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gruffydd

If Enough People Decide This Is A Global Meltdown

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http://www.businessweek.com/investor/conte...index_top+story

"If enough people decide this is a global meltdown, they can make it happen," says Paolo Pasquariello, a professor at University of Michigan's Ross School of Business who studies financial crises. "The Fed is trying to prevent a self-fulfilling prophecy from taking place."

Edited by gruffydd

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http://www.businessweek.com/investor/conte...index_top+story

"If enough people decide this is a global meltdown, they can make it happen," says Paolo Pasquariello, a professor at University of Michigan's Ross School of Business who studies financial crises. "The Fed is trying to prevent a self-fulfilling prophecy from taking place."

I remember Norman Lamont saying in 1991 we shouldn't talk ourselves into recession "and thats what we did". By putting it out there the universe responds tenfold :lol::lol::lol::lol:

The newbies of the last 15 years will realise they have never had it so good and won't for a long time again :lol::lol::lol::lol:

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I have studied The Tipping Point few years ago, I still have the PDF version somewhere, , will post it if I can manage to find the File.

Nice Book BTW, simple and easy to understand here is a review on the Book.

http://www.williammcdermott.com/the_tipping_point.pdf

My Thoughts About The Tipping Point – a Report Based Loosely on the Book by Malcolm Gladwell

Rumors are the most contagious of all social messages.

"That there is nothing in any object, considered in itself, which can afford us a reason for drawing a conclusion beyond it; and, that even after the observation of the frequent or constant conjunction of objects, we have no reason to draw any inference concerning any object beyond those of which we have had experience”.

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