Our own BB (John Cochrane) on NPR

[DRN]

I was startled awake by John's voice from the clock-radio,
discussing nuclear strikes on fox-holes and other scary
things. Meant to post immediately here, but I pulled
a pillow over my head and forgot about it...

http://www.npr.org/templates/story/story.php?storyId=95143166

See ya, Dave "YO electric"

[Martin Gregorie[_4_]]

On Fri, 03 Oct 2008 05:27:27 -0700, DRN wrote:

> I was startled awake by John's voice from the clock-radio, discussing
> nuclear strikes on fox-holes and other scary things. Meant to post
> immediately here, but I pulled a pillow over my head and forgot about
> it...
>
> http://www.npr.org/templates/story/story.php?storyId=95143166
>
Interesting piece. I learnt today that apparently the Federal Reserve has
nothing remotely as sophisticated as weather forecasting models to
forecast the financial future, just a Dell workstation using Mathlab to
solve a set of 20 simultaneous equations to model the US economy. This
does not specifically model the financial services sector and has no real-
time feed or historic database of financial data. See:

http://www.theregister.co.uk/2008/10/03/us_economy_model/

for more detail.

I now return you to our regular program.


--
martin@ | Martin Gregorie
gregorie. | Essex, UK
org |

[Wayne Paul]

"Martin Gregorie" > wrote in message
...
> On Fri, 03 Oct 2008 05:27:27 -0700, DRN wrote:
>
>> I was startled awake by John's voice from the clock-radio, discussing
>> nuclear strikes on fox-holes and other scary things. Meant to post
>> immediately here, but I pulled a pillow over my head and forgot about
>> it...
>>
>> http://www.npr.org/templates/story/story.php?storyId=95143166
>>
> Interesting piece. I learnt today that apparently the Federal Reserve has
> nothing remotely as sophisticated as weather forecasting models to
> forecast the financial future, just a Dell workstation using Mathlab to
> solve a set of 20 simultaneous equations to model the US economy. This
> does not specifically model the financial services sector and has no real-
> time feed or historic database of financial data. See:
>
> http://www.theregister.co.uk/2008/10/03/us_economy_model/
>
> for more detail.
>
> I now return you to our regular program.
>

I have heard that the reason we have economists is to make weather men look
good.

Wayne
http://www.soaridaho.com/

[PMSC Member]

On Oct 3, 11:46*am, "Wayne Paul" > wrote:
> "Martin Gregorie" > wrote in message
>
> ...
>
>
>
> > On Fri, 03 Oct 2008 05:27:27 -0700, DRN wrote:
>
> >> I was startled awake by John's voice from the clock-radio, discussing
> >> nuclear strikes on fox-holes and other scary things. Meant to post
> >> immediately here, but I pulled a pillow over my head and forgot about
> >> it...
>
> >>http://www.npr.org/templates/story/story.php?storyId=95143166
>
> > Interesting piece. I learnt today that apparently the Federal Reserve has
> > nothing remotely as sophisticated as weather forecasting models to
> > forecast the financial future, just a Dell workstation using Mathlab to
> > solve a set of 20 simultaneous equations to model the US economy. This
> > does not specifically model the financial services sector and has no real-
> > time feed or historic database of financial data. See:
>
> >http://www.theregister.co.uk/2008/10/03/us_economy_model/
>
> > for more detail.
>
> > I now return you to our regular program.
>
> I have heard that the reason we have economists is to make weather men look
> good.
>
> Waynehttp://www.soaridaho.com/

I think it's probable that John Maynard Keynes was a weather man
first, but couldn't sell the notion that he could control the weather.

-T8

[BB]

On Oct 3, 7:27*am, DRN > wrote:
> I was startled awake by John's voice from the clock-radio,
> discussing nuclear strikes on fox-holes and other scary
> things. Meant to post immediately here, but I pulled
> a pillow over my head and forgot about it...
>
> http://www.npr.org/templates/story/story.php?storyId=95143166
>
> See ya, Dave "YO electric"

Thanks for the plug Dave. For people interested in this stuff, I wrote
a little post to the freakonomics blog on why I think the treasury
bailout is a terrible idea, slightly updated on my webpage

http://faculty.chicagogsb.edu/john.cochrane/research/Papers/#news

We lost, RIP free markets. Back to more important issues, like club
class.

John

[noel.wade]

On Oct 3, 1:37*pm, BB > wrote:

> We lost, RIP free markets. Back to more important issues, like club
> class.
>
> John

Thanks for trying to fight the good fight, John! As someone who was/
is considering buying his first home this winter, the crisis has been
the subject of intensive study and scrutiny by myself over the last
few weeks. I'll spare the RAS board the long opinion/rant that could
follow; I just hope all the financial companies are happy they're
going to be able to prop up home prices (and thus sell me a larger
mortgage) AND get 50 cents on the dollar from the Gov't (taxpayers)
instead of the 5 or 10 cents on the dollar that their securities are
worth. *sigh*

Aaaanyways, I hope the Club vs. Sports class argument has a much more
common-sense set of results in the end!

Take care,

--Noel