I like reading comments from readers.
Sometimes they are entertaining, sometimes educational. At times reader comments are very frustrating, especially when I fail to make a point that I believe was clear.
I especially appreciate comments simple in construct, but eloquent in expression causing me to think: Why didn’t I say that?
In regards to Economists Expect “Mount Everest” of Uncertainty to Clear Up by December here’s an eloquent comment from “Diogenes of Sinope”:
Pray tell, how can there be anything but uncertainty?
We haven’t witnessed any authentic price discovery in a decade or longer. Fantasy based accounting abounds while we await the first CEO to face Sarbanes-Oxley prosecution.
An “uncertainty index”, indeed. What’s next, effusive praise of The Maastricht Treaty due to it’s “stability clause” that has been so effective in preventing instability across Europe?
Background
Caroline Baum, one of my favorite economic writers (on Bloomberg for many years until they stopped using much of her material in favor of garbage), had an excellent column on uncertainty on MarketWatch in April: Uncertainty is a Fact of Life, So Get Used to It.
I discussed that chart and other uncertainty silliness in Uncertain Measures of Uncertainty.
My follow-up was Economists Expect “Mount Everest” of Uncertainty to Clear Up by December, to which “Diogenes of Sinope” replied …
“Pray tell, how can there be anything but uncertainty?”
Indeed.
Mike “Mish” Shedlock
