Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Not Good for the President

Posted by: Tom Keene on July 20, 2011

See previous post for an extrapolation of the American unemployment rate. Extrapolation is time series speak for guesstimate or we-have-minimal-clue. In the case cited, I “extrapolated” the glide path of unemployment to a safety zone…just past Decision 2012. It is…

not good for the President.

There are other glide paths (royalty to Peter Orszag for each usage). Critically, we have socio-econometric time series that don’t “glide path.” This is a critical distinction. We/I blather daily, by the billable syllable about things we KNOW.

That’s the point. We don’t know and it is…

not good for the President.

Housing. Jobs. Gold. The Greece 2-year (40%!!!). Let’s run to an economic isolationist policy as we, and I mean the American We, are protected by oceans of distance. From Las Vegas housing, from Dubai gold, and from Berlin’s 40% 2-year Grecian note. What I know, and see, is it is…

not good for the President. Discuss.

Reader Comments

some guy who reads these things

July 26, 2011 9:49 AM

Um, What?

Is this a blog or the result of some program that spits out randomized phrases?

Post a comment



EconoChat captures Tom Keene's thoughts on economics, finance and investment. He is editor-at-large for Bloomberg News and hosts Bloomberg Surveillance and Bloomberg on the Economy on NYC1130, Sirius 129 and XM 130 and Surveillance Midday on Bloomberg Television. His complete interviews are at Tom Keene on Demand. Look for Tom on twitter @tomkeene

Recent Posts

BW Mall - Sponsored Links

Buy a link now!