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.
Thnaks to Mike and Matt for this great podcast. I have struggled to get around this subject, and this explained it in detail. Hopefully Matt will be a regular guest.
Sammy Davis Jr (during alcoholic phase) to himself when he got up in the morning: “it’s not going to get any better for the rest of the day ….this is the best you are going to feel…”
I don’t go to alcohol…
We are fukt with these Art Degree morons in charge and I will go to my grave raging against these unqualified morons,,,,
OMG this is the best blog post ever! I've connected so many dots!!! Both in concept understanding and in personalities.
I've always found Matt to be extremely smart, but have worried many of his posts were borderline crazy person. Having now seen more than just some scribbled words on a website I can relate 10000% more. THANK YOU!!! The best part happens at about minute 49 where I NOW truly understand what you mean by Moron Art Degree person.
Can we have more videos with Matt? His conversations are so much more revealing than his suspect crazy person posts (no offense meant).
Based on your comment, I watched a minute at the mark you mentioned.
It's not enough to be a contrarian, you have to be a selective contrarian. Matt is probably doing that anyway, but that's the correct way of stating it.
For example, if there are ten sectors in an economy and two are "hot", you want to stay away from those two. But that doesn't mean that you buy the other eight sectors, which is what it means to be a contrarian. Perhaps you find that two sectors among those eight are right, and you selectively buy those, hence the term "selective contrarian".
12 comments:
They don't know what they're doing... like a backhoe operator who keeps tearing open gas lines.
Thnaks to Mike and Matt for this great podcast. I have struggled to get around this subject, and this explained it in detail. Hopefully Matt will be a regular guest.
Matt bears a resemblance to the actor John Houseman ("The Paper Chase")
https://images.app.goo.gl/2d3SwaVD5gR4WCuX6
Does John Houseman want to bomb Iran into the stone age?
j/k
I'm having difficulty reconciling Matt's rants with the guy in this video.
Video was 8am with 1 cup of coffee…
I’m a morning person…
Sammy Davis Jr (during alcoholic phase) to himself when he got up in the morning: “it’s not going to get any better for the rest of the day ….this is the best you are going to feel…”
I don’t go to alcohol…
We are fukt with these Art Degree morons in charge and I will go to my grave raging against these unqualified morons,,,,
Oh… By the end of the day….
I don't drink coffee... I've known co-workers who do... who can't function until they get their first cup of Joe into their veins.
Not a morning person... no longer a night owl... currently a part time insomniac and multiple napper.
Pleased to make your acquaintance.
OMG this is the best blog post ever! I've connected so many dots!!! Both in concept understanding and in personalities.
I've always found Matt to be extremely smart, but have worried many of his posts were borderline crazy person. Having now seen more than just some scribbled words on a website I can relate 10000% more. THANK YOU!!! The best part happens at about minute 49 where I NOW truly understand what you mean by Moron Art Degree person.
Can we have more videos with Matt? His conversations are so much more revealing than his suspect crazy person posts (no offense meant).
Unknown,
Based on your comment, I watched a minute at the mark you mentioned.
It's not enough to be a contrarian, you have to be a selective contrarian. Matt is probably doing that anyway, but that's the correct way of stating it.
For example, if there are ten sectors in an economy and two are "hot", you want to stay away from those two. But that doesn't mean that you buy the other eight sectors, which is what it means to be a contrarian. Perhaps you find that two sectors among those eight are right, and you selectively buy those, hence the term "selective contrarian".
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