Thursday, September 27, 2012

The echo chamber economy.

Lately, I've been feeling really amazed at how little people know about the economy. It's always been that way - but lately it's gotten much, much worse. Sometimes I leave conversations stunned. You can not make people learn things. You just have to gently guide them. If you say the wrong thing, all of your hard work will vanish.

My theory about why it has gotten much worse is not because people are dumber. Although that can be debated. It's because five years ago there was so much "absorbed" knowledge. Everyone was in the market and everyone talked about the market. Now basically no one is in the market, and that knowledge stream has vanished.

The end result is that no one knows how the markets work now. And since at least in California the population is basically one large echo chamber, they are all passing along the wrong information.



    If you haven't seen it it is probably something you'd be interested in.

  2. OMG! I didn't even know we were doing that. Have you seen one? Does it only work in the Gulf because of the calmer seas?

    It really is one of the coolest things I've seen lately. Although their vids could use a little help for us ADD addled people.

    Thanks a lot. That really made me happy to see.

  3. I've just seen the pictures. I have no idea about where they do that, I thought we'd just leave them at the bottom of the sea if that happened lol.