Down 98% in 8 years ? Unbelievable ! WTF is this guy trading in ? Futures ? Options ? Domestic or Overseas ?
I don't disagree but I'm not sure this guy qualifies as an economist. I imagine most economists evaluate and present their conclusions based on the data provided to them (which is obviously cooked at times). What we were are talking about here is fraud and theft. Maybe he cleaned up? Unlikely.
You reached the same conclusion as Taleb. Enjoy this clip (watch till end). Difference between traders and economists looking for trades
Is Amazon buying JCP? ... Someone told me that today. 20 minutes to kickoff at the casino here. If I was playing, which I'm not, I'd set my short order now at 3215.75 and catch that spike outta the gate. We might get a range for a bit, but down we go. It'll be lower by the time tomorrow's bell rings. Grab that first scalp for 8 points, let it hit 3221 again, then mortgage granny's house for the overnight. Edit.... 3219.75 Edit again, well there's the spike. Lets see what happens.