tag:blogger.com,1999:blog-2611021408437270881.post1020336808467352898..comments2024-03-18T23:59:39.885-07:00Comments on Skeptical CPA: EconomathematiciansIndependent Accountanthttp://www.blogger.com/profile/07800220849565219709noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2611021408437270881.post-64767305158328152642009-08-16T19:01:20.010-07:002009-08-16T19:01:20.010-07:00First of all, +1 to you, Anonymous. I have ONE Fed...First of all, +1 to you, Anonymous. I have ONE Fed read that is interesting and - not surprisingly - it is one of their lawyers, not one of their research economists.<br /><br />I have to drink to be able to read some of it.<br /><br />Pop,<br /><br />the last part of this is the absolute best. you nailed it.<br />jrJr Deputy Accountanthttps://www.blogger.com/profile/12886649539758133191noreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-52151974782975622282009-08-16T11:55:35.242-07:002009-08-16T11:55:35.242-07:00Anonymous:
Amen.Anonymous:<br />Amen.Independent Accountanthttps://www.blogger.com/profile/07800220849565219709noreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-46714000359283575032009-08-16T11:48:26.907-07:002009-08-16T11:48:26.907-07:00100 years after the banker JP Morgan slowed or ave...100 years after the banker JP Morgan slowed or averted the panic of 1907 with no fancy PhD's finance is dominated y these grunt quants.<br /><br />Look at the research published by the Fed... most of it is quant nonsense and hyterical to imagine the Fed Board and staff debating some of those theories..i.e.<br /><br />'Recent U.S. Macroeconomic Stability: Good Policies, Good Practices, or Good Luck?'' (with Shaghil Ahmed and Andrew Levin), The Review of Economics and Statistics, vol. 86 (August 2004), pp. 824-832.<br /><br />In the end the only thing that counts is the printing press there. The rest is voodoo... PhD voodoo.Anonymousnoreply@blogger.com