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EconProf
ParticipantSduuuuude: Well put indeed.
You should be teaching economics to those minds-of-mush college students.
BobSParticipantSduuuuude: Well put indeed.
You should be teaching economics to those minds-of-mush college students.
BobSParticipantSduuuuude: Well put indeed.
You should be teaching economics to those minds-of-mush college students.
BobSParticipantesmith: You are correct. You must be an engineer.
And apparently Roubini, Mish, and other economists using these terms have hijacked them and are using them incorrectly.
The old term, vicious cycle, has been replaced by the more grandiose conversation-stopper, NEGATIVE FEEDBACK LOOP. But you are right–it means a self-dampening process, neither good nor bad, positive nor negative.
Kewp, I’ve had the opposite experience, seeing a 90% empty restaurant at 7:00 p.m. Tuesday, and a Home Depot with many idle clerks and empty registers. Shows we can’t trust anecdotal evidence (including mine).Participantesmith: You are correct. You must be an engineer.
And apparently Roubini, Mish, and other economists using these terms have hijacked them and are using them incorrectly.
The old term, vicious cycle, has been replaced by the more grandiose conversation-stopper, NEGATIVE FEEDBACK LOOP. But you are right–it means a self-dampening process, neither good nor bad, positive nor negative.
Kewp, I’ve had the opposite experience, seeing a 90% empty restaurant at 7:00 p.m. Tuesday, and a Home Depot with many idle clerks and empty registers. Shows we can’t trust anecdotal evidence (including mine).Participantesmith: You are correct. You must be an engineer.
And apparently Roubini, Mish, and other economists using these terms have hijacked them and are using them incorrectly.
The old term, vicious cycle, has been replaced by the more grandiose conversation-stopper, NEGATIVE FEEDBACK LOOP. But you are right–it means a self-dampening process, neither good nor bad, positive nor negative.
Kewp, I’ve had the opposite experience, seeing a 90% empty restaurant at 7:00 p.m. Tuesday, and a Home Depot with many idle clerks and empty registers. Shows we can’t trust anecdotal evidence (including mine).Participantesmith: You are correct. You must be an engineer.
And apparently Roubini, Mish, and other economists using these terms have hijacked them and are using them incorrectly.
The old term, vicious cycle, has been replaced by the more grandiose conversation-stopper, NEGATIVE FEEDBACK LOOP. But you are right–it means a self-dampening process, neither good nor bad, positive nor negative.
Kewp, I’ve had the opposite experience, seeing a 90% empty restaurant at 7:00 p.m. Tuesday, and a Home Depot with many idle clerks and empty registers. Shows we can’t trust anecdotal evidence (including mine).Participantesmith: You are correct. You must be an engineer.
And apparently Roubini, Mish, and other economists using these terms have hijacked them and are using them incorrectly.
The old term, vicious cycle, has been replaced by the more grandiose conversation-stopper, NEGATIVE FEEDBACK LOOP. But you are right–it means a self-dampening process, neither good nor bad, positive nor negative.
Kewp, I’ve had the opposite experience, seeing a 90% empty restaurant at 7:00 p.m. Tuesday, and a Home Depot with many idle clerks and empty registers. Shows we can’t trust anecdotal evidence (including mine).ParticipantA great in-depth description of why California’s problems are going to get a lot worse. Negative feedback loops galore, in housing, employment, foreclosures, fiscal deterioration, and more.
What the author doesn’t fully include, which makes the problems even worse, are time lags. Since there is a period between the economic deterioration and the accumulation and publication of data showing same, and then a further lag between several months of data and the public and politicians’ recognition of it, and then a further action lag (policy changes, consumer belt-tightening, etc), the chain of time lags will make the downtrend deeper and longer than now believed.ParticipantA great in-depth description of why California’s problems are going to get a lot worse. Negative feedback loops galore, in housing, employment, foreclosures, fiscal deterioration, and more.
What the author doesn’t fully include, which makes the problems even worse, are time lags. Since there is a period between the economic deterioration and the accumulation and publication of data showing same, and then a further lag between several months of data and the public and politicians’ recognition of it, and then a further action lag (policy changes, consumer belt-tightening, etc), the chain of time lags will make the downtrend deeper and longer than now believed.ParticipantA great in-depth description of why California’s problems are going to get a lot worse. Negative feedback loops galore, in housing, employment, foreclosures, fiscal deterioration, and more.
What the author doesn’t fully include, which makes the problems even worse, are time lags. Since there is a period between the economic deterioration and the accumulation and publication of data showing same, and then a further lag between several months of data and the public and politicians’ recognition of it, and then a further action lag (policy changes, consumer belt-tightening, etc), the chain of time lags will make the downtrend deeper and longer than now believed.ParticipantA great in-depth description of why California’s problems are going to get a lot worse. Negative feedback loops galore, in housing, employment, foreclosures, fiscal deterioration, and more.
What the author doesn’t fully include, which makes the problems even worse, are time lags. Since there is a period between the economic deterioration and the accumulation and publication of data showing same, and then a further lag between several months of data and the public and politicians’ recognition of it, and then a further action lag (policy changes, consumer belt-tightening, etc), the chain of time lags will make the downtrend deeper and longer than now believed.ParticipantA great in-depth description of why California’s problems are going to get a lot worse. Negative feedback loops galore, in housing, employment, foreclosures, fiscal deterioration, and more.
What the author doesn’t fully include, which makes the problems even worse, are time lags. Since there is a period between the economic deterioration and the accumulation and publication of data showing same, and then a further lag between several months of data and the public and politicians’ recognition of it, and then a further action lag (policy changes, consumer belt-tightening, etc), the chain of time lags will make the downtrend deeper and longer than now believed.ParticipantTG: My only regret is that you may have less time for posting here. Tell us that won’t happen.
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