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Historic quotes; A reminder.
Topic Started: 1 Dec 2016, 09:44 AM (2,673 Views)
Ex BP Golly
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Trollie
6 Dec 2016, 07:00 PM
Quotes from actors, very insightful golly.
Actors can be presidents in America.
And all its Presidents are little more than actors.

WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Terry
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Robert Shiller identified a housing bubble and was mocked by media and suburbanites globally. In 2004, Greenyspan said a housing bubble or a “a national severe price distortion was most unlikely.” Bernanke claimed in 2005 that house prices “largely reflect strong economic fundamentals.”

The suburbanites didn't ask why. Exactly the same today.
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herbie
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Terry
6 Dec 2016, 11:55 PM
Robert Shiller identified a housing bubble and was mocked by media and suburbanites globally. In 2004, Greenyspan said a housing bubble or a “a national severe price distortion was most unlikely.” Bernanke claimed in 2005 that house prices “largely reflect strong economic fundamentals.”

The suburbanites didn't ask why. Exactly the same today.
Ken Henry identified a property bubble in Australia in 2004.

'N Steve Wotwozhisname(?) chimed in sayin' tha same in 2008.

The suburbanites didn't ask why ... 'N it's still exactly tha same today - LOL.

(Well truth be told, not exactly - Sorta a bit different exactly tha same mayhaps ... :) )
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Terry
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herbie
7 Dec 2016, 12:54 AM
Ken Henry identified a property bubble in Australia in 2004.

'N Steve Wotwozhisname(?) chimed in sayin' tha same in 2008.

The suburbanites didn't ask why ... 'N it's still exactly tha same today - LOL.

(Well truth be told, not exactly - Sorta a bit different exactly tha same mayhaps ... :) )
Yes Jethro. As Shiller is aware, the suburbanites' behavior is primarily dominated by system 2 thinking and they rely on the utterings of their role models and leaders.
Edited by Terry, 7 Dec 2016, 01:18 AM.
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stinkbug
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If all the economists were laid end to end, they’d never reach a conclusion. ~George Bernard Shaw
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Ex BP Golly
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For the bbq set:

"How many men ever went to a barbecue and would let one man take off the table what's intended for nine-tenths of the people to eat? The only way you'll ever be able to feed the balance of the people is to make that man come back and bring back some of that grub that he ain't got no business with!"

- Louisiana Senator Huey P. Long, 1934
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Terry
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Ex BP Golly
7 Dec 2016, 09:28 AM
For the bbq set:

"How many men ever went to a barbecue and would let one man take off the table what's intended for nine-tenths of the people to eat? The only way you'll ever be able to feed the balance of the people is to make that man come back and bring back some of that grub that he ain't got no business with!"

- Louisiana Senator Huey P. Long, 1934
I think the following better describes the environment of the BBQ set.

“The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. ...We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of. This is a logical result of the way in which our democratic society is organized. Vast numbers of human beings must cooperate in this manner if they are to live together as a smoothly functioning society. ...In almost every act of our daily lives, whether in the sphere of politics or business, in our social conduct or our ethical thinking, we are dominated by the relatively small number of persons...who understand the mental processes and social patterns of the masses. It is they who pull the wires which control the public mind.”

― Edward L. Bernays

If you don't know who Bernays is, best you look him up.
Edited by Terry, 7 Dec 2016, 10:05 AM.
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Ex BP Golly
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Terry
7 Dec 2016, 10:03 AM
I think the following better describes the environment of the BBQ set.

“The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. ...We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of. This is a logical result of the way in which our democratic society is organized. Vast numbers of human beings must cooperate in this manner if they are to live together as a smoothly functioning society. ...In almost every act of our daily lives, whether in the sphere of politics or business, in our social conduct or our ethical thinking, we are dominated by the relatively small number of persons...who understand the mental processes and social patterns of the masses. It is they who pull the wires which control the public mind.”

― Edward L. Bernays

If you don't know who Bernays is, best you look him up.
It's disturbing that in Australia, this'd men are Rupert Murdoch, Alan Jones, Ray Hadley etc.


stinkbug
7 Dec 2016, 08:38 AM
If all the economists were laid end to end, they’d never reach a conclusion. ~George Bernard Shaw
The only economists that matter when a bubble pops

Edited by Ex BP Golly, 7 Dec 2016, 01:06 PM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Ex BP Golly
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How they'll treat you in the next depression.
Stand up against them, and they'll burn the last of your possessions.


WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Jon Snow
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As a rule, panics do not destroy capital; they merely reveal the extent to which it has been destroyed by its betrayal into hopelessly unproductive works.
- John Mills
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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