[A relitively large minority] believe market price levels
are largely driven by monetary policy
and we are all being played by politicians and central bankers...
[while the rest don't care, don't know or don't want to know]
[while the rest don't care, don't know or don't want to know]
 |
| http://www.salientpartners.com/epsilontheory/ |
There’s [relatively little] sincere about the public sphere today,
in its politics or its economics,
and as a result, [many are slowly losing] faith in our public institutions,
including public markets.
 |
| http://www.salientpartners.com/epsilontheory/ |
[When too few] require convincing
that market price levels are unsupported by real world economic activity
[is when the siht hits the fan].
 |
| http://www.salientpartners.com/epsilontheory/ |
With public sentiment nothing can fail
Without it nothing can succeed
He who molds public opinion is greater than he who enacts laws
Abraham Lincoln
There are two ways to be fooled
One is to believe what isn't so
the other is to refuse to believe what is so
Soren Kierkegaard
The Ministry of Peace concerns itself with war
the Ministry of Truth with lies
the Ministry of Love with torture
and the Ministry of Plenty with starvation
These contradictions are not accidental
nor do they result from ordinary hypocrisy
They are deliberate exercises in doublethink
George Orwell
It is difficult to get a man to understand something
when his salary depends on his not understanding it
Upton Sinclair
Sometimes people mistake the way I talk
for what I am thinking
Idi Amin
Statements by high officials are practically always misleading
when they are designed to bolster a falling market
Gerald M Loeb
Men… think in herds
it will be seen that they go mad in herds
while they only recover their senses slowly…
one by one
Charles Mackay
Egotism is the anesthetic that dulls the pain of stupidity
Frank Leahy
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