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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Little Joe who wrote (82743)8/5/2008 11:24:16 PM
From: koan  Read Replies (2) of 116555
 
Koan and others intersted in "global warming".

Found this site today and thought some might find it interesting.

nationalpost.com

Little joe

KOAN: little Joe here is the hole in the appraoch of using any one particular opinion. Lots of disagreement. Now it is possible that this guy and a few others are correct and the vast perponderance of PHD atmospheric chemists are wrong. Because most of the best atmospheric chemists say differently!! They say man is causing it and it is critical.

Einstein, Darwin and Issac Newton were right and everyone else was well, not so much wrong as clueless-lol.

But statistician's and poker players will never take the bet that goes against the odds.

They know that most of the time and over the long run when the odds favor the house, or the NULL hyothesis is rejected, the house wins and global warming is not due to random chance-lol.

Furthermore, lets say the odds are exactly 50/50, no lets say the odds are 90/10 in the favor of global warming being random cycles.

Do we just ignore the 10% chance?

I love Barack-lol. When McCain made fun of Barack making the very well known fact that fully inflated tires help greatly reduce gas consumption he said: "They acct like being ignorant is a good thing".-paraphrased-lol

Cheers,
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