Vaguery + forecast   3

Michael Trick’s Operations Research Blog : Operations Research: Growth Industry!
"NPR has a nice graphic for where job growth will occur in the next decade based on US Bureau of Labor Statistics data (the NPR site is much cooler than the graphic above). Now, operations research is a little small to appear as a dot on its own, but if you look at that little dot far to the right, showing the most job growth? That is “Management, Scientific, and Technical Consulting Services”. And what field is all of “management, scientific and technical”? Operations Research, of course! The projection is for 82.8% growth."
forecast  employment  jobs  future  academic-culture  cultural-assumptions  disintermediation-targets 
january 2010 by Vaguery
How Did Economists Get It So Wrong? - NYTimes.com
"But there was something else going on: a general belief that bubbles just don’t happen. What’s striking, when you reread Greenspan’s assurances, is that they weren’t based on evidence — they were based on the a priori assertion that there simply can’t be a bubble in housing. And the finance theorists were even more adamant on this point. In a 2007 interview, Eugene Fama, the father of the efficient-market hypothesis, declared that “the word ‘bubble’ drives me nuts,” and went on to explain why we can trust the housing market: “Housing markets are less liquid, but people are very careful when they buy houses. It’s typically the biggest investment they’re going to make, so they look around very carefully and they compare prices. The bidding process is very detailed.”"
economics  public-policy  forecast  cultural-norms  received-wisdom  financial-crisis 
september 2009 by Vaguery

Copy this bookmark:



description:


tags: