http://philipschaefer.com/2009/01/07/answering-yesterdays-question/ Theories, observations, and articles Fri, 18 May 2012 17:04:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://philipschaefer.com/2009/01/07/answering-yesterdays-question/comment-page-1/#comment-2134 Mary Jane Schaefer Thu, 15 Jan 2009 16:38:21 +0000 http://philipschaefer.com/?p=1299#comment-2134 A case of Black Swans perhaps? Who knew there were so many? Not to mention the coukcoos overseeing our "protected" economy. A case of Black Swans perhaps? Who knew there were so many? Not to mention the coukcoos overseeing our “protected” economy.

]]> http://philipschaefer.com/2009/01/07/answering-yesterdays-question/comment-page-1/#comment-2100 Annalisa Fri, 09 Jan 2009 04:24:08 +0000 http://philipschaefer.com/?p=1299#comment-2100 If downturns happen roughly every 3 to 5 years (taking your estimate of a crash every 3 years in a previous post and Uncle Elmer's example of 4 crashes in 20 years), then they must be small enough downturns that we don't get too worried, right? Because the worry over the state of affairs the past 6 months is more worry than I've ever seen in my life. It reminds me of the worry that spurred people to buy gas masks after the terrorist events of September 2001 (the parents of a high school classmate of mine did this) and stockpile food for Y2K. Only this time, people are worried about stuff they never gave a crap about before (I bet half of them never spoke the phrase "our economy" before it started going downhill) and barely understand what is going on. But I can't be too harsh; I barely understand what is going on either. If downturns happen roughly every 3 to 5 years (taking your estimate of a crash every 3 years in a previous post and Uncle Elmer’s example of 4 crashes in 20 years), then they must be small enough downturns that we don’t get too worried, right? Because the worry over the state of affairs the past 6 months is more worry than I’ve ever seen in my life. It reminds me of the worry that spurred people to buy gas masks after the terrorist events of September 2001 (the parents of a high school classmate of mine did this) and stockpile food for Y2K. Only this time, people are worried about stuff they never gave a crap about before (I bet half of them never spoke the phrase “our economy” before it started going downhill) and barely understand what is going on. But I can’t be too harsh; I barely understand what is going on either.

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