[...] it, less rigorous approach. Indeed, the arrogance of economics is that it is the polar opposite of Science. It begins with a few basic assumptions, many of which are obviously untrue; many others are [...]
While yesterday's US stock market close was poor, Asia and Europe didn't follow today as debt in Greece, Spain, Portugal, etc... rallied, their CDS narrowed and stocks bounced. The Greek finance minister said January tax revenues came in above expectations and that spending was below target for the month and said "that means the deficit reduction for January is well within what we have promised." The euro is rising in turn. Also helping is the story that Trichet is headed to the European Union leaders summit a day early in order to address Greece's problems even as the Greek finance...
November 4th, 2009 at 12:41 am
I’m pretty sure that’s from xkcd.
http://xkcd.com/54/
November 4th, 2009 at 12:49 am
There’s a T-shirt for sale at http://store.xkcd.com/ with it.
The graph is of the cosmic microwave background radiation, which measurements of matched predictions and also helps confirm the Big Bang theory. See http://en.wikipedia.org/wiki/Cosmic_microwave_background_radiation
November 4th, 2009 at 1:15 am
Barry,
It’s an xkcd comic.
November 4th, 2009 at 4:48 am
Love XKCD!
Somebody pointed to this XKCD comic the other day about the Discovery channel:
http://xkcd.com/442/
And somehow, I found a link to someone who had animated and vocalized that comic. Pretty cool!
http://vimeo.com/7151435
November 4th, 2009 at 8:25 am
[...] it, less rigorous approach. Indeed, the arrogance of economics is that it is the polar opposite of Science. It begins with a few basic assumptions, many of which are obviously untrue; many others are [...]
November 10th, 2009 at 12:01 pm
[...] Science: It Works, Bitches (November 4th, 2009) http://www.ritholtz.com/blog/2009/11/science-it-works-bitches/ [...]