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8 Responses to What is an economist?
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Nouriel Roubini, known as Dr Doom for his regular appearances on CNBC, has the US upside as a ‘no growth’ stagnant economy.
If CT was New Jersey it would be more evident. CT’s stagnant population growth masks a ‘no job growth’ economy. NJ is creating jobs at a greater rate than CT but behind population growth. A common North East tale.
We need to redeem Chinese greenbacks. In May the AMC movie chain was sold to a Chinese firm–the largest Chinese owned US Company. AMC was losing money due to debt service: the influx of cash and debt retirement left the firm profitable. Future IMAX Expansion and digital upgrades will be cash financed or financed via equity issuance rather than debt.
Romney’s economic plan – Attract Chinese and foreign Greenbacks and lower energy costs through fracking and the Keystone pipeline to lower energy costs.
Short-term–avoiding the collapse of the Euro and the US housing market in the North East. Drastically down size the Federal government and its regulatory agencies. I’m waiting to hear him say “Sell the Post Office delivery services to Amazon.”
“…and lower energy costs through fracking and the Keystone pipeline to lower energy costs.”
First, ask the people who live near frack-sites in Pennsylvania how they like the flames coming out of their faucets, eh? And how about these folks in Michigan, near a pipeline?
“Two years after oil spill, town and its creek are reshaped
“Many people didn’t even know there was an oil pipeline running through their town. Then a break in a nearby marsh released over 800,000 gallons of toxic sludge.”
Full story at http://www.latimes.com/news/nationworld/nation/la-na-michigan-spill-20120729,0,865893.story
Try selling that to mainstream America who wants cheaper gas and oil. It’s difficult for the Democrats to make hay on the safety issue after the last 4 years.
If you’re right (and I hope you’re not), lawsuits and health-care costs are going to increase. What ABOUT the concerns of the people who live in the fracking and pipeline areas? They don’t count?
A documentary was just released to correct the myths on fracking perpetuated in the documentary Gasland.
http://www.facebook.com/FrackNation
I’ve no skin in this game. Jerry Brown is one of the largest proponents of fracking.
We thought fracking was such a big deal.
We have a huge amount of natural gas.
Horizontal drilling and fracking, natural gas has great potential benefits. Much cleaner than coal. It is $1.75 per gallon equivalent to less-expensive.
It keeps jobs here and does not send billions of dollars to a dictatorship. There is fear about what happens and we sat down with Halliburton and the oil and gas services companies.
We understand they have trade secrets. We showed what the ingredients are and it took a six months butwe got the environmental defense fund to claim victory and have Halliburton claim victory.
Here is a transparency, a set of regulations that will protect the public and settle down all the hysteria and furor
about fracking
Better question: What is (or who is behind) “NewsMax” and what’s in it for them?
What’s in it for Peter Schiff, or the prophet of doom that NewsMax keeps insisting has the real truth?
During an appearance on Fox News Channel, Sarah Palin cited Newsmax first as one of her top news sources, and described it as “very valuable, very helpful.”
I think that says it all.
NewsMax
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Christopher Ruddy
Born 1965 (age 46–47)
Citizenship US
Alma mater St. John’s University, Bachelor’s degree, summa cum laude, (1987)
London School of Economics, Master’s in public policy,
Hoover Institute at Stanford University (Media Fellow)
Occupation Journalist, businessman
Employer CEO of Newsmax Media
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Social science supposed to eschew metaphysics in favor of empirical observation. In the case of economics, a good bit of quantitative analysis may lend a patina of hard scientific certainty. But, there’s no getting around the uncertainty involved in measuring human behavior and/or the inherent inability to conduct experiments.
Would that Peter Schiff were to have been elected in lieu of the mendacious little consumer-advocate busy-body we installed in the Senate. I pray he may be incorrect prognosticator of the coming economic doom.