Adam Smith, The Wealth of Nations, Book V, Chapter I, Part III, Article III, p. 874
If you have ever read the Wealth of Nations straight through -cover to cover- in the unabridged edition you will notice that the work starts with unabashed optimism. But as the end nears I could sense that the optimism was giving way to a realization that he had discovered the dark side of the new economics that he was relating to the world. But yet, like realizing that the wife is cheating on you, you want to be the last to know. What Adam Smith witnessed being born was the greatest social system ever to emerge. Its strength brooked no challenges it would destroy and create everything in its path and it has! Even militant communism lasted but a blink of economic time. But will it get us also?
 |
| Adam Smith. |
World markets are firming, the Canadian TSX gained over 80 points today. Even "bad news" is having no effect. If you have the time, check out the William Stanley Jevons article at Wikipedia. Jevons was the first to propose that the activity in our Sun drove the "animal spirits" here on Earth. His major problem was that he did not have very good data. Today we have the Royal Belgium Observatory and the Solar Influences Data Center. Check out the pretty charts. I don't know about you but I could trade off of that. The peak of each period or wave looks to me to be pretty easy to nail more or less...When you think the peak has been reached may I suggest a square root out of the money straddle? No I have not seen it in any book either..Now just do a little mental math. If you miss the peek and nothing happens your out chump change. If you hit the payoff could be very huge indeed. If your a real rocket scientist you might want to sim it out.
While attempting to watch my beloved CBC TV, there is this stupid recurring commercial that just boogles the conscious mind. It is about a casement window that is made in Canada. Okay... The rather fat and ugly swarthy guy goes on about how well they work in all the different climate conditions in Canada. Okay... Then he starts going on about would this window work in the Amazon jungle? Then cut to a board hut in the Amazon jungle! (WTF??) Then the fat swarthy guy gets up off his fat ass and goes to open and close the window! BUT the shack is soo crappy that the cracks between the boards let in more then enough light and ventilation!! Why would any moron put a $1,200.00 casement window in a $1.99 shack? You are free to do what you are told... You are free to do what you are told.. You are free to do what you have been sold....Hey Wait a Minute!! (See: You-Tube-Bill Hicks- any performance..) God help us all....
No comments:
Post a Comment