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"We cannot predict when the Minsky Moment will occur. Nor can we prevent it, although there are some who try to prolong it – promising a bigger crash."

by Brian Easton

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"The latest figures suggest buyers continue to have plenty of choice as the market kicks off the summer season."

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Eisenhower

Daily briefing for Tuesday, January 18, 2011

Daily briefing for Tuesday, January 18, 2011; Hu, EMU; floods and inflation; Eisenhower's prediction

18th Jan 11, 7:54am

by David Chaston

Daily briefing for Tuesday, January 18, 2011; Hu, EMU; floods and inflation; Eisenhower's prediction

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Occam's Razor: when presented with competing hypotheses about the same prediction, you should prefer the one that requires fewest assumptions. Or, "The simplest explanation is usually the best one."

~ Attributed to William of Occam/Ockham, a 14th-century English philosopher

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