I'm chatty Cathy today. I'm not sure why this even popped into my head just now...I failed to recall that Sir, Buddy Pal Kudlow actually one-upped himself on the Goldilocks thesis when he was adamant this entire economic correction was going to be a soft-landing. This guy supposedly has credentials too - but like most academics they can only recall rote memorization from college and apply the best-fit method to a new problem. If you watch Laureate Krugman on Television and someone asks him to ponder a situation notice how he pauses for about 300ms, looks up to the corner of his eye while scanning a quadrillion braincells full of academic garbage written by a bunch of Keynesian idiots, then spouts out gospel.
In other news, rumor has it that there was an algorithm merely cogitating a scenario and one of Goldman's SPARCs and 50 of their best clients were already there to front-run it.
Song (unrelated to topics)