Wednesday 14 November 2012

pseudoscience or bulls and bears


Unlike Math Bear here, being a numbers’ man in the bourses does not demand poise, genius or meditation. Solutions probably are not gained via reason or sudden intuition. King Consumer’s sentiment that underpins larger economic models is not rocket science either, and the thresholds and triggers that influence commerce cannot be rung up and down the totem pole to in a show of correspondence, neatness, predictability.

Investing is a calculated gamble but has as much to do with recklessness and risk than any de-natured economic principles or discipline. Yet the luck and hubris that is far from savant knowledge of the fundamental commodities for which money and monetary instruments is only an ethereal medium continues to be accorded with a level of respect and awe, assuredly with self-promotion and carefully crafted perception. The guesswork and gloss are even perpetuated against strong evidence to the contrary, put on horrid display over the past four years. The same dangerous configurations and unscrupulous behaviours are being vetted to continue the game, unbesmirched. All art and practice demand clarity and discipline and, regardless how particular and idiosyncratic and a framework of rules. Flexibility and responsiveness has created a drain on necessity, replaced with a codex of economic-relativism that allows one to dictate the rules as one goes along. While it is equally limiting to rely on false constructs, imagine what can still be done according to traditional arithmetic.