Business Week has an article analyzing the statistical underpining of the unpredictability of the oil futures market. In particular they place blame on China and Russia for their dirty data. China is secretive, and Russia is clumsy, or so they want us to believe. I love this quote: "Russia produces "awful data" "
It interests me that the business press has an expectation that one would *have* to produce reliable data. That the chinese/russian inscrutability is their *fault.* And not a tool of economic warfare.
Its like the British cursing the American colonists for not just coming out onto the battlefield and fighting like men!
(tx Marisa)Â