Well, darn it!, I feel vindicated at long last... I've been harping on the need to focus on the Real Economy (tm) for so long in this blog, I was beginning to feel like a "nut".
Lo and behold, Reuters just ran an article on the theme: Crisis forces "dismal science to get real". Out go "rational expectations", "supply and demand", econometric formulas, etc. and in come... Argentinian ants, of all things (read the article).
As Real As It Gets, Apparently..
Here's another "shock" from the Reuters report: testosterone levels in human "players" are more important than risk-return analysis (duh.. anyone who's been around a dealing room/trading floor could have told 'em, several dozen years ago, even).
Mmm... better lay off the bug spray. It may prove dangerous to your (financial) health.