Re: Sorry I was wrong

For your definition.

People who like to blame W for everything and heap praise on Clinton for
everything.  People who have no rational basis for causality but instead
incessantly spout nonsense about correlations.


"R. Martin" <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
> JBO wrote:
> >
> > Growth was better.
> >
> >
http://quote.bloomberg.com/apps/news?pid=71000001&refer=home&sid=aXuXEm5y10Uo
> >
> > Hmmmmmmmm  for all your overdeterminists out there
>
> If 7.2 was unsustainable (as it was reported), 8.2 is more so.  That
> is an impressive quarter, but just a fluctuation around whatever the
> longer term trend is, IMO  In fact, if the GDP suffers from the kind
> of behavior that stock markets do, as presented in _Why Stock Markets
> Crash: Critical Events in Complex Financial Systems_ by Didier
> Sornette, I'm not sure I'm comforted by large, high frequency
> fluctuations.  And as the URL you gave states, "Consumer spending
> increased at a 6.4 percent annual rate last quarter, the fastest
> pace in six years, and retailers such as Williams-Sonoma Inc.
> restocked shelves to help satisfy anticipated sales."  Consumers
> as a group are in debt up to their chins, IMO, and these types
> of increases in consumer spending can't be maintained indefinitely
> either.  But what do I know, I'm not an economist. ;-)
>
> Regards,
> Russell
>
> P.S. What's an "overdeterminist"?