Uh, "James"; these tools are already available; they're called "consultants." We also have "futures" markets where you can hedge; just use your money to take a position, based on "modelling." It's quite a different thing when they're "testing" something to put it into a forcing function, regardless of whether it's wanted. Do you think, the "government" or a panel of "experts" should make the decision from an ivory tower, then dictate it for everyone else? Do you understand the meaning of "dictator"? Do you think that the FED has a great history of being correct? If you do, you are the "outlier." Have you ever heard of the "Black/Scholes model? They were a couple of beauties....
I have my own company. Macroeconomic conditions are infinitely more relevant than vague notions about the weather.
Yeah they’re modelling if the stock market will crash because of an excessively rainy year... use your brain.
Uh, "James"; these tools are already available; they're called "consultants." We also have "futures" markets where you can hedge; just use your money to take a position, based on "modelling." It's quite a different thing when they're "testing" something to put it into a forcing function, regardless of whether it's wanted. Do you think, the "government" or a panel of "experts" should make the decision from an ivory tower, then dictate it for everyone else? Do you understand the meaning of "dictator"? Do you think that the FED has a great history of being correct? If you do, you are the "outlier." Have you ever heard of the "Black/Scholes model? They were a couple of beauties....
Are you having a stroke? What’s with all the quotes?
The fact that you think that the Federal Reserve is the “government [...] in an ivory tower” tells me exactly how much you know about this topic.
Let’s just keep pretending there aren’t further risks that we haven’t yet quantified, who cares if the economy tanks anyway, right?
Yay, more GIGO models steering the economy.
“Writes about data”.
Oh, the irony.