http://www.afr.com.au/content/981114/perspective/perspective3.html "Bishops who used to believe in God, they can go in for socialism or sodomy, but an economist who's agnostic about economics is unemployable." Attributed to "British policy adviser Sir Alfred Sherman" -- 1992. Stephen Grenville, the Deputy Governor of the Reserve Bank of Australia, did not mince words yesterday. "Despite the most diligent, strenuous efforts on the part of those who have built models and academic reputations on the Efficient Markets Hypotheses, the data consistently but inconveniently refute it." He said vested interests had used "the efficient markets paradigm as an intellectual battering ram to open new commercial opportunities". Jay ------------------------- COMING SOON TO A LOCATION NEAR YOU! http://dieoff.com/page1.htm
