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Economists know more about how the fragments of society work than anyone. In school they are taught to break down the economy into its tiniest parts and to quantify each minutiae so it can become part of a formula. Once done those econometric formulas should become a viable equation to predict how the total economy will react when a change occurs to any part of the formula.

Since economists know all this I must ask if these formulas are so good at predicting the economy why aren't all economists rich?

They aren't. And I will give you some clues why.

The more complicated a formula the less likely it is to work. When the economy is not reacting the way an economist thinks it should based on his formula he will tell you that one part of his equation is not acting "normally" Curtis Martin Big Tall Jersey , whatever that is. Another thing you will find is there is no Holy Grail formula. Each one of these PhDs has tweaked the basic one and either added or subtracted parts or maybe changed the weighting of certain parts. If you ask 1,000 economists for an answer to what will happen and why you will receive 1 Joe Namath Big Tall Jersey ,000 different reasons. That doesn't mean they are all wrong. It does mean there is no one right way to arrive at a correct prediction. The law of averages will have many with a valid answer even if their reasoning is wrong. Sometimes pure luck is enough.

When I was a floor trader there were a thousand guys trading and each one had a different method to determine if the market was going up or down. One wanted to buy. Another thought the market was headed lower and wanted to sell. At that moment you realize that there is a 5050 chance one of them is correct. Every time an economist makes a prediction you and I could be a winner or loser.

There are some very smart economists. Not too many. Once in a while one of the young ones come up with an idea that all the others eventually adopt such as the Laffer Curve which we will not explore here. Until an economist has gone through a major bull and bear market cycle you would not want to live or die with his predictions.

Al Thomas' book, "If It Doesn't Go Up Trevon Wesco Jets Jersey , Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at and discover why he's the man that Wall Street does not want you to know.

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al@ ; 1-888-345-7870 Summary: Attending a government approved Electrical Engineering college in Gujarat with the necessary infrastructure and amenities will ensure adequate training to meet the industry challenges.

With technology weaving an even better tapestry of modern amenities to facilitate the human being and the way she or he lives, the demand for personnel who can carry forth this mission for humanity is ever on the rise. The development of a country depends on how well-trained it鈥檚 workforce is to meet the future challenges. There is thus the need for the educational infrastructure to nurture such a team of workforces equipping them for the present task and the surging ahead to meet the new challenges. There are some engineering colleges that boast of their names Chuma Edoga Jets Jersey , they are usually out of reach for the common while others may not have the apt curriculum to prepare the students.


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With rapid industrialization and the coming of new ways that people communicate Jachai Polite Jets Jersey , electronics and communication engineering is rated extremely high among the engineering faculties. The premier Electronics & Communication Engineering college in Gujarat will have the necessary infrastructure and laboratory facilities to teach practical application of the different channels like the optical fiber, coaxial cable and also free space through which data is sent. Working on projects that help the students develop their analytical skills and bring out their creativity are among the core concepts that the premier institute will have.


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To rate among the best Quinnen Williams Jets Jersey , the Electronics & Communication Engineering college in India that has the faculty and the infrastructure to train students to be able to serve the industry in a way that it is capable of increasing cost-effective productivity is one that you should seek. Study tours and exchange programs arranged by the college help the students move out of their cocoon and explore bigger possibilities Academic environment alone cannot help the student to excel in life as a human for which the college should also have proper interaction based programs.


Author鈥檚 Bio: KJIT is one of the Best Electrical engineering college in Gujarat, India - BE Institute - Affiliated with GTU - KJIT. For more information visit: Total Views: 91Word Count: 471See All articles From Author
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