Wednesday, December 2, 2009

Taleb Is Still Right

The author of "Black Swan", who predicted the 2008 meltdown, is somewhat of a genius in my opinion.

He has apparently decided that the reappointment of Bernanke is enough to make him depressed enough to withdraw from the world economic scene for a while.

http://www.cnbc.com/id/34234721

Be Careful!

Be careful what news you pay attention to. I tend to think there is a reason these people have a high net worth in the first place, so I will listen to this one.

http://www.marketwatch.com/story//upper-income-consumers-gloomy-on-economy-survey-2009-12-02

Plus, the fact that it generally supports my argument doesn't hurt either.

And there is this too:

http://www.marketwatch.com/story/consumers-will-pay-down-debt-before-shopping-2009-12-01?link=MW_related_stories

Don't believe the wall street hype.