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The man who broke the world? — 2 Comments

  1. Wow Ian this is very interesting and I normally have a brain freeze when you discuss economics. One thing he doesn’t seem to factor in is ‘fear’ and ’emotional investing’ despite the mathematical and logical reasons for this current meltdown, add journalists and negative reporting into the equation and you have an unreasonable fear of buying back into the markets. Despite US confidence that they’ve bottomed, I’m not so sure . . there’s still a whole heap of uncertainty out there that even the most stalward economic equation can’t factor in.

  2. I suppose there was always uncertainty in the actuarial market, but spread across a sufficiently large number, the sums turned out correctly. I find fascinating the idea that economics is even more uncertain than life and death – shows how much worth one can attach to the ‘expert’ opinions.

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