The Position Makers

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Losing Sight of Security: Finances Go Against Human Tendency

Posted Friday, December 21st, 2007 at 11:07 am · No Comments · By: messels

big title for what i’m thinking but unfortunately i don’t have any clever studies to point to for proof.

all i have is the boom-bust cycle of our economy and generally understanding that humans are too short-sighted to see the ends of abstract consequences coming to roost. meaning, i don’t have any proof that finances go against human tendency, but i do have a feeling it’s too abstract of a concept for our human minds to fully grasp. OR to rephrase again, humans have millennia upon millennia of experience chasing down physical “monsters” but a very short exposure to abstract monsters such as financial debt.

the people at american city journals must feel similarly (if not in a dorky, philosophical way); regardless, here’s a funny depiction of what i mean.Consumer Debt is the Real Monster

Tags: Bearish · Blabber · Market Conditions

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