part 1: http://www.youtube.com/watch?v=Z_rShZA_IjE
part 2: http://www.youtube.com/watch?v=LZuJqrcwrEU&feature=related
Being bearish does not make you Austrian. His stated reasons for being bearish are pure Keynes.
These were that baby boomers are cutting their consumer spending and trying to save $.
Overall an okay vid. Interesting he is saying this stuff. He’s still kind of full of shit.
Of course I don’t think he is Austrian but I just found it odd that someone of his media likeness actually saw that the source of the problem was way too much credit and low interest rates
It is interesting because he is using same metodology as other keynesians and yet arrives at different conclusion. Isn’t that fun?