An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Thursday, October 8, 2015
Aug 24, I was on Fox and the market opened down 1000. I said, "Stay calm. Buy!"
Can't do much better than this. And oh yeah...I followed it up by predicting that the Dow would rebound to 17,000. Here we are.
"In science, a prediction is a rigorous, often quantitative, statement, forecasting what will happen under specific conditions; for example, if an apple falls from a tree it will be attracted towards the center of the earth by gravity with a specified and constant acceleration. The scientific method is built on testing statements that are logical consequences of scientific theories. This is done through repeatable experiments or observational studies.
A scientific theory which is contradicted by observations and evidence will be rejected. "
"In science, a prediction is a rigorous, often quantitative, statement, forecasting what will happen under specific conditions; for example, if an apple falls from a tree it will be attracted towards the center of the earth by gravity with a specified and constant acceleration. The scientific method is built on testing statements that are logical consequences of scientific theories. This is done through repeatable experiments or observational studies.
ReplyDeleteA scientific theory which is contradicted by observations and evidence will be rejected. "
https://en.wikipedia.org/wiki/Prediction