by
Editorial Staff
2/15/2008 1:00:00 PM
The law of supply and demand reigns at the shopping mall because consumers are pretty certain of their needs and resources, so they can reason their way through the decision process. But investors are uncertain because they have no basis to decide a fair price.
Filed Under:
herding, socionomics
Category:
Classic Prechter
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by
Alan Hall
2/20/2007 1:15:00 PM
"Tire Reef off Florida Proves a Disaster," read a USA Today headline. About two million old tires were dumped in the ocean off Fort Lauderdale in 1972 in an attempt to simultaneously create an artificial reef and reduce the mosquito-breeding habitat provided by old tires. "Now" we find that marine life won't grow on the tires, which break loose, move around, scour the bottom, damage natural reefs and wash up on beaches. To retrieve and dispose of a single tire from the ocean costs about $16. A main proponent of the tire reef plan, an otherwise respectable professor of "ocean engineering" at a Florida university, says, "I look back now and see it was a bad idea."
Filed Under:
herding, consensus, paradigm
Category:
Cultural Trends
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