It's all relative!

Everything is relative.

Yeah we knew that, but there is a new study out that suggests even happiness is realtive. It is being widely reported today, but I do think it has a big impact in finance. Short version: everything is realtive.

Obviously this is not new. Indeed there was quite a bit on it Gregg Easterbrook's Progress Paradox.

Scotsman.com News - UK - Happiness is besting Joneses