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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: tonka552000 who wrote (789)	9/17/2003 11:43:44 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 110194

most smart business folks never studied economics in college and worse... most who studied economics in college and graduate school learned fallacious foundations I am reminded of a smart VP in my old firm he thought that with a falling USDollar, asian import prices would decline !!! he has a B.S. in Economics I explained the errors of his ways one year later, he laid me off sadly, marketing and promotional strategy has replaced macro-economic thought even at the policy making levels in govt here is my article again financialsense.com "A Statistician's Indictment of Economists" The People of the United States of America hereby declare charges against the Economist profession in a class action, outlining 12 counts of incompetence resulting in economic instability, severe distress to the corporate sector, and personal hardship to the citizenry. Details of the counts include some stern questions. The attorney for the people will be the self-appointed Jim Willie CB, whose true identity will be protected in order to preserve the impartial judicial process and his own precious hide. Exhibit links are offered as evidence. 1 Ignorance and Revision of History 2 Intellectual Support of an Intervention Policy 3 Disputable Assumptions Used as Policy Foundation 4 Myopic Statistical Analysis Methods 5 Incomplete Statistical Analysis System 6 Legislative Divisions to Promote Political Agendas 7 Institutional Conflict of Interest 8 Distortion in Economic Reporting 9 Pursuit of Public Adulation by Fed Chairman (Pied Piper) 10 Collusion with Corrupt Financial Power Elite 11 Deceptive Indoctrination of Economic Definitions 12 Benign Negligence During Pillage of National Gold Treasure with section from Friends of the Court finishing with discussion of the major screwball topic of them all -- INFLATION economists cannot define it, they cannot measure it, they are unaware of the damage to the economy when they believe they have eliminated it economists are befuddled... they are unable to distinguish among inflation, deflation, disinflation, reflation, stagflation, and constipation by preventing recessions and underwriting all economic accidents, they have ensured that the next unavoidable recession will degrade into a depression or else, best case, a colossal stagflation with price inflation (in certain sectors) much worse than anything expected, and job loss much worse than anything expected I object to the title "Jobless Recovery" there is plenty of job growth as a result of US Economic official policy IN CHINA AND INDIA / jim