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Author Topic:   Is it experts or "experts"?
randman 
Suspended Member (Idle past 4929 days)
Posts: 6367
Joined: 05-26-2005


Message 4 of 39 (260107)
11-16-2005 12:58 AM
Reply to: Message 3 by bobbins
11-15-2005 11:19 PM


Re: Incompetence is not really an issue
bobbins, you reference my remarks, and I assume you refer to my comments on stock brokers. My experience has been I can pick stocks a lot better than brokers. Sometimes I think I should make that a living, but right now am invested into my own business and children.
One area of economics doctrine I question though, since you say that is your field, is what we were all taught and what appears right on paper, namely that high deficit spending by the government would increase demand for capital to fund that deficit and result in higher interest rates.
It appears that this is not the case, perhaps because monetary policy by the Fed is so strong, but whatever the case, actual historical numbers have shown unusually low interest rates at the times of higher deficit spending.
Why do you think that is? I ask because you bill yourself as an expert to a degree in this field.

This message is a reply to:
 Message 3 by bobbins, posted 11-15-2005 11:19 PM bobbins has not replied

Replies to this message:
 Message 7 by Dr Jack, posted 11-16-2005 8:57 AM randman has replied

  
randman 
Suspended Member (Idle past 4929 days)
Posts: 6367
Joined: 05-26-2005


Message 16 of 39 (260256)
11-16-2005 2:04 PM
Reply to: Message 7 by Dr Jack
11-16-2005 8:57 AM


Re: Incompetence is not really an issue
Hadn't heard the clustering comment before...
I do think research, etc,...counts for a lot and that doing the research makes a big difference, but by the time the experts have done it everyone knows about it.
But intuition and plain ole luck count for a lot too.

This message is a reply to:
 Message 7 by Dr Jack, posted 11-16-2005 8:57 AM Dr Jack has not replied

  
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