gambling has it advocates but not I..dont you mean heads I win tails you loose.
No. In this case I meant exactly what I said. Read what else I said, and you will understand. Actually, it is a little like the science of climate change. Whatever happens means disaster later.
The science of climate change is more precise...the result will be, we all loose if you dont take your blinkers off.
The economy is a vicious beast. It often seems like it just stagnates. But at this point our global economy has grown interconnected to the point where it is more like a natural ecosystem than any other man made institution. That being said, every little action has far reaching consequences but actual permanent changes take a very long time to be evident.
There is a lot of evidence that "rational investors" are not and that "efficient markets" is a myth. Economists appear somewhat less accurate than the weatherman and professional stock pickers cant beat a portfolio of stocks randomly picked by a lower form of primate.
Very true. It seems to me that we've created a system we can't control. This may be jumping to a conclusion, but to me that signals that the global economy takes its cues from a more subconscious, natural order then bending at the will of man.
I'm not the first person to arrive at this conclusion either: some economists have studied "cycles" of market change that seem to reflect more of the human subconscious than intentional changes.
I agree with that, economy became too complex for the human brain, we can no longer properly control it. Thats evident in those times where everyone loses because everyone is trying to not lose.