Don’t Jump to Conclusions
29th September 2014
Many pundits, especially highly intelligent liberal pundits, often fall into the trap (fatal conceit?) of assuming that because they can’t explain why the market would do something, the market must be wrong. But markets are almost infinitely subtle.
The chief problem with our economy is that it’s run by people (mostly politicians) whose chief characteristic is the inability to think things through.
September 30th, 2014 at 03:37
No person, no group of person, no AI-assisted person or group of person can ‘think through’ the economy.