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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Mr. BSL who wrote (12226)	3/4/2000 8:28:00 AM
From: Jeffrey D	Respond to of 15132

Fed. Governor Meyer says productivity explosion has made their economic forecasting equations obsolete. I wonder if the same could be said for a portion of BB's model. Oh yeah, Meyer says more rate hike{s} needed. Jeff "Meyer and other Fed policy-makers have said a surge in worker productivity has made the old equations out-of-date and made forecasting economic developments more difficult for central bankers. ``Structural changes of uncertain magnitude and timing have increased the difficulty in forecasting, undermined confidence in our understanding of the structure of the economy, and increased the risk of measurement error with respect to key variables,' Meyer said." quote.bloomberg.com