• Marc To Market
    09/20/2014 - 17:02
    The world may be a big conspiracy and civilization as we know it may end soon, but if you care what the dollar may do next week, take a look at this post.
  • Capitalist Exploits
    09/20/2014 - 11:12
    There is no perfect system or place on our blue planet, so spare me your pious lectures about poverty in the 3rd world until, say, you've fixed your own f***ing Detroit!

Group Think

Cognitive Dissonance's picture

The Sovereignty Series - Orienteering : Lost in the Wilderness





We believe ourselves to be credible and intelligent, even though nearly all our working capital, our knowledge, is corrupt and seriously tainted.

 
Cognitive Dissonance's picture

The Sovereignty Series - Swimming with the Sharks - Being a Small Fish in a Big Pond





This contradicts their claim to sovereign power by way of their superior intellect, business prowess, hereditary entitlement, military strength, political power, majority consensus or whatever story they can pull out of their hat.  

 
Cognitive Dissonance's picture

Question Everything, Believe Nothing - Chapter Two - Group Think and the Hive Mind





The pain we feel when balanced at the cliff’s edge is entirely of our own making and completely within our control to extinguish. All we need do is to abandon the certainty of belief that is presently stuck in our craw.

 
Tyler Durden's picture

Guest Post: The Possible Outcomes Of The Shutdown Theater





Only a week ago, the consensus among most mainstream economic analysts and even some alternative analysts was that a government shutdown was not going to happen. The Republicans would fold in the shadow of President Barack Obama’s overwhelming drive for socialization, spending would continue to grow unabated, and the debt ceiling would be vaulted yet again to feed the bureaucratic machine with more fiat. Today, there is no consensus, very few people continue to be so blithely self-assured and even the mainstream is beginning to wonder if a much bigger game is afoot here.

 
Tyler Durden's picture

Decision-Making And The 10 Most Common Psychological Biases Of Investing





Be it BBQ judging, investing, picking out an outfit, or even choosing whether or not you’re going to show up for work tomorrow – ConvergEx's Nick Colas notes that there’s a decision making process occurring.  Quite simply, decision making is the cognitive process resulting in the selection of a final choice among several alternative scenarios.  Final choices can be opinions (as in “This brisket is an 8”) or actions (such as “I will invest in tech stocks”), and decisions are both conscious and unconscious.  For investors, financial decisions and how we tend to arrive at them are of particular importance.  The following is a cautionary tale of the 'Top 10' common biases that creep into the decision making process.  Recognizing and eliminating these biases from your financial choices will make you a sharper and smarter investor... or BBQ judge... or whatever it is that you do.

 
EconMatters's picture

1% Growth: QE Policy a Failure, Time for A Change





Ben Bernanke blames fiscal policies out of Washington.  However, it is starting to look more and more like Fed policy is equally to blame for the lackluster U.S. GDP growth.

 
Capitalist Exploits's picture

Military Minds





The Military mind is a dangerous mind. It promotes a lack of critical thinking.

 
EconMatters's picture

So David Einhorn is the Dumb Money on Apple





 

Turning your growth trade into a value trade is the quintessential sign of a losing trader on Wall Street. 

 

 
Cognitive Dissonance's picture

Perhaps a Crumble Rather Than a Collapse – Chapter One Of Three





One cannot see clearly while in the midst of the madness using only the cognitive tools and worldview assumptions supported and promoted by the madness.

 
Reggie Middleton's picture

How To Profit From The Impending Bursting Of The Education Bubble, pt 2 - "Knowledge How" & Diplomas As Fictitious Assets





A complete & thorough explanation of how many (if not most) levered college diplomas are overvalued assets with fictitious values - that's including you too HBS and the ivy league! No wonder the education bubble in the US is about to collapse.

 
Tyler Durden's picture

Is A Gold Standard Possible?





While a gold standard could work, we remain sceptical that it will be considered (barring a serious financial crisis, perhaps associated with highly volatile inflation). In large part we blame the low probability on culture. The world economy has, over the past century, morphed into a highly integrated, government dominated system guided by conventional wisdom (group think). The self-reliant, individualism of the free market has been left behind in favour of a ‘new age’ of coddled consumerism. Culturally this represents a very powerful force in our view, one which minimises creative options/solutions to economic impasses. On this basis we are cautious of predicting such a radical solution to monetary imbalances.

 
GoldCore's picture

Central Bank Gold Manipulation “Steady As Ever” - Avoid “Paper Gold”





Gold may have its worst week in 2012 as it is currently down 3.5% for the week in dollar terms and nearly 3% in euro and pound terms. However, gold is still higher so far in June and the fundamentals suggest we have bottomed or are very close to a market bottom prior to a summer rally.

However, further short term weakness is possible as speculators go to cash and support is at $1,540/oz (see chart above).

 
Reggie Middleton's picture

The Biggest Threat To The 2012 Economy Is??? Not What Wall Street Is Telling You...





Imagine pensions not paying retiree funds, insurers not paying claims, and banks collapsing everywhere. Sounds like fun? I will be discussing this live on RT's Capital Account with the lusciously locquacious Lauryn Lyster at 4:30pm.

 
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