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Update: Jerome Armstrong quotes J.P. Morgan (millionaires don’t use astrology, billionaires do), confesses his faith in our primate ancestors and invites the wingnuts out for a little vipassana meditation! (though Redstate.com is having way too much fun with this to let it go . . . )

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In his biography of the astrologer and mathematician Girolamo Cardano, historian Anthony Grafton likens the role of a modern economist to that of a Rennaissance astrologer.

How about the modern economist as astrologer aka political pundit?

I don’t even know how I stumbled over this — but a pack of rightwingnut bloggers have launched a witch hunt — and are celebrating the the revelation that blogger and author Jerome Armstrong (how many people do you know who have even heard of Jerome Armstrong?) was/is an astrologer as well as a day trader — hmmm, did he study with Ray? — before he became a political consultant.

I am not going to try to recount the particulars as how this came to light, as I am not sure I understand it myself, but one thing is clear — there are no secrets in the lands of the internets. None.

The gist is that apparently an email (alluding to some legal difficulties with the SEC a few years ago in connection to the daytrading dimension of life) circulating on a private list of lefty bloggers fell into the paws of a bigshot wingnut blogger (love to know how much he paid for it!). And somehow, that leaked email inspired/enabled computer wizards on the right to start combing the internet looking for more dirt, and well, to make a long story short, it turns out that Jerome Armstrong of mydd.com is none other than the completely unknown astrologer, Jerome Armstrong (I am serious, who ever heard of an astrologer named Jerome Armstrong?)

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