... seeking simple answers to complex problems, and in the process, disrupting the status quo in technology, art and behavior.
I'm going to start a post here which I will update from time to time to make my economic predictions a matter of public record. Some of these are summarized from the past. The rest are current, predicting the future.
04-23-14 - I've been collecting data for this post since 2010. Considering recent prices for art, it's past time to release it:
1988 Jeff Koons sculpture of Buster Keaton on a horse - sold for $5 million 12-17-12
Economic bubbles are fascinating specifically because they have little to do with economics, and everything to do with human behavior. In other words, little to do with logic, and everything to do with intuition.
Goods and services have a fundamental value reflected in how the thing contributes to our calories or shelter. Yes, there's more to life than than being fed and dry, but values become more abstract and subjective once security, health and aesthetics become factors. And things get REALLY crazy when human vanity, greed and speculation are brought to bear. These last factors are the source of economic bubbles.
The season's started! Here's a major new project being developed in Reno at the Generator:
Like many, I've been skeptical of left / right brain theory for decades. The data seemed fluffy, with too many exceptions. Then I encountered this TED video:
First posted 08-03-12