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	<title>Comments on: Robert Shiller: How Animal Spirits Drive the Economy</title>
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	<link>http://www.ritholtz.com/blog/2009/03/robert-shiller-on-animal-spirits-how-psychology-drives-the-economy/</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2009/03/robert-shiller-on-animal-spirits-how-psychology-drives-the-economy/comment-page-1/#comment-151155</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Fri, 06 Mar 2009 17:09:58 +0000</pubDate>
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		<description>ef, 

that&#039;s sweet, you should write more, and more often, like that..

this: &quot;Does the macroeconomic system have limits that are based on a maximum debt load paired with over production of assets, paired with asset overvaluation, and paired with jobs in the real economy that produce those goods and carry that debt load?&quot;

is the true crux of the issue at hand.

destination Economy(.6x), next stop..</description>
		<content:encoded><![CDATA[<p>ef, </p>
<p>that&#8217;s sweet, you should write more, and more often, like that..</p>
<p>this: &#8220;Does the macroeconomic system have limits that are based on a maximum debt load paired with over production of assets, paired with asset overvaluation, and paired with jobs in the real economy that produce those goods and carry that debt load?&#8221;</p>
<p>is the true crux of the issue at hand.</p>
<p>destination Economy(.6x), next stop..</p>
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		<title>By: the economic fractalist</title>
		<link>http://www.ritholtz.com/blog/2009/03/robert-shiller-on-animal-spirits-how-psychology-drives-the-economy/comment-page-1/#comment-150979</link>
		<dc:creator>the economic fractalist</dc:creator>
		<pubDate>Fri, 06 Mar 2009 02:26:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=20923#comment-150979</guid>
		<description>The Science of Saturation Economics

The value of individuals&#039; assets is growing: animal spirits are high; the value of individuals&#039; assets are declining; one has lost his house, lost his car; lost his job: is homeless and cold: animal spirits are low.  What is this? At some point between the first derivative of  money supply growth in the real economy and corresponding  asset valuation growth and the first derivative of money supply decline in the real economy and correlative asset valuation decline, animal spirits too under correlative transition.  What is cause and what is effect?  Does the macroeconomic system have limits that are based on a maximum debt load paired with over production of assets, paired with asset overvaluation, and paired with jobs in the real economy that produce those goods and carry that debt load?  The question is rhetorical.  &#039;Animal Spirits&#039; are  the qualitative way that someone trained in psychology views the world.  But human psychological states  of elation and depression while part of the system are qualitative cause and effect epiphenomenon of an elegantly quantitative macroeconomic system that transitions through its growth, saturation areas, and decay periods in a highly predictable manner - a manner with simple mathematical patterns or &#039;laws&#039; akin to the scientific laws of physics and chemistry - and  exactly represented by the transitioning total money supply and interchangeable money equivalents that are undergoing  integrated rotational  quantum fractal valuation growth, saturation, and decay of  the complex macroeconomy&#039;s various tradeable assets</description>
		<content:encoded><![CDATA[<p>The Science of Saturation Economics</p>
<p>The value of individuals&#8217; assets is growing: animal spirits are high; the value of individuals&#8217; assets are declining; one has lost his house, lost his car; lost his job: is homeless and cold: animal spirits are low.  What is this? At some point between the first derivative of  money supply growth in the real economy and corresponding  asset valuation growth and the first derivative of money supply decline in the real economy and correlative asset valuation decline, animal spirits too under correlative transition.  What is cause and what is effect?  Does the macroeconomic system have limits that are based on a maximum debt load paired with over production of assets, paired with asset overvaluation, and paired with jobs in the real economy that produce those goods and carry that debt load?  The question is rhetorical.  &#8216;Animal Spirits&#8217; are  the qualitative way that someone trained in psychology views the world.  But human psychological states  of elation and depression while part of the system are qualitative cause and effect epiphenomenon of an elegantly quantitative macroeconomic system that transitions through its growth, saturation areas, and decay periods in a highly predictable manner &#8211; a manner with simple mathematical patterns or &#8216;laws&#8217; akin to the scientific laws of physics and chemistry &#8211; and  exactly represented by the transitioning total money supply and interchangeable money equivalents that are undergoing  integrated rotational  quantum fractal valuation growth, saturation, and decay of  the complex macroeconomy&#8217;s various tradeable assets</p>
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