Wednesday, November 3, 2010

Revenge of the gold nuts

Nobel prize-winning economist Joseph Stiglitz, a frequent critic of the IMF, expressed some skepticism. "Without knowing anything about this, it's more likely a group of gold nuts, of which there many," he said of GATA.

Stiglitz sounds like another Nobel Laureate in Economics who sounds bitter since he's been on the wrong side of a trade--again. Is one of the criteria for winning a Nobel in Economics to be consistently wrong on forecasts? Paul Krugman, are you listening?

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