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Comment by bigethan | Hacker News Reader

Related: http://www.nytimes.com/2015/11/01/upshot/is-the-economy-real... (plus a great gif in the header)

When economists are unsure what exactly is going on, what does that mean? There's the quote by Buffet, "Be fearful when others are greedy and greedy when others are fearful".

What should one do when others have no idea what's going on?

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I think we are witnessing a massive de-centralization of economics. We seem to live in multi-tiered cellular societies that seem decoupled from one another. People living in the same city are experience vastly different trends with some are struggling, some are prospering.

Like how small startups are able to create value that usually needed large corporate structures, small trends are becoming powerful and independent. People are getting news from a large variety of sources and living in their own bubbles.

The new normal is that there is no normal. Those who are fearful and greedy are both right, but they no longer reside in the same world.

Extrapolating from Buffet's advice, the thing to do when others are uncertain and don't know what's going would be to be extremely certain and know precisely what's going on!

Accomplishing this is left as an exercise for the reader.

I've gotten quite interested in EO Wilson's social biology approach.

What one should do, if one was a politician with the power to do so, is less.

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