Monday, May 3, 2010

IMF Overwhelms statisticians with data!

They just dumped their world economic outlook on us, forcing me to look at their web site and conclude that my total data sources exceed much my uncertainty needs.

Less detail more aggregation of data is needed.

1 comment:

Fernando Guzmán Cavero said...

Not only the IM F; But also the world Bank recently announced the full access with no restrictions to its data base. The only tought that came to my mind yesterday, Why now..? Because of the unsolved crisis with ups and downs every single week.
Last week The Dow opens higher continue with up ticks the following day , almost flat on wendneday to finally end with a -1.43%. What kinfd of recovery is this I rather call it Manipulad recovery,
The Sec accused Goldam Sachs of fraud in 2007 for deals to its own clients with sub-prime mortgage papers. Om first instance the chargers were presented as civil charges , lately the open of a criminal prosecution was open. Why this change of mind. Propably to not be accused of complicity or neglicence according to NFA mission.
Warren Buffet enter to "calm" the scandal and declares there was nothing wrong in Goldman's billionaire deals
"National Futures Association (NFA) is the industrywide, self-regulatory organization for the U.S. futures industry. We strive every day to develop rules, programs and services that safeguard market integrity, protect investors and help our Members meet their regulatory responsibilities." Read NFA , Who we are..Did the NFA authorities comply with its mission?
Maybe as in the eighteens the Marx poclaimed Proletariat of the World Unite now the mooto but, with a difference ethical purpose could be "Capital" of the World Unite.