Hello and Malo e lelei to readers here,

Here is something that I have noticed which still eludes some. People (and that includes myself), would often have a go at economists for producing unsound/unreliable forecastings/projections and at the same time, those same people fully endorsed the services of rating agencies such as Moody and Fitch, etc.... How could they be? Are people simply ignorant , lack of knowledge or perhaps naive? The types of modeling methods that are adopted by these rating agencies in their risk assessments (such as Monte-Carlo and the likes) are the same ones frequently used by economists to do forecasting. In other words, people would call one modeling hogwash if it is economic forecasting but fully endorse them (indirectly without them knowing) when the same ones are being used in risk assessment (by rating agencies)? This strikes me as odd.

Why not just completely ignore the services of rating agencies altogether since their methods are based on some questionable math and also questionable assumptions? I know that the modern world can't survive without rating agencies. IMO, I would use them despite the shortcoming of the models. Assessing risks using models can still beat risk assessment based on intuitions alone most of the times, and as I said, models are still superior in this area despite their shortcomings.

Just a thought. Any bank manager out there who has a take on this, ie, do the services of rating agencies really needed ?

ugg pink,short ugg,cheap ugg,classic tall chestnut
uggs sales,ugg tall,tall black ugg,replica ugg
cheap boots,uggs sundance,ugg boots,short ugg boots
sundance ugg,cardy ugg,Tall ugg,ugg sale

[url=http://www.classicuggmini.com/]classic ugg mini,Crochet ugg,uggs mini,ugg store[/url]
[url=http://www.ladiesugg.com/]Ugg Sale,Cheap Boots,Ugg Australia[/url]
[url=http://www.cheapuggretail.com/]cheap ugg retail,ugg classic tall,ugg boots,wholesale ugg[/url]

classic ugg mini,Crochet ugg,uggs mini,ugg store
Ugg Sale,Cheap Boots,Ugg Australia
cheap ugg retail,ugg classic tall,ugg boots,wholesale ugg

[url=http://wwww.shortugg.com/]ugg pink,short ugg,cheap ugg,classic tall chestnut[/url]
[url=http://www.tallblackugg.com/]uggs sales,ugg tall,tall black ugg,replica ugg[/url]
[url=http://www.uggssundance.com/]cheap boots,uggs sundance,ugg boots,short ugg boots[/url]
[url=http://www.sundanceugg.com/]sundance ugg,cardy ugg,Tall ugg,ugg sale[/url]

As to who cannot be trusted. It is my wife, amongst others....

Just put Edith Piaff's "No Regrets" on the CD player.

Just loves her singing since we PAID our WAY to PARIS this year.

I keep telling her.....HONE-Y that is not appropriate for the PARTY today.

The PARTY is over.

Maybe she will listen, maybe she won't....she has a mind of her own....

But then I think...it is a bit like a crepe--suzette and ..creme brule.....

JUST DESSERTS.

So who am I to to tell anyone what to do or say or THINK.

Party Politics, Party on the house, by the POOL.

She forgets...I still pay the BILLS....and the Peters and the Carter. and the FERRYMAN.

JOHN.

Party over.

ugg boots,Classic Tall Ugg Boots

Your blog very good,I like you very much,if you have time also attention to our products:
Buy Cheap UGG Boots Online
Women's UGG boots On Sale
UGG Flip Flops Online
UGG Nightfall Boots
UGG classic Boots
I am sure you will take a look, you may also introduce your friend.
Low price,best server and service,fast and free shipping is our advanced.

timberland boots kids
tbsports
timberland shopping price

nation football league jersys
nfl jerseys

cheap nfl jerseys
nfl team
jersey

us bags online
handbags
handbag.

cheap ugg
short ugg shoes
buy ugg shoes
tiffany watches
tiffany jewelry.
replica tiffany
replica watches

jackets
Moncler
moncler men