Comments on: Greed is Good – Weekend WSJ http://traderpsyches.com/greed-is-good-weekend-wsj Trading Psychology, the Thinking Man's Market Psychology Sat, 15 Oct 2011 20:12:01 +0000 hourly 1 http://wordpress.org/?v= By: mark http://traderpsyches.com/greed-is-good-weekend-wsj/comment-page-1#comment-580 mark Thu, 26 Feb 2009 18:53:24 +0000 http://traderpsyches.com/blog/?p=450#comment-580 Excellent! Austrian insights into the cause of the so-called business cycle - central banks, their interest rate manipulations & fiat currencies -reveals the players you mention above as symptomatic, not causative. Decision making in such an environment becomes a process of finding a chair each time the music stops, but the amplitude of the wave keeps increasing, whipped ever higher by the above mentioned blackgaurds, & the distance between your butt & the chair becomes so large that, even if you are one of the relatively lucky ones to land a seat, there will be a painful thud involved. I know mixing metaphors is supposed to be a verboten, but I had a semi-sweet gewurztraminer with lasagna last night, too, & liked it very much, lol.... Excellent! Austrian insights into the cause of the so-called business cycle – central banks, their interest rate manipulations & fiat currencies -reveals the players you mention above as symptomatic, not causative. Decision making in such an environment becomes a process of finding a chair each time the music stops, but the amplitude of the wave keeps increasing, whipped ever higher by the above mentioned blackgaurds, & the distance between your butt & the chair becomes so large that, even if you are one of the relatively lucky ones to land a seat, there will be a painful thud involved.

I know mixing metaphors is supposed to be a verboten, but I had a semi-sweet gewurztraminer with lasagna last night, too, & liked it very much, lol….

]]> By: DKS http://traderpsyches.com/greed-is-good-weekend-wsj/comment-page-1#comment-576 DKS Thu, 26 Feb 2009 12:04:54 +0000 http://traderpsyches.com/blog/?p=450#comment-576 Looking to the Austrians is relatively easy here .... one shares this apartment. Looking to the Austrians is relatively easy here …. one shares this apartment.

]]> By: mark http://traderpsyches.com/greed-is-good-weekend-wsj/comment-page-1#comment-575 mark Thu, 26 Feb 2009 11:48:41 +0000 http://traderpsyches.com/blog/?p=450#comment-575 "Self-respecting economist"? While I am sure the coutiers & courtesans have gobs of self-respect, my question would be why should anyone else respect them? The Keynesians & their variants have never been right about anything, & identifying scapegoats is part of what they get paid to do. If you want self-respecting, & respectable, economists, look to the Austrians - none of whom are at court. As for the slipperry slope, the toboggans launched long ago; luck to us all in surviving the descent relatively intact. “Self-respecting economist”? While I am sure the coutiers & courtesans have gobs of self-respect, my question would be why should anyone else respect them? The Keynesians & their variants have never been right about anything, & identifying scapegoats is part of what they get paid to do. If you want self-respecting, & respectable, economists, look to the Austrians – none of whom are at court.

As for the slipperry slope, the toboggans launched long ago; luck to us all in surviving the descent relatively intact.

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