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Saturday, November 17, 2012

Amman Futures, Inflation of Trust

Pagadian city is reeling from the typhoon Amman Futures that visited them since January engulfing many to thy kingdoms come. More of this will unfold in the coming days. Heads will roll, some committed suicide, what will be the next. The future is just unfolding. Click below. Gullibility is relative. Its opposite is not cleverness but the inability to trust. Between the two poles lies a wide range of individual types who make decisions based on a combination of instinct, solid information and firm guarantees. We all belong to any of those types, as do most of Pagadian City’s small savers. As it usually happens, the higher the returns, the greater the risks—meaning, there is little information to go by and no guarantees. In such situations, one tends to go by one’s instincts and the assurances of people whose judgment we trust.

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