• 658 days Will The ECB Continue To Hike Rates?
  • 659 days Forbes: Aramco Remains Largest Company In The Middle East
  • 660 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,060 days Could Crypto Overtake Traditional Investment?
  • 1,065 days Americans Still Quitting Jobs At Record Pace
  • 1,067 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,070 days Is The Dollar Too Strong?
  • 1,070 days Big Tech Disappoints Investors on Earnings Calls
  • 1,071 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,073 days China Is Quietly Trying To Distance Itself From Russia
  • 1,073 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,077 days Crypto Investors Won Big In 2021
  • 1,077 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,078 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,080 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,081 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,084 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,085 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,085 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,087 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Ian Campbell

Ian Campbell

Through his www.BusinessTransitionSimplified.com website and his Business Transition & Valuation Review newsletter Ian R. Campbell shares his perspectives on business transition, business valuation and world…

Contact Author

  1. Home
  2. Markets
  3. Other

Smart People Worry, Really Smart People Worry Logically and Unemotionally

Why Read: Because what is said is worth thinking about in order to determine what part of what is said you agree with and deal in a logical and unemotional way with going forward.

Featured Article and MP3: Celente - It's Absolutely Terrifying Where Society Is Headed On April 16 King World News interviewed Gerald Celente, founder of Trends Research. Interpreting what is said at a high level, the article and MP3 speak to the slow, creeping way obvious and not so obvious changes can occur in societies, and how one can wake up one morning and find the their world to be a different place than they perceived it to be the night before.

My Comments: As I read and listened to Mr. Celente, for me the phenomenon he discusses is nothing more or less than continual societal change where there can be more net positives, or alternately more net negatives in any given period of time - where some of those changes are more subtle than obvious, and some are more obvious than subtle.

One again, for many developed country 'Main Streets' there currently seem to be more 'net macro-economic negatives'. Hence everyone ought to be as informed as they possibly can be with respect to important macro-economic drivers including (to name but three):

  • China's current and prospective real and nominal (inflation included) growth rate, and China's concurrent appetite for commodities;

  • U.S. National Debt, Government Deficits (at the Federal, State and Municipal levels), Net Monthly Trade Deficits, Manufacturing Jobs, Housing Starts and Prices, and sustainable Consumer Spending levels; and,

  • Ongoing Eurozone Sovereign Debt and Contagion Issues.

Many people either don't focus on these things because they adopt one or more of the following attitudes:

  • consider them too complicated;

  • are so involved with their day/day lives that they don't take the time to pay attention to them or develop an opinion about them;

  • adopt an "it can't happen to me" attitude; or,

  • Adopt an "I can't influence it so why bother worrying about it" attitude.

At a high level, things aren't all that complicated. What happens in concept and practice at a personal level likewise happens in concept and practice at a country, government (all levels), and individual level:

  • the primary economic tenant is 'simple' - a budget has to be balanced with disposable income over time, or an individual (or family), a country, or a business runs into financial difficulty or worse; and,

  • those who learn, think, worry about, form moving opinions on, and act on those opinions are less likely to 'economically die from a thousand cuts' than those who, like the proverbial lemming, follow the tail of the lemming ahead of them without thinking much if at all about where that 'lemming in front' is leading them.

Think hard about the title of this Commentary. It comes from the mouth of a smart Industrial Psychologist friend who, in the aftermath of a 'very bad day at the office' told me: "you can't imagine how many emotionally mixed-up, very high IQ people are out there flipping hamburgers".

 

Back to homepage

Leave a comment

Leave a comment