Having taken graduate statistics courses up to, and including, Econometrics, I can safely say when it comes to public stat models like this, I'm in the Mark Twain School of Statistical interpretation.
I'm also highly unimpressed with the work of Nate Silver. My reasons were covered over at the PI board, but I'll leave it at saying his self-promotion skills are better than any other skill sets he has demonstrated.
This just in from the newswires: The Anti-Trust Division of the US Department of Justice has announced that whenever Sale take The Bump, it is unfair competition in violation of various federal and state laws. However, he is not being prosecuted because it is so ****in awesome to watch him do his craft.