The Economics Nobel
The economics Nobel laureates have sought an implicit order and efficiency in Time.
The economics Nobel laureates have sought an implicit order and efficiency in Time.
Economics is at the soul of everything including big-ticket sports. Now that football is the number 1 sport in the world, the growth might look obvious. But it has taken more than a few decades for football to attain this cult. Was it chance that we reached here to a 1 billion audience, was it smart visionaries that made it happen or was it social behavior?
The 1980s high was 150, talking about a 200 dollar target is much beyond the euro-dollar parity. What could be a few reasons a target beyond previous high at 150 may start assuming some probability? First: Dollar Index has made average 15-year cycles starting 1970’s. A bottoming cycle in 2008 at least suggests multiyear strength well into 2012. Second, Oscillators have made a multiyear non-confirmation of more than a decade. Non-confirmations of such large time frames could validate the time cycle case. Third: The formation from 1985 looks more like a completing corrective than a trend. This means even if we assume an ongoing counter-trend, prices could reach back to previous highs at 150.
Classifying social mood and labeling it with wave counts is still an expertise, especially if you are new to Elliott Waves. Though Socionomics experts defined and developed an essential treatise on social behavior, quantification of Socionomics (the study of human social behavior) — like behavioral finance — isn’t easy.
Earthquake science can be used in markets because of time fractals
Probability was not just about randomness, but about proportion.
The exponential decay of time proves that all the focus on studying news, prices, psychology, and mathematical order are indirect ways to study time.
Socrates often said his wisdom was limited to the awareness of his own ignorance. He believed the best way for people to live was to focus on self-development rather than the pursuit of material wealth. Socrates seems to have been notorious for asking questions but not answering, claiming to lack wisdom. Perhaps his most important contribution to western thought is his dialectic method of inquiry, known as the Socratic Method, which he largely applied to the examination of key moral concepts such as the good and justice.
The local priest is happy with the crisis. “People are coming back to churches and the faith is increasing”. The nine-year cycles linked with religion and credit witness increase (decrease) in deposits every nine years linked with the decrease (increase) in the number of people going to church. Bloomberg has repeatedly reported the Hedge funds come-to-Jesus partners meeting, a time for unpleasant confessions and admittance that “I screwed up”.
Challenging Einstein might be blasphemy, but there are a host of papers and published scientific features asking the same question. Was Einstein wrong? Even if he was wrong, what’s that got to do with markets and economics? We already talked about self-similarity of research in ‘The Time Fractal’. Physicists and economists have more in common than what is being published or talked about. If the ongoing research proves that the thinker was wrong, it would bring old schools down and erect new institutions. Though this is not a very comfortable truth, there is nothing wrong in challenging an idea. Moreover, how much truth do we know anyway? And don’t new ideas come from old ideas? Is this not what research is about, learning from the past and unearthing the future.