I've just been watching a Horizon programme, "How to Survive a Disaster". One part is about a 1960s experiment, where people were invited into a room and given paperwork to fill in, and then the experimenters started to force smoke under the door.
If alone, 75% of the guinea pigs left soon to report a possible fire; but if surrounded by actors who pretended nothing was wrong, only 10% raised the alarm, even though the smoke eventually got so bad that they could hardly see anything.
Rings bells for me.
By the way, I won't be surprised if the Dow rises above 9,000 points at some point, before the smoke gets too thick.
I see gold's under $900...
Interesting. I'm seeing grumbles that nothing's wrong. My own company's sales are up, houses are selling in my town, and stores that were once wall-to-wall in unsold inventory are now back to normal. I figure, if it holds, we're in for dizzying inflation. The muck hasn't been shoveled out yet; if we recover already, every step will be weighted down with muck. The muck has to come out somehow, somewhere, before I'll feel comfortable that things are okay.
ReplyDeleteI share your view, Anon. Someone will pay the bill sometime.
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