Mark and Me on Macro

Both links are to the NYT clip

Here's the whole thing:

http://bloggingheads.tv/diavlogs/19178

It seems that despite all of the humility expressed about macro knowledge, at the end Thoma still advocates using a portfolio approach employing the levers and buttons (or "thrusters" and "rocketpower") that just received heavy skepticism. Personally, it left me still wanting more explanation on how to properly balance troubled models and appropriate action.

Nonetheless, it was a good step in propelling the conversation forward. thx