Obama's Reflexivity Problem

Today, the market pummeled banking stocks as it worked to come to terms with the increasing prospect of a bank nationalization. In a sort of self-fulfilling prophecy, each drop in the ticker makes a bank nationalization that much more likely. 

However necessary, a bank takeover may become, it represents a political scarlett for the President, who runs the risk of being branded a 'socialist'.  Indeed, George Soros may be the only liberal smiling at the moment, as the "reflexive" phenomenon taking a place -- a sort of negative feedback loop -- is the premise of many of his most successful market plays.


Obama's current tack seems to be to deny the possibility of a grand takeover and hope Presidential reassurances are strong enough to beat back the force of the market herd.  This is precisely the sort of misplaced hopefulness that the President has been wise to avoid thus far, and it's not likely to succeed in doing anything but proving him to be a step behind the market.  Instead, he should be preparing a grand argument for a swift and strategic intervention -- reframing nationalization as a reasonable step in extraordinary times -- and pointing to the precedents that underscore that fact.  To do anything else at this point is simply tilting at windmills.

Compelling speakers do these 4 things every single time

The ability to speak clearly, succinctly, and powerfully is easier than you think

Former U.S. President Barack Obama speaks during a Democratic Congressional Campaign Committee rally at the Anaheim Convention Center on September 8, 2018 in Anaheim, California. (Photo by Barbara Davidson/Getty Images)
Personal Growth

The ability to communicate effectively can make or break a person's assessment of your intelligence, competence, and authenticity.

Keep reading Show less

Intimacy and sexual desire in couples can be heightened by this practice

Researchers discover a link between nonverbal synchronization and relationship success.

Pixabay
Sex & Relationships
  • Scientists say coordinating movements leads to increased intimacy and sexual desire in a couple.
  • The improved rapport and empathy was also observed in people who didn't know each other.
  • Non-verbal clues are very important in the development stages of a relationship.
Keep reading Show less

How 'dark horses' flip the script of success and happiness

What defines a dark horse? The all-important decision to pursue fulfillment and excellence.

Big Think Books

When we first set the Dark Horse Project in motion, fulfillment was the last thing on our minds. We were hoping to uncover specific and possibly idiosyncratic study methods, learning techniques, and rehearsal regimes that dark horses used to attain excellence. Our training made us resistant to ambiguous variables that were difficult to quantify, and personal fulfillment seemed downright foggy. But our training also taught us never to ignore the evidence, no matter how much it violated our expectations.

Keep reading Show less