Comment on Even If You're All-Powerful, It's Hard To Fix The EconomyComments−mbellotti13yI'm not sure how much I buy this. With no discussion of the model it's hard to say what assumptions he did or did not make in terms of how all these factors respond to each other.−bitwize13yThere are four kinds of lies: lies, damned lies, statistics, and computer models.−joe_bleau13yExactly. And the model is from someone at Moody's! After the mortgage backed securities rating fiasco, it's hard for me to give them any credibility.
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I'm not sure how much I buy this. With no discussion of the model it's hard to say what assumptions he did or did not make in terms of how all these factors respond to each other.
There are four kinds of lies: lies, damned lies, statistics, and computer models.
Exactly. And the model is from someone at Moody's! After the mortgage backed securities rating fiasco, it's hard for me to give them any credibility.