Alphablock

Water, a critical renewable resource, has just started a multi-year boom, which should leave even oil behind. Throwing out the baby with the bathwater is an idiom that has its origins on the monthly bathing ritual in Europe before the 16th century.

It may still be vivid in many investors’ minds the game of the century, ‘Caritas’, the Ponzi* scheme of the early 1990s in Romania. It was owned by Ioan Stoica and attracted over 400,000 investors who gambled over 1 billion dollars because it promised to repay 8 times the amount invested. Although Caritas lasted for…

We humans are strange beings. We love to trash what we create, wealth or peace. It’s a harsh reality. Euphemistically we might call it a new age theory, or evolution. But the reality is that psychology is calling 200-year-old economic thought junk.

If there is something bigger than a stock market crash or a meteor hurtling down on earth, it’s the death of an economic theory. After all, if the economics is right, we can still detect and divert a catastrophe. Economics is why we think we live today and is what we think will be the…

These are the famous words of Geologist Kenneth Deffeyes voiced in FEB 2006. Though the expert reiterated later saying that the words he said were a bit harsh, the quote anyway found its way to the top list of 2007 quotes. Books and cover stories highlight a mass psychology extreme.