Look up 'Nomalcy Bias'
There is no greater disaster than to underestimate danger. Underestimation can be fatal.
To: appalachian_dweller; OldPossum; DuncanWaring; VirginiaMom; CodeToad; goosie; kalee; ...
2 posted on
11/17/2011 10:50:25 AM PST by
Kartographer
(".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
To: Kartographer
Anybody remember that scene in the movie, The Pianist, where he is asked to stop playing so a couple of guys can bounce some gold coins to see if they are real?
I think that in a way, we are there now.
3 posted on
11/17/2011 10:54:36 AM PST by
cuban leaf
(Were doomed! Details at eleven.)
To: Kartographer
Baloney. If they had any money in investments for retirement, they have been significantly affected.
4 posted on
11/17/2011 10:56:54 AM PST by
Kirkwood
(Zombie Hunter)
To: Kartographer
"Their experience with the poor economy is second-degree
what they read in the papers or see on TV. But overall they live in a bubble."
Perhaps they live a more prepared, conservative life.
5 posted on
11/17/2011 10:58:30 AM PST by
Paladin2
To: Kartographer
The gorilla in my room is named “Obadiah” and he keeps pestering me to get a Wii.
7 posted on
11/17/2011 10:59:32 AM PST by
Winstons Julia
(Hello OWS? We don't need a revolution like China's; China needs a revolution like OURS.)
To: Kartographer
I see normalcy bias people, and some of them, they don’t know they are normalcy bias.
To: Kartographer
The same thing happens when a nation collapses. Everything is fine until it isnt. Look at how quickly the situation deteriorated in Greece. Or Argentina.
I was in Mongolia after the collapse of the Soviet Union. Visited one of the former state run farms, these were huge operations. I walked through one large livestock building, it was stripped. My eyes started at the top and worked down and you could just imagine what happened when the phone call came that USSR was broke. Upper Management grabbed all the cash and fancy cars. Middle management grabbed the machinery and livestock. The employees were the last to know and grabbed what they could. Then my eyes looked down and saw that the manure chain was still full. NO ONE RAN THE MANURE CHAIN THE LAST TIME - IT HAPPENED THAT FAST.
The upside is that life went on, it wasn't the same but it went on and that will be true for us also.
11 posted on
11/17/2011 11:07:41 AM PST by
PeterPrinciple
( getting closer to the truth.................)
To: Kartographer
In fact, these are the people managing the business at hand.
They have the means to expand their business, but will not do so because everyday reveals another unanticipated cost of doing business, due to regulation or threat of new taxation.
Key to a successful business is managing risk, which means bounding the uncertainty to which you expose your enterprise.
18 posted on
11/17/2011 11:19:49 AM PST by
G Larry
(Catholic Conservative Supporting Israel!)
To: Kartographer
20 posted on
11/17/2011 11:21:23 AM PST by
blam
To: Kartographer
29 posted on
11/17/2011 12:26:37 PM PST by
vanilla swirl
(We are the Patrick Henry we have been waiting for!)
To: Kartographer
31 posted on
11/17/2011 12:38:10 PM PST by
Graewoulf
( obama"care" violates the 1890 Sherman Anti-Trust Law, AND is illegal by the U.S. Constitution.)
To: Kartographer
36 posted on
11/17/2011 3:06:32 PM PST by
GlockThe Vote
(The Obama Adminstration: 2nd wave of attacks on America after 9/11)
To: Kartographer
People are clueless.I saw a local news report that more people are traveling for turkey day tired of having no money.People will still spend money to keep them not so depressed.
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