Thursday, October 15, 2009

Jim Rogers makes my head hurt - Paul Krugman Blog -

From I love Paul Krugman!
After my talk in Seoul, I participated in a panel discussion on The Future. The summary doesn’t mention it, but I made notes on a comment by Jim Rogers, who was all “the West is in decline, everything’s going to Asia.” He was asked whether he was predicting that capital will start flowing into Asia — which he certainly seemed to be implying — and responded

“Well, capital has already been flowing into Asian economies, as you can see by the fact that they’re the world’s biggest creditors.”

Your homework assignment is to explain — in English — what’s wrong with that sentence.

No comments: