the financial crisis (p ii)…leverage and mismatch [did] (p5) and no one expected the market to turn down.
Eh? WTF do these people think? Is it me or are these guys ever so slightly delusional?
December 16th, 2010 at 11:48 pm
I hear Dutch tulips are going to be the next big thing.
February 13th, 2011 at 10:08 pm
[...] [18] The full text is at http://www.ritholtz.com/blog/2010/12/republican-commissioners-on-the-financial-crisis-inquiry-commis… [...]