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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: ChanceIs who wrote (237338)2/1/2010 9:40:12 AM
From: Think4YourselfRespond to of 306849
 
I took one economics class as an undergrad, and that was the most clueless professor I have ever had. His responses to my questions about the math were of the "that's how it's done" category. Decided then and there that economics classes were a waste of money/time.

I don't think economists reverse the abcissa and ordinate on purpose. Their math skills are so poor that they think that is how you are supposed to do it. It might help explain why they are so consistently wrong. The right answer is in the data but they are consistently misprocessing it, thus giving a worse performance than random guessing.

Saddest part is, those are the people advising the government what to do. I can't help thinking about the video posted here last year where that California Congressman said we could spend our way to wealth.



To: ChanceIs who wrote (237338)2/1/2010 10:29:54 AM
From: Giordano BrunoRead Replies (1) | Respond to of 306849
 
Rosenberg - The Houdini recovery — we saw history in the making in last Friday’s GDP report; real GDP surged 5.7% in Q4 on the heels of the unemployment rate rising 40bps, we have never seen this event before.