You will enjoy the TV and radio forecast much more if you stop taking it as advice and simply treat it as a short poem about the weather.
Entrepreneurs can't forecast accurately, because they are trying something fundamentally new. So they will often be laughably behind plan - and on the brink of success.
I will be the first to say that it is always difficult to get monetary policy just right. But the Fed's analytical prowess is top-notch, and our forecasting record is second to none.
The reason why China forecasting has such a poor track record is that Westerners constantly invoke the model and experience of the West to explain China, and it is a false prophet. Until we start trying to understand China on its own terms, rather than as a Western-style nation in the making, we will continue to get it wrong.
For physical goods, there are costs associated with logistics and lead times, owing to inventories and poor forecasts of the market. With digital capital-intensive technology, however, production will inevitably move toward the final market, wherever it is. This re-localization constitutes a major shift in the structure of global supply networks.
It is almost possible to predict one or two days in advance, within a rather broad range of probability, what the weather is going to be; it is even thought that it will not be impossible to publish daily forecasts, which would be very useful to soci.
A potentially useful property of forecasts based on cointegration is that when extended some way ahead, the forecasts of the two series will form a constant ratio, as is expected by some asymptotic economic theory.
There are many times when a woman will ask another girl friend how she likes her new hat. She will reply, 'Fine,' but slap her hand to her forehead the minute the girl leaves to yipe, 'What a horror!'
I have wrinkles which are very evident. I will particularly say when I look at movie posters, 'You guys have airbrushed my forehead. Please, can you change it back?'
I imagine I will be less involved in film and be focused more on family and foreign affairs.
I am confident my Hindutva face will be an asset when dealing with foreign affairs with other nations.
Nixon had some large achievements in foreign affairs. They will be remembered. But a president probably gets remembered for one thing, and Watergate will head the Nixon list, I suspect.
Maybe this will be the beginning of a trend? Flat taxes, cutting foreign aid, a referendum on Europe, grammar schools. Who knows?
In this financial year we will be spending at least $1.5 billion on foreign aid and we cannot be sure that this money will be properly spent, as corruption and mismanagement in many of the recipient countries are legend.
Every U.S. citizen should have the assurance that the U.S. government will come vigorously to their defense in a time of need, especially when they are unjustly tried in a foreign country.
As Commander in Chief of the United States Military, I will never send our sons and daughters and our brothers and sisters to die in a foreign land without telling the truth about why they're going there.
Let us build a 21st-century rural economy of cutting-edge companies and technologies that lead us to energy and food security. Such an investment will revitalize rural America, re-establish our moral leadership on climate security and eliminate our addiction to foreign oil.
With regard to electric vehicles, I am all for them because most of the incremental electricity needed to run those vehicles will come from gas-fired electric generation. However, I do not believe it is wise for America to substitute dependence on foreign oil for dependence on Chinese batteries.
The long-standing, non-partisan and publicly-declared foreign policy commitment of the United States is clear. We will do whatever is required to prevent Iran from possessing nuclear weapons. Our nation has not ruled out any option that may be required to achieve this objective, including the use of military force.
Unless your government is respectable, foreigners will invade your rights; and to maintain tranquillity, it must be respectable - even to observe neutrality, you must have a strong government.
