Published on Zero Hedge (http://www.zerohedge.com)
Guest Post: Roubini Attacks The Gold Bugs
By Tyler Durden
Created 06/13/2013 - 20:33
Earlier this month, in an article for "Project Syndicate" [1] famous American economist Nouriel Roubini joined the chorus of those who declare that the multi-year run up in the gold price was just an almighty bubble, that that bubble has now popped and that it will continue to deflate. Gold is now in a bear market, a multi-year bear market, and Roubini gives six reasons (he himself helpfully counts them down for us) for why gold is a bad investment. His arguments for a continued bear market in gold range from the indisputably accurate to the questionable and contradictory to the simply false and outright bizarre. But what is most worrying, and most disturbing, is Roubini's pathetic attempt to label gold bugs political extremists. It is evident from Roubini's essay that he not only considers the gold bugs to be wrong and foolish, they also annoy him profoundly. They anger him. Why? – Because he thinks they also have a "political agenda". Gold bugs are destructive. They are misguided and even dangerous people.- Austrian School of Economics
- Bear Market
- Central Banks
- Council Of Economic Advisors
- default
- Deficit Spending
- Fail
- Gold Bugs
- Guest Post
- Hyperinflation
- Japan
- John Maynard Keynes
- keynesianism
- Krugman
- Ludwig von Mises
- Market Manipulation
- Maynard Keynes
- Monetary Aggregates
- Monetary Policy
- Money Supply
- None
- Nouriel
- Nouriel Roubini
- Paul Krugman
- recovery
- Sovereign Default
- Sovereigns
- Timothy Geithner
- Treasury Department
- United Kingdom
Links:
[1] http://www.project-syndicate.org/commentary/the-end-of-the-gold-bubble-by-nouriel-roubini
[1] http://www.project-syndicate.org/commentary/the-end-of-the-gold-bubble-by-nouriel-roubini
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