Once upon a time (today), in a land not so far away (USA), there lived a trio of economic wizards (economists), whose names shall remain anonymous (Paul Krugman, Greg Mankiw, Ben Bernanke).
A fourth wizard, Murry Rothbard, is no longer among the living but resides in the netherworld.
The above wizards seldom agree with each other because they come from competing schools of wizardry.
Three Schools of Economic Wizardry
Keynesian School of Fiscal Voodoo and Witchcraft
Monetarist School of Monetary Voodoo and Witchcraft
This Week Will Tell If The Bear is Really Coming Out of Hibernation
Last week’s selloff did less damage than it may have felt like. The drop stopped in the area of 3 crossing uptrend lines, ranging in length from short term to long term. Here’s what would tell us whether the uptrend is still in force, or signal that something evil this way comes. I have added 8 new stocks to the swing trade chart pick list, including 2 shorts.
Austrian School of Sound Money, Sound Economic Principles and Common Sense.
via A Modern Fairy Tale Of Three Economic Wizards – Business Insider.
