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2025-08-15 Economy

PPI for July - Big Increase w some oddities

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Posted by Lord Garth 2025-08-15 00:00|| || Front Page|| [198 views ] Top

#1 BLS? Can their 'output' be believed? I am skeptical.

Posted by Whiskey Mike 2025-08-15 05:51|| 2025-08-15 05:51|| Front Page Top

#2 Breitbart Business Digest: What a New Math Breakthrough Means for Economics

Posted by Skidmark 2025-08-15 06:13|| 2025-08-15 06:13|| Front Page Top

#3 #2 Nothing.
(a) Mizohata–Takeuchi conjecture is irrelevant to non-linear ODE (the medium of economic models).
(b) The worth of a mathematical model of real world phenomena is measured by its ability to successfully predict real world events. What's the success score for economists?

Posted by Grom the Affective 2025-08-15 07:21|| 2025-08-15 07:21|| Front Page Top

#4 Don't forget the old truism about lies, damn lies and statistics.

Posted by alanc 2025-08-15 09:59|| 2025-08-15 09:59|| Front Page Top

#5 "Economics exists only to make astrology look respectable"

Posted by Matt 2025-08-15 12:10|| 2025-08-15 12:10|| Front Page Top

#6 You either have skin in the game or you don't. I don't want to see the economists' calculations. I want to see which stocks they've bought or sold and with what result.

Posted by Matt 2025-08-15 12:12|| 2025-08-15 12:12|| Front Page Top

#7 E.g., Paul Krugman and Robert Reich reportedly each have a net worth of $4 or $5 million. That's a very respectable amount of money to accumulate over a lifetime, but a day's work for some traders.

Posted by Matt 2025-08-15 12:18|| 2025-08-15 12:18|| Front Page Top

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