An Exploration into the possibility that everything we as individuals commonly see as fixed is actually infinitely variable.
Warning: This can cause headaches. In the event that you look at some of what you can find, parts of your personality may break up/break off/die.
While it is a frightening prospect for some, the actual pain
of that headache only lasts a short while relative to the big
picture of time as the language for measuring relativity of
experience.
Thursday, March 25, 2010
Fore-casting is generally WRONG. Watch an expert explain that
There was a piece on Huffpost today (the link for that is on my Facebook page) where the guy was parsing a recent Greenspan talk and then accusing him of being a bunch of things. As with these pieces generally, rather than say what was not said, he just rips the guy and implies deceit. If you are doing your homework, then you should understand what he is saying and what he is not saying. Remember Parsing the FED? In order to understand clearly, you need to have the Greenspan perspective. You get that from his testimony to the Senate Banking Committee in Oct 08 where he explains very very clearly that the best of the best (supposedly those working at the FED) in Forecasting (what Greenspan does now privately and essentially what he did publicly at the FED) are wrong 40 percent of the time.
No comments:
Post a Comment