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This is going off-topic, so I will try to keep it brief: My "model" is based on common sense. You can't create prosperity through financial engineering - but y
by jazzyk 10y ago
This is going off-topic, so I will try to keep it brief:
My "model" is based on common sense.
You can't create prosperity through financial engineering - but you can hide worsening prosperity for years (if you are a central bank). I don't know how long it will take to blow up, but blow up it will.
- panarky 10y agoWhen actual results differ from what our intuition tells us, we call it "counter-intuitive". When this happens, it could mean that our intuition is right and reality will eventually conform to how we think things should work. But more often, it means that there is more going on than we understand, so we should calibrate our thinking to correspond with what is actually happening. You're free to wait for the territory to change to match your map. As for myself, I find it's more profitable to update my map to match the territory.