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"This is called mean reversion in history." Citation? I tried a search on your term and ... crickets. EDIT: Sorry: "Mean reversion is a financial term for th
by gerdesj 1y ago
"This is called mean reversion in history."
Citation? I tried a search on your term and ... crickets.
EDIT:
Sorry: "Mean reversion is a financial term for the assumption that an asset's price will tend to converge to the average price over time"
What on earth does that have to do with the price of frogs?
- apical_dendrite 1y agoIf you google "reversion to the mean" or "regression to the mean" you'll see a more general definition.
- lordnacho 1y agoMakes no sense in economics, the whole history since industrialization is that the economy gets bigger and bigger, both in absolute terms and per capita.
- yanhangyhy 1y agoThe position in the world will. At its peak, Britain was truly the empire on which the sun never sets, but these colonies were not assimilated by British culture to become part of Britain. Therefore, they were ultimately lost. Britain will eventually revert to the position befitting a small island nation—insignificant in the realm of geopolitics.
- brazukadev 1y agoWhat makes no sense is infinite growth and the "west" is starting to find out