Word: illusionism
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Barack Obama arrived in Strasbourg on Friday for this weekend's NATO summit enthusing about the military organization, which he described at a joint press conference with French President Nicolas Sarkozy as "the most successful alliance in modern history." That it may have been. But Obama's praise contrasts starkly...
Offensive explosions in baseball often have the same effect as using bubblegum to plug up a leaky faucet.They can serve as a temporary fix, momentarily masking deficiencies and creating the illusion of a fundamentally sound operation.But as the Harvard baseball team found out yesterday, sharp line drives into the gaps...
“Someday we’re not gonna be here,” says protagonist Troy Gable in “The Great Buck Howard,” “and if that’s the case, I wanna spend the time I have here doing...
"By producing an illusion of personal control," the authors write, "power may cause people to lose touch with reality in ways that lead to overconfident decision-making." (Read "Gut Decisions May Not Be Smart.")
The market can drop forever or at least it may seem that way. There is no point in sustaining the illusion that the market has to rise the way it did over the last several years. The economy may remain moribund and leave no reason for equities to rise.