tag:blogger.com,1999:blog-3823302.post-188331942962957122008-04-23T15:38:00.002-04:002008-04-23T16:53:16.794-04:00Self Fulfilling Prophecy Meets Market RealitiesIt is normal human nature, I believe, to want to get caught up in <a href="http://tinyurl.com/jo2l9">bubbles</a> and <a href="http://tinyurl.com/otlyv">panics</a>. The thought of getting something for nothing or losing something for nothing is strong within the human psyche, and so it is no surprise that with spiraling inflation there are people buying into the current <a href="http://tinyurl.com/5mntlc">food panic</a>. Bubbles and panics tend to go right past the (allegedly) thoughtful forebrain and hit right back into the lizard brain that we all still have. And if you're a person who's not particularly keen on understanding and controlling the lizard brain...bingo, you're in a bubble or a panic.<br /><br />This is not to say that costs aren't up and shortages aren't real. Costs are traceable to both<a href="http://tinyurl.com/6c86ks"> inflation</a> and to the idiot <a href="http://tinyurl.com/39hpna">food-into-fuel*</a> panic that is currently in vogue.<br /><br />So this will be another one of those interesting things to watch as it unfolds. Will the stampeding herd pull back in time? Will they overrun the pasture and wipe out the whole food chain? Stay tuned...and maybe pick up some tulips for a light snack in the meantime.<br /><br /><br />*I know - the link is to Australia, but it's current and well-written and doesn't lose anything in the translation to American.The Infamous Oregon Lawhobbithttp://www.blogger.com/profile/07842255699950841410noreply@blogger.com