Roundup and Link Love - Regular People Are Smarter Than Pundits and Government Economists

By Admin | Oct 10, 2008

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Check out this poll from CNN Money. Could it actually be that ordinary, average American citizens are smarter than all the PhD economists, talking heads, politicians, pundits, and lobbyists?

What will get global markets back on track?
A bigger, coordinated rate cut by central banks 4%
Regulatory changes 20%
Another stimulus package 6%
Time 69%

Lesson: Never sell short the common sense of the average person on the street!

From the Life Skills Network:
Back to Basics: establish a personal finance emergency fund @ My Supercharged Life
Three easy ways to limit the advertising in your life @ On Simplicity
11 ways to save on car insurance @ My Dollar Plan
Keep you holiday supplies simple with an inventory and a plan @ Simple Mom
29 tips to prepare your home for winter @ Frugal Dad
How ignorance can lead to success @ Marc and Angel Hack Life

Was Schiefes
Creative Commons License photo credit: martinroell

I’ve been spending this week at a Grand Opening for one of my stores in Pensacola, Florida, home of the US Navy flight demonstration squadron, the Blue Angels. And even though this is the exact view from my hotel room, believe it or not, I haven’t set foot on the beach … yet.

Two restaurant recommendations:

  • Peg Leg Pete’s has some fabulous oyster dishes (as well as great raw oysters).
  • McGuire’s Irish Pub has one of the best steaks I’ve ever had and a fun atmosphere with over $750,000 one dollar bills that are signed and stapled to the ceiling. Yes, three quarters of a million dollars.

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5 Comments so far
  1. Dana October 10, 2008

    Hope you enjoy your time in Pensacola!

    [Reply]

  2. PT (6 comments.) October 10, 2008

    Interesting poll, Ron. Thanks for sharing that.

    I love the beached there in Pensacola. Have fun. At least get your toes in the surf.

    [Reply]

  3. LP October 10, 2008

    WHEW!!! You are right on the title.

    It’s a shame that we are the only ones that know that. :sad:

    If the government would get out of the way, the markets would heave a huge sigh of relief and “right” themselves.
    All the doodling is making a bigger mess.

    Also doing a “perp walk” on this mess would help! That would make everyone happy!!! :grin:

    God bless America!

    [Reply]

  4. MJ October 10, 2008

    I wish the politicians and economists could read this blog :grin:

    [Reply]

  5. Frugal Dad (66 comments.) October 10, 2008

    Thanks for the mention. By the way, I love Pensacola, and I love McGuire’s! There’s a dollar bill somewhere in there with my kids name! I remember thinking the last time we were there–I hope they have good insurance for fire damage.

    My grandfather is a retired Marine Corp pilot, and any time we were close to Pensacola we stopped off at the Naval Air Museum. Enjoy your stay, and have a safe trip home.

    [Reply]

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