And speaking of obvious: We are now in the position of operating with 20-20 hindsight with regards to the current economic mess. Imagine that three years ago it was announced that a highly-resolved economic simulation was available that could simulate the US economy 3 years into the future. What are the odds that there would have been anybody around with sufficient domain knowledge, foresight, and modeling expertise to run a parameter sweep that would have captured our current real-life economic scenario?
Nothing I'd bet on. -- Doug Roberts, RTI International [EMAIL PROTECTED] [EMAIL PROTECTED] 505-455-7333 - Office 505-670-8195 - Cell On Fri, Oct 3, 2008 at 2:04 PM, Douglas Roberts <[EMAIL PROTECTED]>wrote: > I would have thought this was obvious: that allowing large financial > organizations such as Fannie May, Freddie Mac, and AIG to play the > derivatives market on unsecured (i.e. leveraged) assets would lead to our > current economic meltdown. > > The real-world limiting issue is what would our quality "leadership" done > with such information if it had been made available to them 3 years ago? > > On Fri, Oct 3, 2008 at 1:52 PM, Russ Abbott <[EMAIL PROTECTED]> wrote: > >> What are we hoping a better model will show? >> > >
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