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Thanks Keynes
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deadcode wrote
at 12:32 PM, Thursday May 5, 2011 EDT
FOREX-Dollar tumbles to 3-yr low; data underpins rate view
http://my.news.yahoo.com/forex-dollar-rises-investors-trim-stretched-positions-053234273.html World Food Prices Rise to Near-Record High as Inflation Speeds Up, UN Says http://www.bloomberg.com/news/2011-05-05/food-prices-approach-record-high-as-grain-prices-fuel-inflation-worldwide.html Mexican Central Bank Quietly Buys 100 Tons of Gold http://www.cnbc.com/id/42909399 Some of us are smart enough to see the writing on the wall. Unfortunately the above headlines will only continue to get worse as we QE3. All this will continue; until Keynes is rejected and substituted for another (probably Austrian). |
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mr Kreuzfeld wrote
at 1:47 PM, Monday May 9, 2011 EDT "theories are not proven. that's why they're not called fact."
this statement IS wrong thraxle |
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skrumgaer wrote
at 2:41 PM, Monday May 9, 2011 EDT Every theory is always on probation. Theory is an explanation of facts. Hypotheses that survive testing are added to theory, but there is the possibility that new facts might appear that require the theory to be thrown out or modified.
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mr Kreuzfeld wrote
at 2:55 PM, Monday May 9, 2011 EDT skrum, I trust you agree that even if theory was proven, it would still be called a theory.
like in math, you can take courses in forex, "measure and integration theory", so in math, the theories are actually proven, and not on probation |
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skrumgaer wrote
at 3:14 PM, Monday May 9, 2011 EDT From the Wikipedia article on theory:
"Theories are distinct from theorems: theorems are derived deductively from theories according to a formal system of rules, generally as a first step in testing or applying the theory in a concrete situation. Theories are abstract and conceptual, and to this end they are never considered right or wrong. Instead, they are supported or challenged by observations in the world." In short, you test a theory by deducing a theorem from it and testing the theorem against the facts. Since theorems are supposed to be true, if the theorem is violated, the theory it came from is kaput. |
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Boner Oiler wrote
at 6:24 PM, Monday May 9, 2011 EDT Semantics
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Boner Oiler wrote
at 6:29 PM, Monday May 9, 2011 EDT Also thanks for the gambling correction, I actually admit when I'm wrong. (pretension aside) we have some really Byzantine gambling laws here only Nevada is allowed casinos now?
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K8Dice wrote
at 8:13 PM, Monday May 9, 2011 EDT BO I assure you there are plenty casinos in the midwest and they arent going anywhere. Good ole natives lol.
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skrumgaer wrote
at 8:20 PM, Monday May 9, 2011 EDT The rest of the time he doesn't know when he's wrong.
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deadcode wrote
at 4:50 PM, Tuesday August 18, 2015 EDT Thanks Keynes; see you at the bottom. Good luck everyone :/
http://www.cnbc.com/2015/08/18/st-louis-fed-official-no-evidence-qe-boosted-economy.html http://www.wsj.com/articles/u-s-lacks-ammo-for-next-economic-crisis-1439865442 |
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