AnCaps
ANARCHO-CAPITALISTS
Bitch-Slapping Statists For Fun & Profit Based On The Non-Aggression Principle
 
HomePortalGalleryCalendarFAQRegisterLog in
 

 Clueless Nobel Prize winner Richard Thaler says this could be ‘the riskiest moment of our lives’

View previous topic View next topic Go down 
AuthorMessage
RR Phantom

avatar

Location : Wabbit Hole
Job/hobbies : Cayman Islands Actuary

PostSubject: Clueless Nobel Prize winner Richard Thaler says this could be ‘the riskiest moment of our lives’   Tue Oct 10, 2017 5:23 pm

Richard Thaler may be able to build a “bridge between the economic and psychological analyses of individual decision-making,” as the Royal Swedish Academy of Sciences explained in awarding him the Nobel Prize.



And perhaps “his empirical findings and theoretical insights have been instrumental in creating the new and rapidly expanding field of behavioral economics.”

But when it comes to the stock market, he’s just as confused as anybody.

‘We seem to be living in the riskiest moment of our lives, and yet the stock market seems to be napping. I admit to not understanding it.’


That’s what the University of Chicago professor told Bloomberg TV in an interview on Tuesday when asked about the low volatility and continued investor optimism.

“It’s certainly puzzling,” he added. “And it’s puzzles that attract my attention.”

Thaler went on to say that he’s nervous, and when investors start feeling nervous, “they’re prone to being spooked.”

Not much sign of spooking yet, with the S&P 500 SPX, +0.23%  and the Dow industrials DJIA, +0.31%  both trading higher at last check.

In a separate interview with Bloomberg, Thaler took a swipe at President Trump in light of what he sees as a doomed attempt to pass tax reform.

“His ratio of certitude to knowledge is nearing record highs,” Thaler said. “We all need a lot of humility, and especially about the economy.”

http://www.marketwatch.com/story/nobel-prize-winner-richard-thaler-says-this-could-be-the-riskiest-moment-of-our-lives-2017-10-10
_________________
Anarcho Capitalists Retail , Molyneux Cult Watch Souvenir Mall , OZschwitz Downunder BoutiqueAnarcho-Capitalists,AnCaps Forum,Anti-State,Anti-Statist,Inalienable Rights Defenders,Non-Aggression Principle,Non-Initiation of Force Principle,Rothbardians,Anarchist,Capitalist,objectivism,Ayn Rand,Anarcho-Capitalism,Anarcho-Capitalist,politics,libertarianism,Ancap Forum,Anarchist Forum,Vulgar Libertarians,Hippies of The Right,Forum for Anarcho-Capitalist,Forum for Anarcho-Capitalists,Forum for AnCap,Forum for AnCaps,Libertarian,Anarcho-Objectivist,Freedom, Laissez Faire, Free Trade, Black Market, Randroid, Randroids, Rothbardian, AynArchist, Anarcho-Capitalist Forum, Anarchism, Anarchy, Free Market Anarchism, Free Market Anarchy, Market Anarchy
Back to top Go down
 

Clueless Nobel Prize winner Richard Thaler says this could be ‘the riskiest moment of our lives’

View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
 :: Anarcho-Capitalist Categorical Imperatives :: AnCaps' Laissez-faire Free Trade Zone-