Dr. Keynes Was Right

It's the Distribution, Stupid

While Mr. Market bumps along a flatline of local maxima (Dow/13,000 and NASDAQ/3,000), SSD and social shares aren't all doing so well.  OCZ and STEC took a stiletto in the neck.  Fusion-io hit a home run.  Facebook, Zynga, and Groupon self-immolated.  What does it all mean, Mr. Na… Read full post »

AUGUST 15, 2012 9:38AM

Hull Breach!!

As has been stated more than a few times here, the 1% (and, for sure, the .1%) intended (and still intend) to crash the global economy even further than they have so far.  What's a more risk free return on capital (cash) than deflation?  And what was reported yesterday?  You guessed… Read full post »

The Ryan annointing (I suppose I'll have to pen something sometime, but I'm either too stunned at Mitt's stupidity or his stark evil) and the charge that Obambi hasn't done enough to fix the economy, led me to look for numbers.  The numbers looked for are filibusters.  Not so easy to… Read full post »

AUGUST 11, 2012 11:49AM

Left vs. Right: All You Need To Know

Listening to "Wait, Wait, Don't Tell Me", and their guests on "Not My Job" were missions engineers Bobak Ferdowsi and Adam Steltzner for the Curiosity Mars mission.

Here's some of the shows on The Learning Channel and History Channel:

Hatfields and McCoys
Ax Men
Swamp People
Hairy Bikers
Mountain Men

Here C… Read full post »

AUGUST 5, 2012 5:02PM

Return to Sender

For some time now, it's been clear that the old rules of investment are, well, old.  Part of the shift was made by moneyed interests who seek only to make money, rather than output of goods to sell.  These folks "invest" in fiduciary instruments (bonds, and to a lesser extent, stocks)… Read full post »

AUGUST 5, 2012 3:03PM

Return to Sender

For some time now, it's been clear that the old rules of investment are, well, old.  Part of the shift was made by moneyed interests who seek only to make money, rather than output of goods to sell.  These folks "invest" in fiduciary instruments (bonds, and to a lesser extent, stocks)… Read full post »

AUGUST 3, 2012 12:59PM

May You Live in Interesting Times

Yesterday went according to plan, sort of.  Pick up a dead trees NY Times, and head for a pre-prandial pastry at Panera.  This time, and not for the first, the mind wander off to ponder long term interest rates.  As a professor of mine said, "whether you get paid or not,… Read full post »

JULY 30, 2012 9:57AM

Dilution

This story reminds me that, recently, baseball commentators particularly have been complaining that there are too many teams.  Jerry Reinsdorf has been on a contraction spree of late.  The notion is that there too many players, too few of whom are as good as players were "in the good old da… Read full post »

JULY 28, 2012 5:29PM

The Saddest Story Ever Told

It's difficult not to poke fun at Red State morons, especially now that they're running out of water, and will likely demand that the Federal government, you know that bunch of worthless bureaucrats, give them money to stave off catastrophe.

But, there's also this story.  It would qualify as the… Read full post »

JULY 27, 2012 1:37PM

Book 'Em Dano

As most folks not living under a rock know by now, Zynga and Facebook did a "Thelma and Louise" improvisation this week.  Herein lies a cautionary tale for both quants and macro-economics.  Not necessarily the same lesson, though.

For the quants, the lesson is that real world events, not tim… Read full post »

JULY 25, 2012 1:33PM

Bonds, James' Bonds

There's an old (or, perhaps, newish) saw, variously constructed, that goes:  "When I die, I want to come back as a bondholder".  It was spoken often during the Bailout Debacle.  Some, notably Sheila Bair, questioned why it was that only bondholders got off scott free in the bailouts, n… Read full post »

JULY 22, 2012 2:40PM

Such a Deal

A few days ago brings one of the more egregious attempts at health care cost analysis I've seen in quite a while.  It attempts to make the case that malpractice is the cause of high health care costs.  I added some thoughts, which may or may appear by the time you… Read full post »

JULY 20, 2012 11:35AM

Doctor, Doctor

Today brings one of the more egregious attempts at health care cost analysis I've seen in quite a while.  It attempts to make the case that malpractice is the cause of high health care costs.  I added some thoughts, which may or may appear by the time you read this.

So, what… Read full post »

Well, the Flation Numbers came out this week and last.  And, as usual, the Prosperity Through Austerity And Inflation's About To Attack folks can't be happy.  Here they are:
Core PPI 0.2%
Core CPI 0.2%
PPI 0.1%
CPI 0.0%

Once again, we see that the $$$ the Fed makes available to banksters just is… Read full post »

JULY 14, 2012 1:55PM

LIBOR of Love [update 2]

 

In accepted newspaper fashion, we start with the punchline (spelled 'lede' in that jargon):  there'll be no frog marching of velly British bankers, including Barclay's, over the LIBOR "scandal".  On that, there hangs a tale.

LIBOR was invented by a British banker in the 1960s:  "… Read full post »

This week's episode of Dee Feat brings with it some specific numbers related to one of the constant themes here in KeynesLand:  you don't gots enough buyers, you gots bad capital.  As Eccles says, it all has to add up.  In other words, in the short to medium term it really… Read full post »

JULY 8, 2012 2:16PM

Fakin' It

Paul Simon put it for all time, "And I know I'm fakin' it, I'm not really makin' it."  One of the themes of this endeavor has been the destruction of physical production in favour of soft/financial "innovation".  There have been occasional beeps in the ether that Big Thinkers are beginning… Read full post »

JULY 7, 2012 2:02PM

From the Mouths of Babes

Some may remember that Groklaw started as a means to track the progress of various SCO litigations.  For a few years, if not from the beginning (I forget), there has been a "News Picks" column.  The entries are precises or cuts from titled stories.  Today's includes the following. … Read full post »

JULY 3, 2012 2:24PM

March of the Penguins

Maindonald's book opens with the following:

   It is easy to lie with statistics.  It is hard to tell the truth without statistics.
   [Andrejs Dunkels]

While I've always been a fan of quant, since it should tie decisions to the real world, too often they're manipulated to confo… Read full post »

JUNE 28, 2012 3:15PM

I Want My Maypo!! [update 2]

For those of a certain age, and place of rearing, the title of this piece is familiar.  Markey Maypo demanded a helping of his favorite hot cereal, right now damn it!, and so this short piece will be an instant analysis of the Obamacare ruling.  I've assiduously avoided anything other than… Read full post »

JUNE 24, 2012 8:13PM

The Poverty of Price

It's now conventional wisdom that ObamaCare is dead; Roberts and company will apply the garrote.  What's the likely effect?  Not what the Right Wingnuts expect, in the medium to long term.

The Wingnuts expect that the 1% will be graced with cheaper healthcare, with the hoi polloi removed fro… Read full post »

JUNE 18, 2012 7:36PM

We're All Running Backs Now

It is widely understood that NFL running backs have a very short worklife one source says, 2.57 years.  After that, worthless and off to the scrap heap.  One part of the Right Wingnuts' meme is that if only folks had appropriate skills (from for-profit "schools", of course!), they'll get ri… Read full post »

JUNE 18, 2012 7:35PM

We're All Running Backs Now

It is widely understood that NFL running backs have a very short worklife one source says, <a href="http://www.livestrong.com/article/15527-long-average-career-nfl-player/">2.57 years</a>.  After that, worthless and off to the scrap heap.  One part of the Right Wingnuts' meme is… Read full post »

JUNE 15, 2012 11:54AM

World War III

My regular read should recall that I've been channeling the revery of Edgar Cayce for a while now.  For review:  Cayce prophesied that Germany would be involved in three world wars, and would lose two.  Ergo, the next one will find Germany winning.  Further, these essays have poin… Read full post »

JUNE 15, 2012 10:26AM

Pretty Beads

Have you been paying attention to the new-ish Apple computers?  They've become disposable cell phones; nothing is replaceable or upgradeable.  These devices go for nearly $3,000, and can, I gather, only be repaired by Apple.  This became clear with the Retina Display Mac Book Pro <a… Read full post »