My explanation becomes more clear (I think) when you watch the additional 8 minutes. You need to click on the link below.
Science
Citizens Of Numeratorville = Flat-Earthers
Citizens Of Numeratorville = Flat-EarthersImagine the shock when people found out the earth wasn’t flat. It’s the same as those that didn’t understand the denominator. This was never a surprise to moi, evidence here.No one complains when the volatility goes in their...
The Reporting Will Change, This Image Doesn’t
The Reporting Will Change, This Image Doesn’tAsk any scientist. Today, literally, my comment to a client, was:I have an accounting degree (U of Chicago, ahem, not the dregs of academia), and if I had to choose between an accountant and a meteorologist to help that...
We are back to what I have repeated many times.
We are back to what I have repeated many times.The denominator is poorly understood, it was presumed to be both stable and lower. No longer.There is one party that influences the denominator like no other, and there is no identifiable second place. This is the leader...
Even then, there are limits
Even then, there are limitsI’ll decipher the direct and indirect effects of financial contracts. That doesn’t mean that I can administer healthcare or prescribe medications. That is a laughable notion, of course it is. We may have done our best, but other expertise...