[ExI] sounds like a meme to me

Frank McElligott Frankmac at ripco.com
Fri Jan 29 00:36:27 UTC 2010

Could not help think that the the collapse on the U.S. and world markets were caused by a powerful meme, and now at Davos they are creating more without considering their giving life to memes which could cause a double drip recession.

The New York Times recently published an article by R.Shiller titled "An echo Chamber of Boom and Bust." He wrote:
  What happened? Economic analysts often turn to indicators like employment, housing starts or retail sales as causes of a recovery, when in fact they are merely symptoms. For a fuller explanation, look beyond the traditional economic links and think of the world economy as driven by social epidemics, contagion of ideas and huge feedback loops that gradually change world views. These social epidemics can travel as swiftly as swine flu both spread from person to person and can reach every corner of the world in short order.

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