Because quote, "NO ONE KNOWS WHAT TO DO."
At least they're being honest. I was aghast during the Bernanke's testimony before congress in July 2007 when no one addressed the looming crisis in the credit default swap market and I realized that I, with no formal economic training, knew more than members of congress did. That being said, I think that these days we're getting more or less equal.
Extra Credit / Required Reading:
- Dollar Strength on Recognition of Worldwide Crappiness
- Robinson Crusoe and the Subjectivity of Desire
- Reflections on Today, from Henry Clews, 1908.
- Art Market Rules
- The Long View... 1885-2009
- Forecast: The Battle Between Paper and Tangible Assets, A Personal View
- Tobin's Q
- Luxury Goods
- After the Gold Rush...
- The Gaussian Fallacy and other Bullshit Baby Boomer Epistomologi
- Douchebag of the Noughties
- Synopsis of the Panic of '08
- You Know its a Bubble When...
- Quantitative Easing
- Vallejo, CA
17 September 2008
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