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Richard Sachs Cycles

Quote of the Day

“Buddha can’t be avoided. Buddha is everywhere. Enlightenment possibilities are all over the place. Whether you’re going to get married tomorrow, whether you’re going to die tomorrow, whatever you may feel, that familiar awake quality is everywhere, all the time. From this point of view, everything is a footprint of Buddha, anything that goes on, [...]

Poetry Friday

AMERICA

America, you ode for reality! Give back the people you took.

Let the sun shine again on the four corners of the world

you thought of first but do not own, or keep like a convenience.

People are your own word, you invented that locus and term.

Here, you said and say, is [...]

Poetry Friday

NOT IDEAS ABOUT THE THING BUT THE THING ITSELF

At the earliest ending of winter, In March, a scrawny cry from outside Seemed like a sound in his mind.

He knew that he heard it, A bird’s cry at daylight or before, In the early March wind

The sun was rising at six, No [...]

Debunking the Efficient Market Hypothesis

From The Origin of Financial Crises: Central Banks, Credit Bubbles, and the Efficient Market Fallacy, by George Cooper:

The idea that markets are efficient requires the following to hold:

Asset price bubbles do not exist; the prices of all assets are always correct. Markets, when left alone, will converge to a steady equilibrium state. That [...]

Bursting the bubble

Picked up The Origin of Financial Crises: Central Banks, Credit Bubbles, and the Efficient Market Fallacy, by George Cooper recently.

Yeah, I know … sounds really exciting doesn’t it. But in reality, from what I’ve read so far, the book seems to do a great job of explaining how the global economy has been pushed [...]

What do the candidates propose?

Will candidates’ financial plans work? – CNN.com

(CNN) — In the wake of the country’s financial meltdown, Sens. Barack Obama and John McCain have been telling voters they’ll fix the economy while their opponent would only make it worse.

As the economy dominated voters’ concerns, McCain and Obama stepped up the political blame game and [...]

More evidence that panic feeds itself

Now, this particular story is not about the stock market, but it’s yet another example of how irrational fears and rumor-mongering can feed a situation, making it worse, and potentially forcing a situation where rumor becomes reality.

Nashville pumps dry after panic about rumor of no gas – CNN.com

(CNN) — Call it a self-fulfilling [...]

Quotes of the Day

To be modern is to find ourselves in an environment that promises us adventure, power, joy, growth, transformation of ourselves and the world–and at the same time that threatens to destroy everything we have, everything we know, everything we are.

— Marshall Berman, All That Is Solid Melts Into Air, p. 15.

To be [...]

Reality bites …

Had an appointment with the crazy doctor tonight … and I’ve got a lot of thinking to do about some of the things that have been going through my head the past week or so.

Things like:

Beating myself up for stepping out of my comfort zone, and failing. Rather than beating myself up, I [...]

Waiting …

BILLY BRAGG – WAITING FOR THE GREAT LEAP FORWARDS

It may have been Camelot for Jack and Jacqueline But on the Hugo Chavez highway filling up with gasoline Little Donald Rumsfeld spies a rich lady who’s crying Over luxury’s disappointment So he walks over and he’s trying To sympathise with her but he thinks [...]