More Pseudo-Paradoxes: Supply and Demand, Experts

Supply and Demand bring equilibrium to he market.

• Baloney.  The economy is built on highs and lows -- there is no such thing as equilibrium.
• For example: not-too-long ago, SUVs were all the rage.  They were expensive.  Now, due to high fuel pices, SUVs are no longer selling.  The prices have dropped considerably.  The high prices of the past and the low current prices reflect the vagaries of demand, NOT equilibrium.
• Home prices -- same concept.  
• Do not participate in the mob mentality.  If everyone is purchasing something and it seems expensive, refrain from buying.  It may take months or years, but you will eventually be rewarded.  Even if the price never comes down, saving that money is reward enough.

Experts who explain what went wrong with the latest market crash/ banking crisis, etc.

• Prior to a crash, there are usually a few pundits who attempt to warn everyone of the impending financial danger.  They are usually shouted down by the "Experts" who preach with religious fervor that everything is okay ... it better be, since they are probably invested in the part of the market that is about to crash.
• After the crash, the "Experts" step in and explain, point-by-point, what went wrong with a scholarly reverie.  MEANWHILE, the few pundits who were right prior to the crash are drowned out AGAIN.
• So, the few pundits who get it right are ostracized prior to a market crash, and largely ignored afterwards.

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For more pseudo-paradoxes, check out Fame/Fraud Matrix and [INSERT WOODY WOODPECKER LAUGH HERE], two ebooks full of dailyskew satire and thoughtful commentaries.  Also, check out these previous DailySkew posts:

Pseudo-paradoxes

More Pseudo-paradoxes

How do they know?

Here are some random quotes I've heard over the years:

"People are clearly inspired by Barack Obama's message. That's why they're voting for him."

"McCain needs to reach out to conservatives; they won't vote for him otherwise."

"America wants change!"

"It's the economy, stupid."

"No team will sign Barry Bonds because of the court case and the public outrage against him."

I have a simple question: How on earth do commentators, pundits, news anchors, and all else KNOW what Americans are thinking, feeling, and wanting?

What. Did they talk to five people walking by before going on the air to get a feel for public sentiment? Do they look at a poll where a majority of people say one thing and then project the image that 100% of the people feel that way?

As one of the few people walking on this blessed earth with a brain, I tire of these tactics. I tire of seeing the effects of these tactics on John Q. Public -- around water coolers, at supermarkets, etc. Average folks tend to parrot what they're verbally fed.

I wish intelligent analysis was considered profitable by the MEDIA.