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Showing posts from October 11, 2011

Elder Ballard's Statement during the May 2011 missionary reunion

Elder Ballard's Statement during the May 2011 missionary reunion
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Last May I took my father down to SLC to his missionary reunion where Elder Ballard spoke. He and my father served in England just after the war and this time he was the main speaker at the gathering. He told his fellow missionaries that they could ask him any questions they wanted about what was happening in the church and the world. There were a lot of questions, but one of Elder Ballard's comments stuck with me like no other. Maybe it will be interesting for some of you in light of Elder Packer's comment. He said, "Things are happening much, much faster than even the brethren had anticipated." That is a direct quote. I remember it clearly because it struck me so poignantly. He was referring to the events prior to the second coming in his comment.
For me, this clarifies Elder Packer's somewhat illusive remarks. …

"Unrealistic optimism"

Most people when they are faced with facts about the risks of something underestimate them significantly if they are optimists and most people are intrinsically optimists?

"Unrealistic optimism is a pervasive human trait that influences domains ranging from personal relationships to politics and finance. How people maintain unrealistic optimism, despite frequently encountering information that challenges those biased beliefs, is unknown. We examined this question and found a marked asymmetry in belief updating. Participants updated their beliefs more in response to information that was better than expected than to information that was worse."

So it seems like everytime there is a new project like the SLC downtown construction, MTC construction, temple construction, etc. it means that all will be well at least until all construction stops at least that is what some hopeful optimist wants...

I think we all do this but in different ways

udent Squirrel: Newsletter - Edition 278 - 9 October (severe economic depression)

udent Squirrel: Newsletter - Edition 278 - 9 October (severe economic depression)
Newsletter - Edition 278 - 09 October 2011
By Christopher Laird
Bank crisis heating upLikely a severe economic depression unfolding.Commodity leverageMid-EastCareful of this March on Wall Street

Bank crisis heating up
This is a sobering letter so be warned.

We have all followed the ups and downs of the EU situation for a year and a half. I put out an alert that things are heating up badly. That was based on the number of alarmed articles increasing and serious commentary by EU bankers of all stripes that it’s worsening and that they are only talking about talking at some point.

IE there is no agreement to do an EU sovereign debt solution, Germany is about done and there are even stories (unverified) that possibly Germany is preparing for an exit from the Euro.

The discussion is presently centering on not only the Sovereign debt problems of Greece, Spain, and Italy – but in particular the CDS markets where n…