Econometricians are big on historical trends. Long Term Capital Management and the sub-prime mortgage market were blown up as a result of using their formulas. (Yes, the Fed also played a role in the sub-prime boom and bust)
Here's a place that will keep the econometricians away from causing trouble with the rest of the economy and cause their equations to go wild.
Hundreds of people in Southern California have lined up since early Tuesday morning to buy Mega Millions tickets before tonight's $355 Million drawing. At Bluebird Liquor in Hawthorne, throngs of hopeful lottery players were willing to spend about an hour in line for a chance to buy a ticket at this historically lucky retailer, reports the Huffington Post.
According to the Los Angeles Times, the liquor store has "produced three state lottery jackpot winners of more than a million dollars" with their combined total adding up to more than $16 million, as well as numerous winners who have taken home smaller amounts since opening for business in 1985.
Unbelievable; a tax on the ignorant, of which there are obviously many
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