great quote

Feb. 1st, 2010 04:19 pm
walkitout: (Default)
[personal profile] walkitout
http://www.calculatedriskblog.com/2010/01/summers-statistical-recovery-and-human.html

Here's the quote:

"What we see in the United States and some other economies is a statistical recovery and a human recession." Larry Summers via CNBC.

I want to be extremely clear: I still despise Mr. Summers and hope he loses his job and, optionally, other very unpleasant things happen to him. I don't like the quote because I find it particularly insightful. I like the quote because it a perfect little gem of an example of something Summers is guilty of virtually every time he opens his mouth, and possibly, every minute he is alive and breathing. He really and truly buys the gamed numbers we claim represent reality.

He is a Mark.

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