Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 159.13

-4.4%

Nov 11 3:59 PM EST

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To: Robert Douglas who wrote (10461)	7/18/2002 12:39:33 PM
From: Jim Willie CB	Read Replies (3) of 10921

your economist profession is an embarrassment to stasticians many research reports are bought and paid for with desired hypotheses supported and discontinued business when not supporting political forces have unfortunately rendered most economists as cheerleaders for political leaders the average error for GDP forecasts is almost 100% the average range for GDP forecasts is about 150% straight-line rear-view mirror forecasts are the order of the day discontinuous effects such as declining dollar are dismissed routinely CPI, Productivity, Unemployment now totally corrupted as statistics plenty of good economists out there but they are vastly in the minority their job is not so much to produce data and reports it is to interpret and to forecast their performance is absolutely dismal in the last 20 years an example of vacuous economic forecasting in late 1990's economists warned of "uncontrollable inflation" if unemployment went under 6%, then repeated the refrain if it went under 5% it did so, without inflation called the Phillips Curve, an example of incompetent heresy economists failed to factor in the Mexican labor pool NAFTA made the labor pool much larger economists stuck to their "wrong guns" for half a decade they are continually falling victim to old era factors that are largely irrelevant today they are continually serving as cheerleaders e.g. Samuelson defending the dollar printing parade he is a celebrity among the Harvard School of thought I know economists who know nothing about gold who think a cheaper dollar will benefit both exporters and importers within the USA both those guys are VP's in firms economics has become a marketing sideshow for politicians econmoists are focusing now on the wrong thing: INVENTORY LEVELS and missing the DEBT COLLAPSE, CAPEX STRIKE I know about 15 economist only one is competent in my view he went from Lexington's DRI to the USGovt OMB economists are an embarrassment to the statistics profession / jim (PhD Statistics)

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