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There no mo no mo

Nate Silver denies that there's any such thing as "momentum" that can be established by comparing successive polls.

If Charlie Candidate is up 5% in June and again in July that doesn't mean he's probably going to be up in Aug

We get so soon old and so late smart

Martin Wolf in today's FT

 

Who can now confidently state that reliance on a policy which worked by financing overpriced housing was better than using surplus savings for higher public investment? Similarly, who can confidently  state that it must be be better to rely on relaunching a private credit boom than on higher public investment.

 

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