When the herd turns: financial crises r not unpredictable black swans

Discussion in 'Markets & Economies' started by SpacePete, Apr 24, 2014.

  1. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    [youtube]http://www.youtube.com/watch?v=qrz76_j9MRs[/youtube]
     
    SpacePete, Apr 24, 2014
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  2. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    The term 'herd' implies all participating parties have equal influence on the behavior of the rest of the market. Far from reality.
    Also implies all parties have access to the same depth and quality of information. Untrue.
    If there is a herd, its more like a flock of sheep being herded to the wolves by willingly-blind shepherds.
     
    Roswell Crash Survivor, Apr 24, 2014
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  3. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    You're overthinking it. The reference to "herd" in the video is related to collective behaviour.
     
    SpacePete, Apr 24, 2014
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  4. TheEnd

    TheEnd Well-Known Member

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    Thanks for that S.P...... Hav'nt seen Steve Keen around for a few years.
     
    TheEnd, Apr 24, 2014
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  5. petey

    petey Active Member Silver Stacker

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    Since it's so predictable, if you can hook me up with a date of the crash I'd appreciate it.
     
    petey, Apr 24, 2014
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