Financial nose

It's obvious that we'll need this. However, there are many issues to address, such as motivation, measure, etc.

We can look at the general market issue or address specifics such as retirement (where the motive is not richness so much as moderate wealth (beyond sustenance)).

Remarks:

12/13/2008 -- Much water has passed under the bridge. But, new types of revelations continue to arise.

10/27/2008 -- Yes, things fell apart for several reasons: fiction, leverage, and more.

10/11/2008 -- It keeps getting more interesting.

08/24/2008 -- One example where we see a 9 to 1 increase off of $100K is equivalent to a reserve ration of 10% which can be considered a historically low figure for the reserve or a high multiplier. This notion is related to leveraging in the sense of creating something out of nothing from one view. Of course, as argued before, the lowering of the reserve ration goes hand in hand with increasing use of mathematics through growing computational prowess which can exacerbate the Minsky ponzi tendencies, as we've seen of late. If we're going to model the economy via computation, why not base it on some physical analog, like energy (no endorsement intended)?

Modified: 12/13/2008