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It'll all work out.......Trust them...........
Commented Feb 2, 2012 on I Don't See How This Can Continue at Tim Duy's Fed Watch
I Don't See How This Can Continue
The European unemployment numbers are out. The story from the Financial Times: Unemployment in the 17 euro countries climbed to 10.4 per cent in December, with the November rate revised upwards to the same rate, setting a fresh record since the introduction of the single currency in 1999. So-c...
"Suppose you assign a group of students to flip a coin 200 times and write down the results. Some of them actually do it, while others fake it. I could spot the fakes in a heartbeat, and so could you with a little practice. Most people do not understand what random data looks like, so they do not know how to fake it. They do not understand that "streaks" happen."
But maybe you are too confident that you could spot the fakes based on what you "think" randomness really looks like. Seems you think a lack of streaks implies faking. But reality is, in true randomness there is no way to be certain you spotted a fake....
Commented Jan 19, 2012 on Why the average investor is bamboozled by recession forecasts at A Dash of Insight
Why the average investor is bamboozled by recession forecasts
I have a problem. I cannot teach my research methods course in one short article - -not even the undergraduate version. Since the topic is so important I want to do it right by conveying the most important features. While readers of this article may not be able to write a critique of various r...
Odd, last time I checked Ron Paul was also a candidate.......
Commented Jan 19, 2012 on "Department of Duh" at Economist's View
"Department of Duh"
James Kwak: Department of “Duh”, by James Kwak: The Times has a story out today: Surprise, all the Republican candidates’ tax plans increase the national deficit! The numbers (reduction in 2015 tax revenues, from the Tax Policy Center): Romney: $600 billion Gingrich: $1.3 trillion (Late l...
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