Of course if it were that simple we could all become hippies and not worry about anything.
What we do is we predict the sun will come up and we predict that if we put in a good day's work we eat better than if we don't. Predicting the Dow at 36,000 in 2025 is a very safe bet because the big industrials have been doubling every decade for over two centuries. There are some other very safe bets for the shorter term but we can't know everything. If we knew everything life wouldn't be nearly as much fun.
---and wild asses can be a lot of fun...
Happy Monday morning and another short week! This ones supposedly four days but considering the major econ reports are totally done now for 2014, and we only get two on Friday, I'm expecting trade to be slooooooow....
Rapid price swings can still happen though, right now futures are +0.16% stock indexes and -0.27% metals. My thinking is that if a third trader shows up on the floor that prices could swing the other way.
I predict the return of the New, New Communism aka smart cities:
“We all know the symptoms of a bad day. You’re stuck in traffic, stranded with a dead phone, or slammed with a busy schedule; nothing is going according to plan. Unfortunately, the cause of our most stressful days is often the same: people aren’t good at predicting the future.”
Their conclusion is sound, so far, but read on.
“For everyone’s daily schedule to go according to plan, we need to balance our behavior on a large scale. When your activity is in harmony with the people in your community, problems dissolve, sustainability becomes natural, and life is more comfortable. That’s what living in a smart city is all about.”
People aren’t good about predicting the future. If only we had an elite group of central planners who could run things for us. We could call them Planners or Futurists or something and they could tell us what was going to happen over the next 5 years...
http://qz.com/312865#1/smart-cities-are-coming-heres-what-they-will-know-about-us/
It’s sponsored content by Hitachi. Maybe they can do for us what they’ve done to Japan?