A fractal is generally "a rough or fragmented geometric shape that can be split into parts, each of which is (at least approximately) a reduced-size copy of the whole," a property called self-similarity." Because they appear similar at all levels of magnification, fractals are often considered to be infinitely complex. Natural objects that approximate fractals to a degree include clouds, mountain ranges, lightning bolts, coastlines, and snow flakes.
Tuesday, February 24, 2009
Economic Prediction
I have made this prediction before and have seen nothing at all to make me believe that I am correct. Nonetheless I continue to believe that it will happen (and will be a good thing in a very perverse way). We will suspend the mark to market rules (FASB 157 and FASB 105). I am not going to reiterate here why I think this will be done or why I think it should be - just want to reiterate the prediction.
No comments:
Post a Comment