Marx’s Reflexivity Theory just adapted to Soros Reflexivity Theory.
Fri Apr 30, 2010 11:02 pm
The multiplier effects of a global production bounce should lead the world back to growth by late ‘09. However, when the intoxicating
excitement of inventory replenishment and stimulus fades, the West will reawaken to the reality of a consumer leverage binge now infecting the public sector as well. In addition, the recovery forces at work (cost-cutting and zero interest rates) subject households to an abstemious 50-year low in private sector wages + dividends + interest income. I’m not sure markets understand the consequences of that yet.
No they do not understand the infection.
The only question is when. For those of us not on the verge of retiring, the sooner we have this day of reckoning and get it over with, the better.
http://mises.org/markets.asp
In closing the question is measuring confidence from arrogance and what I see today is this malady on its course.
Then he goes on to explain why 2% growth won't be coming back. Yes we did in spades.
The pareto effect is real to a point more than not are still looking at Platos shadow on the UBI and MMT collapse.
Working independently of W. Edwards Deming (who focused on the use of statistical process control), Juran—who focused on managing for quality
went to Japan and started courses (1954) in quality management. The training began with top and middle management. The idea that top and middle management needed training had found resistance in the United States.
As H forwarded and suggests also not just that economic growth was a one-time thing centred on 1750-2050, but also that because there was no growth before 1750, there might conceivably be no growth after 2050 or 2100. The process of innovation may be battering its head against the wall of diminishing returns. Indeed, this is already evident in much of the alleged innovation sector.
In our view the politics of envy has taken over here as they take off elsewhere so it was said with products no one wants or can afford here, or there also. You pissed on and in the tea party cup. We are closed loop. TINA, TSTS, FOAD, BLMLCS, Bob Bish, FOMO. Remember the four soils.
