I have concluded that most PhD economists under appraise the power of the common-stock-based "wealth effect", under current extreme conditions. . "wealth effects" involve mathematical puzzles that are not nearly so well worked out as physics theories and never can be. . . . what has happened inJapan. . . has shaken up academic economics, as it obviously should, creating strong worries about recession from "wealth effects" in reverse.
The people themselves, and not their servants, can safely reverse their own deliberate decisions.
But Obama is a cool cat. We've seen that before: when he suffered reverses he didn't react immediately. He took a couple of days to react.
Every time we do something # GOOD. We # RISE a little bit in our OWN eyes and the # REVERSE is just as # TRUE.
For the first two years of a child's life, we spend every waking hour tryibg to get the child to communicate. Then we spend the rest of our lives trying to figure out how we can reverse the process.
See, decide, attack, reverse.
A good engineer thinks in reverse and asks himself about the stylistic consequences of the components and systems he proposes.
Good traders liquidate when they are wrong, great traders reverse when they are wrong
Individuality is either the mark of genius or the reverse. Mediocrity finds safety in standardization.
Life is lived forward but is judged in reverse.