Economists

Eight weeks left until I see my last patient. Every day brings a new goodbye.
Yesterday I submitted my CME for 2009. Because we are going to keep our licenses active, that means more CME in 2010. It’s difficult, but I think it would be harder to just stop and never read a word of medicine again.
Oh and the stock market has fallen again. Yet another reason to keep the license active, at least until next year.
Review: How Markets Fail, by John Cassidy – The Globe and Mail. An interesting review of this book about economists and their inability to predict, control or explain the markets.
This week was a good example of the emotional irrationality the rules those who buy and sell. Obama wishes to regulate the banks. A good thing, right. As far as I can see it was regulation that save the Canadian economy from the depths others have reached. But no. The young men in red suspenders have apparently learned nothing, and think the sky will fall if bankers aren’t allowed to pillage economies, paying themselves outrageous salaries as they play with the lives and money of others.
By the way, the US economy has made 5.7% increase in the GDP in last quarter, but the economists don’t expect it to last. Tell me why I should believe them.

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