Apr
14
Timeliness, timelessness
April 14, 2023 |
in terms of timeliness and forecasting ability, the ppi should be replaced after 70 years of untimely misinformation. much better is an index of futures prices like copper and S&P and grains.
how many times will an announced number cause vig with no meaningful effect on drift?
you would think with 200 economists on the staff, someone would update the 60-year-old studies of Moore and Shiskin of 1967.
everyone should read The Origin of Species and Don Quixote every year or so. it's like a cleansing tonic and leaves one more productive and joyful. the narration of The Time It Never Rained by George Guidall is memorable, i can't praise it enuf. my favorite is the banker.
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