Dr. Keynes Was Right
MY RECENT POSTS
- Putin on the Schitz [update 2]
December 17, 2014 12:55PM
- Ides of December Nudge
December 15, 2014 09:39PM
- Matter Over Mind
December 14, 2014 04:46PM
- Crazy Schizo Quants
December 13, 2014 11:22AM
- Widget Wonderland
December 09, 2014 03:42PM
MY RECENT COMMENTS
- “-- the Saudi regime fell
to people who are to a great
products of the
- “There remains debate as
to whether it's mostly
- “Nick's point,
December 16, 2014 12:28PM
- “Capitalists are getting
hoisted on their "own" petard:
December 15, 2014 01:44PM
- “Actually, I agree, for
the most part. Yes, from their
of view, the
December 15, 2014 08:44AM
Robert Young's Links
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 »
'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 »
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 »
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 »
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 »
More than once, these endeavors have laid The Great Recession at the feet of The Giant Pool of Money. Yes Virginia, there is a global excess supply of savings over demand for moolah for physical investment. That was true back in the beginning of the 'aughts, and it remains at… Read full post »
Just when you thought (you did, didn't you?) we were safe from bubbles, the Chinese had to go and ruin it all. You've likely read the recent news that their segue from American housing securitizations to domestic ones has come to a bit of a bumpy patch. Turns out, Asia generally,… Read full post »
A theme of these endeavors, which emerged from them rather than motivated their creation, is that when policy conflicts with data, policy wins and data loses. Now, this observation is, generally, not true when data of the physical world is the subject. Brownian motion and microarrays spri… Read full post »
Was out getting the meager needs have we for suppa, when Geithner pops up on "All Things Considered", examined by Robert Siegel. Three doses of self-absorbed tool of the Banksters in just two days!!?? He's flogging his self-defense tome, "Stress Test", the point being his stress, of cours… Read full post »
The key to those wonderful six-pack abs is a solid core. And light, right eating. How's Apple's core doing? For some time, there's been a continuing argument that either a) Steve died, so did the company or b) Steve took the company out of the world of computing into one of… Read full post »
One submeme (if that's a word, which isn't a cylindrical meat sandwich) of these endeavors is that today's "innovative" economy is evermore advert pushers exploding from the body a la Alien (yuck!). Or, in line with Krugman (2005):
In other words, a fuller answer to my former neighbor would be… Read full post »
Wow. Lots to babble about today. Let's get to it.
Since Nate left the NYT, the Times has created a group that they call "The Upshot", which has the remit to talk about data, graphics, and policy. Today was the release of April's employment numbers, and the mainstream pundits are aghast. Wh… Read full post »
This essay has been simmering for quite some time. Recent
events and others' essays have proven too much. It will
Let's start with the head exploding op-ed page of today's dead trees NYT: in the left column is the Right Wing Brooks and in the right column is the Left Wing… Read full post »
Another day of news, another thread not to be ignored.
And, as usual, it isn't a golden thread. Well, for those that
have lots of gold, perhaps it is.
Who knows when it came into the lexicon, although thanks to movies most of us assume it was WWII Germans, but "Ve ver… Read full post »
That didn't take long. Yesterday, it was reported that Colbert was the odds on favourite to replace Letterman, now today CBS announces it. Colbert, the real one, is a flaming left wing pansy. Colbert, of the Report, is a flaming right wing Nazi. Some number of his fans are goi… Read full post »
There's that old, and continuing, adage: "you can't beat
Mr. Market". Well, baloney. You sure can beat Mr.
Market like a rented mule. For some definition of 'you', of
If you've billions in moolah, it does get a little harder, from one point of view; yet even easier from… Read full post »
With all the boohooing from Titans of Industry, and if you
believed them, you'd think that Obambi has been the apocalypse of
Satan. Well, not so much:
After-tax corporate profits in President Obama's five years in office have averaged 9.3 percent of G.D.P. That is a full two percen… Read full post »
A long ago friend decided to go into the fiber art business,
after being a bureaucrat and educator. I guess there's art to
be found in fiber. Just not in North
Carolina. That happened nearly three years ago. And
cartel is still at it.
It was, therefore, with som… Read full post »
(Another quant-ish post, but with some existential pondering.)
One of the more interesting escapades in the bio-stuff sector over the last couple of years has been the effort by MannKind to get its version of inhaled insulin, named Afrezza, approved (no, I don't own any or short any). Before y… Read full post »
Every now and again, and today was one of those nows, some
sports pundit will trot out the tried and true, "X is horrible
today compared to 19XX because of all that player dilution".
And blah, blah, blah. Baloney.
Take baseball, please.
In 1950 there were 16 teams with 25 player rosters.&nb… Read full post »
The search for MH370 raises the simple question: where are
the pictures from all those American spy satellites? I was
thinking Key Hole, KH12, but it turns out the Key Hole designation
went out of vogue way back in the 1970s. Wow. Some
surfing reveals a bit of irony.
Turns out… Read full post »
I had been mulling over writing this all up, under the title
"What's a Quintillion Among Friends", but it's only a bunch of
college basketball games and not worth the effort to get the number
exactly right. Nah, ain't worth it. BUT...
Two things happened.
1) I saw Nate Silver bloviating, on… Read full post »
There's a new Maxwell GEICO commercial out, of which I've only seen the last few seconds, where Maxwell is sitting by the pool (beach?) in a deck chair, phone in lap. He's jiggling his trotters whilst looking dreamily at the phone and chanting "boots and pants and boots and pants". I… Read full post »
Narrator: Return with us now to the thrilling days of yesteryear... Mr. Peabody (and Sherman...) please set the WABAC to 1790, France where we'll have some cake with Marie Antoinette.
Control Room: Ummm... Mr. Peabody is an animated dog, there is no WABAC, and Marie likely had nothing to… Read full post »
A story out today, "ARMs are back! Reverse mortgages too! Is this housing bubble 2.0?" contains this prized morsel of wisdom:
"A typical first-time homebuyer may be unable to afford a typical home in the near term, if mortgage rates and home prices continue to rise without sufficient increases in inc… Read full post »