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Who: Kimball Corson. Text and Photos not disclaimed or that are obviously not mine are copyright (c) Kimball Corson 2004-2016
Port: Lake Pleasant, AZ
09 April 2018 | Pago Pago, American Samoa
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22 August 2017 | Pago Pago, American Samoa
22 August 2017 | Pago Pago, American Samoa
22 August 2017 | Pago Pago, American Samoa
22 August 2017 | Pago Pago, American Samoa
22 August 2017 | Pago Pago, American Samoa
22 August 2017 | Pago Pago, American Samoa
09 August 2017 | Pago Pago, American Samoa

Wheel Spinning in an Theoretical Economic Void.

17 July 2016 | Pago Pago, American Samoa
Kimball Corson
Huge quantities of data are regurgitated and churned in the financial press, but aside from only some, to what good and useful end is all of it?

The end certainly can't be prediction or forecasting, because the track record here is a largely a huge disaster for most all of it. Uselessness prevails almost always as to what matters.

It is a turgid exercise of the financial media awaiting a falling sky. Sitting on one's hands is almost as useful, given what they know about economics and data,

Worse, uselessness also prevails almost always as to what matters when we look at aggregated data with no sense at all of its distribution or variance. We blithely and typically assume that if the numbers are high or rising that all is well.

An example is household income. If we have three data points of say $1,000,000,000, $1,000 and $100, the total of $1,000,001,100 looks very good (especially if the total grew by say 10% because the largest number did even better). The average of $333,333,700 still looks great, too, even if the $1,000 median doesn't. We are in the dark about what is really going on looking only at the aggregate numbers.

We are also clueless about bad data, with aggregate unemployment data being a key example.

The truth is we just don't understand data or economics or how to use them, and are just throwing misused and bogus numbers around in the financial media all the time, to no good or useful end.
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Vessel Name: Altaira
Vessel Make/Model: A Fair Weather Mariner 39 is a fast (PHRF 132), heavily ballasted (43%), high-aspect (6:1), stiff, comfortable, offshore performance cruiser by Bob Perry that goes to wind well (30 deg w/ good headway) and is also good up and down the Beaufort scale.
Hailing Port: Lake Pleasant, AZ
Crew: Kimball Corson. Text and Photos not disclaimed or that are obviously not mine are copyright (c) Kimball Corson 2004-2016
About:
Kimball Corson: I am a 75 year old solo sailor, by choice. However, I did take on a personable, but high maintenance female kitten, now a full grown cat, named KiKiPoo when she is sweet, or KatKatPo after she has just killed something like a bird or bat. [...]
Extra:
Although I was a lawyer and practiced law with good success for thirty years, creating significant new law, I never really believed in the law, the politics of law or in the over reaching self-interest of most lawyers I met. Too much exposure to Nietzsche and other good and seriously thoughtful [...]
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Profile

Who: Kimball Corson. Text and Photos not disclaimed or that are obviously not mine are copyright (c) Kimball Corson 2004-2016
Port: Lake Pleasant, AZ