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Also , macro is just the summation of all the micro changes and you can only measure it after it's happened . For me , micro is listening to what is happening on the forum and in the past it's been accurate at predicting what is going to happen on the macro level . Cliff

Hi Deltaberry , I love that quote . Where did it come from ? or is it an original ? Cliff

Mark , you're probably the most logical economist I've . That's not saying much because you're about the only economist I've met ;) Unfortunately ( at least in public ) most of your colleagues aren't so open about their failings . You may not call it irrational , but it is a term that has...

Over the last years , I've seen many predictions of how much growth there will be in a particular market , some times they get it right , but when the markets are moving strongly they never do . They always underestimate the strength of the movement . Why ? Because it's not rational . It's...