Mish gets a lot of things wrong but that’s part of the game of web popularity

consider just how wacko Allan Jones is yet he racks up the hits – so it’s got little to do with right or wrong

Mish might be (i say might) a good analyst but he’s no demographer – he looks at charts that are easy to analyse and form an opinion on but he does not do deep analysis of the mass movements of people – hence his continuous rant about Chinese property prices – here we are witnessing a once in a millennium movement of people from rural to urban life and the consequent property price movements are a “bubble”

he makes the same mistake with those countries that have very high net immigration such as Australia. He sees only the easy to see numbers and fails to dig even a little into the facts simply because he is a pig-headed arrogant Allan Jones clone albeit with a more acceptable visage

but get this

when i listen to the Allan Jones ranters (and there are frighteningly more than i like) they are all now followers of Mish.

And Mish loves it.

Watch how Mish publishes

when things are looking good in the world he runs off at a local level tangent to keep the “oh my good we are all doomed” tone running

as soon as the markets look a little jittery he’s selling “oh my god we are all doomed” in a big way so that he always looks right

and it’s not an issue of right or wrong

in the end we are all dead

so what?

keep reading Mish and you’ll suddenly realize one day he’s just as full of $&IT as any other wacko

yes he has been very entertaining at times

and early on he was almost uniquely lucid

but now?

he’s, let’s face it, BORING

murray