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Now HERE is an article that maybe we all in the business maybe should have read back in January 2005. If you have the spatial fortitude for a highly
definitive (comparative) interpretation of maybe what the world’s economies are currently experiencing, and you have the will to read it in its entirety, I encourage you to do so.
And, as you read it, should you so decide to, please symbolically compare our current financial predicament with
a topic that many learned individuals are attempting to bring to our
attention, that being something called ‘global warming."
How often,
RECENTLY, have you heard folks in the financial and mortgage industries
comment that we should have seen this mess coming?
The following is an excerpt of this article:
"…History is replete with examples of social organizations, whether a business or a nation, that failed to perceive the realities of a changing environment and didn't adapt in time to prevent calamity. Hubris and a self-reinforced dynamic of mass delusion characterize the waning phases of these once powerful groups. In hindsight we ask, "What were they thinking? Wasn't the situation obvious to everyone? The evidence is so clear!" Here's the question we should ask next: "Is history now repeating itself?…."
http://www.mindfully.org/Reform/2005/Mass-Delusion-Neurobiology11jan05.htm
"Thank you and good night."
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Terry, This is a good example of scientific arrogance. When you don't agree with their conclusions they say that you just don't get it. And then they give "scientific" evidence to prove their case.
Maybe most people don't get it, but that doesn't "prove" the validity of their thesis.
It is like that old saying, "just becauses you are paranoid, it doesn't mean that they aren't after you."
I for one think that if Global Warming" is a reality, it is a blessing in disguise. It will hold off the next cataclysm by reducing the weight of the ice cap on the poles.
Bill Roberts