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Old October 3rd 08, 04:32 PM posted to rec.aviation.soaring
Martin Gregorie[_4_]
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Posts: 165
Default Our own BB (John Cochrane) on NPR

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/s...oryId=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...economy_model/

for more detail.

I now return you to our regular program.


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