Showing posts with label experts. Show all posts
Showing posts with label experts. Show all posts

Tuesday, May 20, 2014

Wall Street parasites

Saying Wall Street and its machinations are the economy is saying the parasite is the host.

parasite noun 1. An organism that feeds on or in a different organism while contributing nothing to the survival of its host.   2. One who habitually takes advantage of the generosity of others.

Monday, October 31, 2011

Dangerous experts

Financial and other "experts' are supposed to keep us out of trouble, not lead us into it. Are the "experts" who created the economic trouble really experts, or simply opportunists?

Experts fail when their "special knowledge" causes them to weaken valid statistical predictions because they "know more" or :"know essential facts."

But then, bad predictions are forgotten and often buried in reasonable-sounding explanations.