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.


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

"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/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.


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

Wayne
http://www.soaridaho.com/

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/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.

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