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" ... Explore the contradictory view: We naturally gather evidence to support our existing beliefs. Remember to do the opposite too. Ask: “How might I collect data and examples that would disprove this idea?” ... "
" ... It does seem contradictory that rates are rising at the same time the economy is weakening! But, that’s exactly what we have. And it is based on the perception that the Congress can and will enact new stimulus, if not immediately, then soon after Mr. Biden takes office. In addition, there is a relatively new economic notion called “Modern Monetary Theory” (MMT) that postulates that a sovereign nation can print as much money as it desires, the only barrier being the nation’s inflation tolerance. And, if there is no “inflation,” then no harm, no foul. (In the case of the U.S., this isn’t exactly correct, as the country benefits greatly from the dollar’s status as the world’s reserve currency. We already see the dollar’s value weakening, and excessive money printing will have a huge impact there – but, I digress; this is a topic for another blog.) Of course, today’s politicians have happily glommed onto this “Theory,” as they will no longer have to defend deficit spending. ... "
" ... So, what should we do when much of the well-meaning advice is contradictory and feels detached from our actual lived experience? How can we make sense of our current situation while balancing so many opposing perspectives? Almost daily, I get asked some variation of the following: “What do I do now? What will happen to my [insert a noun here: life, career, relationship, health, wealth, etc.] in the coming months and beyond?” These are all good, important questions! And a healthy dose of self-reflection is an important component of our psychological well-being. It can lead to a better understanding of ourselves, help us stay focused on what we need to get done and keep us safe. This is especially beneficial in times of crisis. But focusing too much on our own needs can leave us blind to the plight of others, and in extreme cases, can lead to full-blown narcissism. ... "
" ... When your body language is in alignment with what you’re saying, you reinforce your pitch. But if your body language sends a contradictory message, and potential investors are forced to choose, they will most likely disregard what they hear and believe what they see. ... "
" ... Your business may be at the intersection of multiple, contradictory indicators, pulling you in very different directions. For example, one indicator may make it clear that the middle of a pandemic is not the time to open a storefront given social distancing and periodic lockdowns. Yet, the other indicator—growth in the modest fashion sector—says that opening a store is worth the risk. When you have to decide, how do you determine when to "say yes to one and let the other one ride," as The Lovin' Spoonful put it? ... "