I used this in conversation, and I had forgotten where I had seen it. I think this might be the original source for me: Of all the prejudices of pundits, presentism is the strongest. It is the assumption that what is happening now is going to keep on happening, without anything happening to stop it. … Continue reading Sociology/Psychology of the Last Five Minutes
Tag: psychology
Let the Wild Rumpus Begin
"This time last year it looked like we might have a standard bubble with resulting standard pain for the economy. But during the year, the bubble advanced to the category of superbubble, one of only three in modern times in U.S. equities, and the potential pain has increased accordingly. Even more dangerously for all of … Continue reading Let the Wild Rumpus Begin
