~Why 1601? Because those were the good old dogma days when “truth” had no obligation to conform to observed reality and measurement! Those were the days before the enlightenments of Galileo, Bacon, Locke, Newton, etc. Those were the days when the Church (or King or Baron or local aristocrat) spoke and “truth” reigned. Now, in […]
Back to Square 1601 Read More »
(to the right and to the left) * Rogue (as defined by some) is to BE everything “Washington, DC” is NOT; as in honest, true, chaste, virtuous, wise, free of undue influence, etc., etc.. Because John (as in McCain) and Sarah (as in Palin) have claimed (and/or unclaimed) rogue-status, they will, of course, find themselves
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~SMS~1. Markets are rational—except when more frequently, they are not. 2. Moral hazard is to leverage your leverage. 3. There are stock puffers & stock prickers—and therein lies the grub. 4. Efficient Market Hypothesis is a congenital myth—somewhat like Santa Claus.[1] 5. Oversupply and under-demand are the norm—except when less frequently, they are not. 6.
Twelve Truths My Economist Never Told Me Read More »
(Tea Party 1 : Tea Party 2) To the offended: You may be adamantly against the recent stimulus packages and bailouts of Big Business (as proffered by GWB and BHO), but if you are a laissez-faire capitalist or corporate libertarian, you are a porter for economic tyranny (as in T-Party) whether you admit it or
Econ 010 ~ Then & Now Read More »
(All indented quotes are found in Devil Take the Hindmost: A History of Financial Speculation by Edward Chancellor, © 1999, A Plume Book. You should read this book if you are an investor and/or speculator, or if you are financially related to one.) Not only was the “vast fund of stupidity”* a growth industry in
(All indented quotes are found in Devil Take the Hindmost: A History of Financial Speculation by Edward Chancellor, © 1999, A Plume Book, pp. 59, 67, 67, 69, 76, 77, 92.) In memory of the birth of the South Sea Company (in 1711 – 300 years ago), Deja Vu Times recycles a few comments/quotes from
“Vast Fund of Stupidity [& Recycling Cupidity]”?! Read More »