a major difference. Predictions about the weather will have no effect upon the weather. Predictions about the markets can have very real effects upon the market -- sometimes good, sometimes bad.There's a difference there.
a major difference. Predictions about the weather will have no effect upon the weather. Predictions about the markets can have very real effects upon the market -- sometimes good, sometimes bad.There's a difference there.
Nords said:The most accurate weather forecaster in the world is a holy grail called "persistence". Persistence says that tomorrow's weather will be the same as today's weather. That's it. Persistence is usually right just over 50% of the time and the next-closest forecaster is no better than 45%.
Very good point. The Fed's comments are proving to be a pretty powerful feedback loop...d said:a major difference. Predictions about the weather will have no effect upon the weather. Predictions about the markets can have very real effects upon the market -- sometimes good, sometimes bad.
Nords said:I hear what you guys are saying, but I have to live with this crap every day. Spouse used to be the Ops officer at the Joint Typhoon Warning Center, her relief has his doctorate in tropical meteorology and now works at the National Hurricane Center, and she regularly went to conferences with guys like Stacey Stewart or had Reservists in similar jobs come out to JTWC for duty.
The most accurate weather forecaster in the world is a holy grail called "persistence". Persistence says that tomorrow's weather will be the same as today's weather. That's it. Persistence is usually right just over 50% of the time and the next-closest forecaster is no better than 45%.
...
I was awakened more midwatches by my kid than by sea duty, but my spouse beat us both combined with her watch officers. Thank goodness for the Internet-- her predecessors had to drive into work to look at the images. They even kept a sleeper sofa in the office.Sam said:Can't compete with a Joint Typhoon Warning Center Ops Officer's housemate
What kind of award do you win for your suffering?Cute n Fuzzy Bun'ny said:Wusses.