Mish on Capital Account May 1 ...
... Discussion of Europe, Austerity, Paul Krugman, Jobs, and the Greenspan Contrarian Indicator (GCI)
Once again it was a pleasure to be on Capital Account with Lauren Lyster Tuesday afternoon. We discussed Europe, austerity measures, Paul Krugman, whether or not the Fed could create jobs, and the Greenspan Contrarian Indicator.
Mish Tackles Paul Krugman and the Greenspan Contrarian Indicator (GCI).
For more on the GCI, Please see Contrary Indicator Alert: Greenspan Says U.S. Stocks 'Very Cheap,' Likely to Rise
I have a lot of fun doing these. I do not come in until after the 6 minute mark but Lauren had some excellent comments before I came on.