For the Record: Wenzel Observations

I'll try and keep this updated and will put a link to it in the right hand column.

Wenzel Observation #1

Any variable has the potential to eventually start to dance. A dancing variable is one that no longer acts like a constant and moves considerably outside its previous assumed range of movement.

Wenzel Observation #2

The same good may be either a capital good or consumer good, depending on POP, the purpose of the purchase.

Wenzel Observation #3

When you have an El Niño year, combined with a year of a strong negative Arctic Oscillation, toss out the January and February economic data (for the U.S.).