Dr. Keynes Was Right

It's the Distribution, Stupid
JULY 25, 2014 12:15PM

If It's Friday, This Must Be Krugman

Well, not this time.  He's needling the right wingnuts about various chimera, as usual.  No, but today's Business Section of the Times is full of belly laugh quotes, many of the subjects chronicled here in past missives.

Let's start with Amazon's stool dump.  As opined here in the past,… Read full post »

JULY 22, 2014 2:11PM

I Still Hate Neil Irwin

The morning, during the week, begins with a reading of briefing.com, via Yahoo! Finance, then a toddle off to the newstand for The Times and thence to the coffee place to inhale both.  Most often, these toddles involve creating the rough draft of one of these missives.  Since I don't put… Read full post »

JULY 22, 2014 12:31PM

They're Still Freedom Fries

The missives in these endeavors generally aren't reactionary to other posts out in the blogosphere; that behavior is mostly directed to news organs (I'm talking to you, Irwin).  But today brings a reference post to a post, on the subject of income inequality.  In this case, Tour de France w… Read full post »

By now y'all have heard about the Yellen remark that small cap biotech is over-valued:

Valuation metrics in some sectors do appear substantially stretched -- particularly those for smaller firms in the social media and biotechnology industries, despite a notable downturn in equity prices for such fir… Read full post »
JULY 10, 2014 8:15AM

What A Buzz Kill

Buzz Aldrin got reported in Daily Tech from Reddit.  I don't do Reddit (a major character flaw, I know), so I'll content myself with the DT quotes.  That's all I need, anyway.

OUR resources should be directed to outward, beyond-the-moon, to establishing habitation and laboratories on the su… Read full post »
JULY 8, 2014 2:54PM

I Hate Neil Irwin

Well, only metaphorically, of course.  A few days back, I referenced a Business Section piece he did on why the Almighty Buck is so, since he was confirming previous postings in these endeavors.  Fine.  As I looked at my dead trees Times this morning I nearly fainted.  There, on t… Read full post »

JULY 4, 2014 2:03PM

Channeling Yoda

Today Krugman, finally, says it (likely, written before the Brazil World Cup road collapse, for just a touch of international irony).  The Jedi tinged title, of course.

Since 2008, however, our economy has been awash in unemployed workers (especially construction workers) and capital with no pla… Read full post »
JULY 2, 2014 3:05PM

The French Connection

Some time back, 2011 if my memory serves, I mused that the Almighty Dollar has been New Gold for decades.  Despite the 1973 oil embargo, the notion of petrobucks replacing the US buck never materialized.  Saudis don't have the nukes and such.  Being the globe's reserve currency, the op… Read full post »

JUNE 29, 2014 12:58PM

Gaol in Bermuda

My beloved Bermuda, based on just one trip and following the news remotely, has been, to my mind, a life-size petri dish for the Right Wingnuts in the USofA.  Not least because Bermuda continued on its support for The Rebel Cause of 1861 for more than a century.  The on-line 'Gazette'Read full post »

JUNE 25, 2014 9:33AM

The End of The Road

John Barth, for those reading fiction in the 60s and 70s, was a minor cult hero.  Kind of the Pynchon a half a generation before Pynchon.  Not as prolific, and most fun from his first three books, late 50s:  "The Floating Opera", "The End of The Road", and "The Sotweed Factor". … Read full post »

JUNE 24, 2014 12:59PM

Who's Your Big Brother?

To answer the question, in general it ain't the damn Gummint.

JUNE 23, 2014 2:24PM

A Capital Idea

This posting, yet another attempt to game the market, asserts that QE is, to some degree, responsible for the mess we're in:

I am open to the idea we have entered a period of structurally low volatility due to increased regulatory burden and flow on effects from the decline of institutional… Read full post »

There wasn't intended to be a Part The Second, but in reviewing (after hitting "Save", naturally) the text, the punch line and trail of breadcrumbs to same is less than obvious.  Hindsight, and all that.

Since the point of part the first was:  The quants took a beating on this one, a… Read full post »

JUNE 16, 2014 3:58PM

Data Driven to Distraction

OK, twist my arm.  It's Cantor time.

David Carr titles today's piece, "Eric Cantor's Defeat Exposed a Beltway Journalism Blind Spot" (my dead trees version has a slightly different headline).  Much of his writing is about the evisceration of newspaper staffs, but he also, obliquely, takes ai… Read full post »

In a comment to "Apps Uber Alles" in one of its myriad incarnations, ONL remarked "And the IT industry is the least labor intensive industry ever -- in the history of mankind."  I further commented that this was, sorta kinda, true but that it depends.  And would require (or I wanted… Read full post »

JUNE 12, 2014 2:18PM

Apps Uber Alles

Let's review.  WhatsApp had about 50 bodies and sold for $3 billion, and likely in the end, more. Uber is valued at $18 billion, and has, according to reports, 550 bodies right now.  Given how much longer it's been around, I'd assert they're both in the same ballpark vis-a-vis development a… Read full post »

JUNE 12, 2014 11:58AM

The Origin of Specie

Some may recall these endeavors' reporting a few months back on the so-called myth of Dr Copper:  it appeared, according to reports, that Chinese businesses were using copper stores as surrogate specie.  Some saw the fall in price as an omen of larger collapse.  Well.  The reasoni… Read full post »

JUNE 8, 2014 5:07PM

Chrome Dome

Bald headed guys like Celko (and, nearly, Your 'Umble Servant) get called chrome dome in jest or anger.  California Chrome's owner (well, one of them) has been ranting that the other owners of horses in the races, specifically the Belmont, were cowards.  Chrome Dumb, in the view of "traditi… Read full post »

JUNE 5, 2014 11:41AM

Serial Killers

In the bad old days, Bill Gates would try to parry the monopolist meme by saying that MicroSoft needed to be left alone so it could "innovate".  Nevermind that from day one it co-opted and/or stole everything it made.  BASIC came from Dartmouth.  DOS came from Seattle Computer.  O… Read full post »

JUNE 3, 2014 8:55AM

Is It a Bull, Or Is It a Steer?

Bull or bullshit???  Of late, the market pundits have been making noise with two assertions:
1) longest bull market in history
and
2) active investing is stupid

Well, let's see.  Here's a graph of the Dow from January, 2003 to June, 2014.  Notice anything interesting?


(I got this…

Read full post »

MAY 31, 2014 12:22PM

A Tail of Two Pundits

It was the best of times; it was the worst of times.  So, today the New York Times put up dueling analyses of Amazon's blitzkrieg on Hatchette publishing.  Joe Nocera, staff pundit versus Bob Kohn participant in the battle.

I'll leave it to the reader to judge which is the true pundit… Read full post »

MAY 30, 2014 1:18PM

The Ballad of Casey Jones

Casey Jones was an engineer.  A real, live train engineer, not a financial engineer.  But, as they did, he crashed and burned.  What seems to be the original:

'Twas around this curve he saw a passenger train;
Something happened in Casey's brain;
Fireman jumped off, but Casey stayed on,
He… Read full post »
MAY 29, 2014 1:57PM

How to Be a Weatherman

All those amateur algorithmic stock touts on R-bloggers must be experiencing sphinters tight enough to hold a fishing line with a breaching marlin at the other end.  Why?  Well, as your local TV weatherman puts it, every now and again, predicting the weather sometimes means just going out t… Read full post »

MAY 28, 2014 2:49PM

Good Old Saint Nick

Just a reminder (it's been a while), but you should keep track of Nick Carr.  I've been remiss, myself, so face-slap, too.  It happens that the current post is a blurb for his next book.  Good on him. Read full post »

MAY 26, 2014 12:00PM

Krugman Gets It

For the first time, that I've seen Krugman states the crux of the matter:

The policy mistakes that created the euro crisis -- mainly creating a unified currency without the kind of banking and fiscal union that a single currency demands -- basically had nothing to do with the welfare state,… Read full post »