Dr. Keynes Was Right
MY RECENT POSTS
- Express Train to Hell
February 25, 2015 09:07AM
- Your Money Or Your Life
February 20, 2015 02:48PM
- Time Loves a Hero, Part the
February 15, 2015 09:49AM
- I Sing The Body Electric
February 11, 2015 11:41AM
- Question of the Day,
February 05, 2015 09:24AM
MY RECENT COMMENTS
- “As my Pappy used to say,
"Come the revolution,
February 25, 2015 08:37PM
- “Guido would show up and
make sure you cut it out. One
February 20, 2015 05:48PM
- “In that country with a
boot heel in the Med might
communal way of
February 20, 2015 04:57PM
- “Sounded familiar. The
best non-fiction show on the
February 19, 2015 09:05PM
- “-- So electing a greater
remorse over the feckless
February 11, 2015 01:50PM
Robert Young's Links
For those out in the audience who question the assertion that the "middle class" is being killed, then the tale of American Express should seal the deal. Amex got tossed out of Costco (how downscale for an upscale card, in the first place?), and recently got told it couldn't coerce merchants… Read full post »
One of the differences, if not the motivating difference, between micro-quants and macro-quants is the maximization function. That last bit is econo-quant speak for "what's the source, amount, and purpose of profit"? For the micro folks, it's just as much as the laws allow for my client c… Read full post »
Nick Carr's (got it right today) latest missive deals with
machines, trains at the outset, and fits in with a nag I've had
for years. Which nag got prodded recently over the Greece
thing, the Japan thing, and QE discussions generally.
The nag: macros, especially, have a penchant for equati… Read full post »
It was sometime in school, might have been junior high or as late as undergraduate, when the instructor in some class brought up the topic of electric cars. Now, this was decades before Tesla, so it was somewhat abstract. The question raised: would an electric car be less polluting… Read full post »
With all the talk of corporate tax rates and repatriation of foreign retained earnings, the question arises: which US state is the most overtly Socialist? That is, which state undertakes to "pay" each citizen from the proceeds of private use of public resources? The answer, of cours… Read full post »
Just a really short piece, dealing with the possibility, broached here a number of times, that demographics (both ethnicity and urbanization) doom the GOP. At one time, I bought that it was just a matter of time until the GOP, led by Red State race baiters, would swirl to the bottom… Read full post »
My kindred soul amongst the highly paid curmugeons remains Nick
Carr (not Cage, as my independent fingers sometimes say). Had
I started these endeavors long before I did, I might be he.
Sort of, of course, in a metaphorical sense. Today brings
Susan Pinker reports t… Read full post »
It was some time ago, in fact my SlickEdit told me I had already a file with the title (I had forgotten, and fortunately tried the same title. phew.), that "The End of the Road" appeared in these endeavors. And the last offering made reference to the subject with the words,… Read full post »
Since I live in South Butt Plug, CT and grew up in western MA,
I'm supposed to cleave to all things sports of Boston.
Problem is, I can't stand the B boys of Foxborough. But
DeflateGate does offer the opportunity to chime in a bit. So,
1) Both B boys… Read full post »
What has become a recurring theme, or warning, in these endeavors: it is foolish to view the future as pure extension of the past. This is particularly true of anything science or engineering related. As I have described more than once (and referenced the writings of those more famo… Read full post »
Meanwhile, Transportation Minister Ignasius Jonan cracked down on five airlines Friday, temporarily suspending 61 flights because they were flying routes on days without permits. Earlier, all AirAsia flights from Surabaya to Singapore were stopped after it was discovered that the l… Read full post »
Plummet like a turd. Too strong? May be.
Here's another attempt to explain the bond and interest rate
Here's what the Right Wing used to say, this from the St. Louis Fed:
The cost of government borrowing is the "crowding out effect": Investment funds mobilized by the governm… Read full post »
No, that's not a typo. It's a pun. Here's the punch
The plummeting of oil shares, with the attendant fall in the price of crude, distillates, and such should give the quants, micros, and macros pause. Yet again.
The notion of an unfettered Rand-ian society rests on a basic assum… Read full post »
Today's NYT has a bumper crop of new data/facts surrounding the
overarching themes of these endeavours. So, with minimal
gloat, here they are.
First, there continues to be the Rightwing cabal trying to pin The Great Recession on the Dems. For the record, once again, Bush was President, Reh… Read full post »
No, not Wahlberg, although you should see "The Departed" if
you've neglected it. No, this musing is all about real books,
and how to really highlight them.
Years ago, I grew tired of the huge Marks-A-Lot type with the felt tip which broke down soon enough. I used the Pentel Data Checker… Read full post »
Once in a while, a random comment on a random post on a random
thread on a random site strikes me as worthy of a post here in
these endeavors. What follows is such.
IBM's (and American corps generally) problem is that they've lost their marbles. Corps managements (the CxO class) are… Read full post »
In some businesses, it makes sense to kick to geezers to the curb when downsizing. Newspapers isn't one of them since it takes a bit of time listening to the liars to figure out what a lie sounds like, but they do that nevertheless. This is Floyd Norris' last piece for… Read full post »
The problem with being dependent on data to make decisions: what do you do when there is no data? Well, punt. Let's turn our attention to the oil patch. Crude is quoted at $61/barrel (and change) today, and the blue-eyed Arabs in the Red states are whining poor mouth. Al… Read full post »
As always, when there's a disruption in the process which created the time series the quant relies on to forecast future values, ignore the time series and look to the changed incentive proposal.
By now all but the most self-absorbed Fox News watcher is aware that… Read full post »
Another in the desultory reminders that you need to read this guy.
It's deep into sports season. NFL is winding down to the last few games, Heisman is today along with the Army-Navy game, NBA is at the ¼ mark. Johnny Manziel is described as a midget. Adrian Peterson doesn't get off Scott free for beating his kid. Baseball teams swap pl… Read full post »
OK, so back in 2012 the Right Wingnuts were blaming Obambi for hiking gasoline prices (and, by necessity, petro price). The lobbyer doesn't have a link to the advert, anymore, so here's the quote of note:
Since Obama became president, gas prices have nearly doubled. Tell Obama we can't afford h… Read full post »
Three semi-related posts went past my eyeballs today. The
thread which hangs them together is the value of value. How
do we figure it?
First, Blankenhorn takes on Amazon, among my favorite fubar companies. As is often the case, the comment stream is as significant as the post. … Read full post »
The mainstream pundits, and the blogosphere too, continue to be
perplexed by the refusal of open market interest rates to rise as
they had hoped/wished/needed. So, it falls to moi to yet
again 'splain some more.
The notion of moolah as commodity rests on the base assumption of trade in real good… Read full post »
From the first time I recall seeing him, I've been convinced of
Chris Rock's cerebral approach to comedy. Yes, he is foul
mouthed, but the fundamental ideas are sound. He is of
course, a high school drop out. Stay in school kids.
So, it comes as no surprise that he and I… Read full post »