An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Perhaps you might inadvertently help the show's ratings which, as I see it, have dropped precisely because of the partisan rants and utter lack of value-add typical of your impending interlocutor.
Sorry, should have signed off earlier, poor form ... But one more thing, take a megaphone, because the rabid right wingers have an unbelievable penchant for setting the volume at 11 while not saying anything of substance. For myself, I'll have the stopwatch on for the first shriek of Weimar, though I'm sure many boxes will be ticked on the journey to cliche hell.
If Santelli really is so exercised about borrowing costs on floaters as interest rates rise (whenever that may be), surely that implies he's pretty excited about locking in current long term fixed rates? Sadly, I don't foresee you penetrating the logic barrier with him. I'll listen for the sonic boom ...
This is interesting.... Bill Mitchell did a blog the other day how Bowles compares the current fiscal accounting to "cancer", Simpson uses "babies", and I saw moron Walker on CNBC the other morning use "Iceberg".
Call them cliches or metaphor or whatever, the thing I'm noticing lately is that these false people never get out of the "metaphor mode" or what you may be perceiving as "cliche hell"...
They never get out of this mode and into a mode where they use correct and professional terms. In this case terms of Accounting and Economics.
When one confronts a person who can never get out of "cliche hell", especially when pressed on it, this is a tip-off that person is caught up in pure falsehoods and fraud.
If they really knew how to speak in the true professional terms, they would do it, but they cant because they really dont understand what they are talking about.
This is how you can spot them: all metaphor, all the time.
Unfortunately, APJ, it is a multi-billion dollar industry to spit out clichés and metaphors that persuade.
One can complain about the intellectual laziness of the intended audience, but ultimately that is a very losing tactic.
One's strategy certainly has to include pressing ahead in forums where the reception to cognitive thought and logical use of facts is valued. Unfortunately, that alone will not assure the better idea's viability.
One must also be prepared to get one's hands dirty. That, however, doesn't mean you blacken your soul in the effort - at a minimum, that eventually doesn't sell well either.
It is a tricky business. From what I've seen of TH, he's pretty good at it, and obviously keeps his soul clean - otherwise, you and I would likely not be commenting here.
Best of luck to him.
Could you imagine being Steve Liesman? I don't know how he stands it.
Matt, they'll talk in cliches until the cows come home.
Salsabob, Leisman actually "seems" like he wants to get it (though i don't really know) but is held back ... Gotta feed the family I guess. Going against the gain on a show such as that isn't a good career move, even if he could over the Santelli jibber jabber (the guy CAN talk), and the anti--wisdom coming from the pseudo-serious purse lips of the show's anchor. And then there's good ole Michelle ... Trying to outman the men. And they wonder why this rabble isn't rating? Goodness.
Mike,
ReplyDeleteHave any of the specific debate points been more firmed up? Rsp
Perhaps you might inadvertently help the show's ratings which, as I see it, have dropped precisely because of the partisan rants and utter lack of value-add typical of your impending interlocutor.
ReplyDeleteMatt,
ReplyDeleteNot from their side. I have my points and counterpoints very "firmed up." ;)
Anon,
ReplyDeleteI am hoping the same!
Sorry, should have signed off earlier, poor form ... But one more thing, take a megaphone, because the rabid right wingers have an unbelievable penchant for setting the volume at 11 while not saying anything of substance. For myself, I'll have the stopwatch on for the first shriek of Weimar, though I'm sure many boxes will be ticked on the journey to cliche hell.
ReplyDeleteIf Santelli really is so exercised about borrowing costs on floaters as interest rates rise (whenever that may be), surely that implies he's pretty excited about locking in current long term fixed rates? Sadly, I don't foresee you penetrating the logic barrier with him. I'll listen for the sonic boom ...
Apj
3.84%
ReplyDeleteAPJ,
ReplyDelete"cliche hell"
This is interesting.... Bill Mitchell did a blog the other day how Bowles compares the current fiscal accounting to "cancer", Simpson uses "babies", and I saw moron Walker on CNBC the other morning use "Iceberg".
Call them cliches or metaphor or whatever, the thing I'm noticing lately is that these false people never get out of the "metaphor mode" or what you may be perceiving as "cliche hell"...
They never get out of this mode and into a mode where they use correct and professional terms. In this case terms of Accounting and Economics.
ie "Reserve Balances", "Liability", "Target Rate", "Appropriations", "Debits/Credits", "exchange of assets", etc...
When one confronts a person who can never get out of "cliche hell", especially when pressed on it, this is a tip-off that person is caught up in pure falsehoods and fraud.
If they really knew how to speak in the true professional terms, they would do it, but they cant because they really dont understand what they are talking about.
This is how you can spot them: all metaphor, all the time.
resp,
Probably been reading over here and decided they better change the script.
ReplyDeleteUnfortunately, APJ, it is a multi-billion dollar industry to spit out clichés and metaphors that persuade.
ReplyDeleteOne can complain about the intellectual laziness of the intended audience, but ultimately that is a very losing tactic.
One's strategy certainly has to include pressing ahead in forums where the reception to cognitive thought and logical use of facts is valued. Unfortunately, that alone will not assure the better idea's viability.
One must also be prepared to get one's hands dirty. That, however, doesn't mean you blacken your soul in the effort - at a minimum, that eventually doesn't sell well either.
It is a tricky business. From what I've seen of TH, he's pretty good at it, and obviously keeps his soul clean - otherwise, you and I would likely not be commenting here.
Best of luck to him.
Could you imagine being Steve Liesman? I don't know how he stands it.
Matt, they'll talk in cliches until the cows come home.
ReplyDeleteSalsabob, Leisman actually "seems" like he wants to get it (though i don't really know) but is held back ... Gotta feed the family I guess. Going against the gain on a show such as that isn't a good career move, even if he could over the Santelli jibber jabber (the guy CAN talk), and the anti--wisdom coming from the pseudo-serious purse lips of the show's anchor. And then there's good ole Michelle ... Trying to outman the men. And they wonder why this rabble isn't rating? Goodness.
ApjPpoeu