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October 03, 2009



Isn't this more or less, garbage in garbage out? But the more I read 'experts' especially economics experts the more they have a belief in mathematical formula's of economics. Economics is NOT Math! It's a fancy, belief system, an analog of a global barter system, and that CAN NOT be qualified with simple math algorithms.


I don't have much experience but from what I've seen most analysts seem to know little about the industries they are analysing.

Have a listen to the BBC podcast series "The Crash". So many "could not believe" the financial house of cards they built would tumble, or be allowed to tumble without bailouts.


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