Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (10437)	3/19/2004 7:57:41 AM
From: Condor	Read Replies (1) \| Respond to of 110194

It blows my mind that the US isn't taxing fuel strongly in order to accomplish a couple of things. 1) Consumption responsibility 2) Energy exploration/replacement/innovation 3) Lower Unfriendly Global Vulnerability Someone is NOT doing their homework IMO. By not addressing the energy problem with a responsible program, it is assured that military becomes the only option down the road. I am afraid that road is quite short. Cheers C

To: Crimson Ghost who wrote (10437)	3/19/2004 8:38:43 AM
From: russwinter	Respond to of 110194

From Charles Kindleberger's classic 1978 Manias, Panics, and Crashes talking about rationality of the individual, irrationality of the market: 1. People will change at different stages of the continuing process, starting rationally, and gradually at first, then more quickly losing contact with reality. 2. Rationality will differ among different groups of traders, investors, or speculators, including those at the earlier stages, and those at the later. 3. All will succumb to the fallacy of the composition , which asserts that from time to time the whole is other than the sum of the parts. 4. There will be a failure of a market with rational expectations as the quality of a reaction to a given stimulus to estimate the right quantity, especially when the are lags between stimulus and reaction. 5. Irrationality may exist insofar as economic actors choose the wrong model, fail to take account of a particular and crucial bit of information (), or go so far as to suppress information () that does not conform to the model implicitly adopted. () Clear and present danger of inflation, or how about the BOJ going away? (**) PPI report, among others.