Dr. Keynes Was Right
MY RECENT POSTS
- Up The Down Staircase
September 15, 2014 04:05PM
- Alice In Wall Street
September 05, 2014 12:41PM
- Reservations for ... 8
August 28, 2014 12:51PM
- The Poor Will Always Be Us
August 24, 2014 05:31PM
- Peter, Peter Pumpkin Eater
August 21, 2014 12:41PM
MY RECENT COMMENTS
- “Well, the NFL does have
a problem (so, too, the NBA to
lesser extent at the
September 11, 2014 10:08PM
- “When in rock n roll, I
always go with Dire
September 06, 2014 09:18PM
- “Well, when I got out of
school, the recession of '73
time for the OPEC
September 05, 2014 06:25PM
- “Years ago, I worked in
Washington, DC. I did stat
programming and such.
September 05, 2014 06:15PM
- “It was Dubya's (which is
to say, the .1%'s) SEC,
Treasury and such. They
September 05, 2014 02:42PM
Robert Young's Links
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 »
A wealth of confirmation over the last few weeks, but I'll
resist temptation, and keep this missive to one,
Jeremy Rifkin's riff on the death of capitalism.
What he misses, or at least doesn't say, is what's really driving the death spiral. And that factor is what I've mentioned a few times… Read full post »
(Yes, don't read if you've not watched.)
Is it just me? The final episode of "True Detective" was truly defective.
First off, there's no way that they would have survived those wounds for hours.
Second, the Jesus pose in hospital was a bit much.
Third, McConaughey's religiosity at the Os… Read full post »
Apple is in trouble. Before the iPhone, it was a small time computer assembler, with little impact outside a few niche sectors. The iPhone changed all that, not least of which was morphing Apple from a computer company to a toy company. Not that anyone, Jobs possibly excepted (I don… Read full post »
"In today's fights over financial reform, the advantage goes to
those who hold the low ground, the underground, the dark room where
a rule can be modified in ways only a small handful of experts can
follow. These are the battles the banks can win."
That's from Jesse Eisinger's DealB%k column today.&nb… Read full post »
(One of the tech pieces. You, too, can be a finance quant; just like learning taxidermy from those matchbook cover correspondence courses.)
When I was a kid, the parents had many sayings related to child rearing. Some were intended to restrain the kids just for the sake of the parents'… Read full post »
Wherein we discuss the confluence of quants, computers,
macroeconomics, and SQL.
Herbalife is a ponzi scheme, although it remains legal. So is bitcoin. Whether either will survive 2014 is up for debate. For this piece, bitcoin is discussed.
For those who're lazy (or don't like my pros… Read full post »
At various times along the way I've asserted that even the 1% need Obamacare. In general, the point is that some things are simply too expensive, even for the rich, if only the 1% can afford them. Even if marginal cost is low (a fact virtually ignored by the MBA types),… Read full post »
Yesterday, I tossed in a metaphor to the growing realization that there just might be limits to making "new" tech. Specifically, that:
May be vendors should include a phone life's supply of Prozac?You know, with the stasis of tech, we enter a Dark Age, where little ever changes, the archetype…
A recent itch, motivated in large part by the carping from the
smartphone gallery, is that Moore's Law nears repeal. Unless
some new physics becomes evident.
Announcements for the latest Samsung Galaxy phone abound. This is from AnandTech. Pay special attention to the comments. … Read full post »
(Another comment, elsewhere, that gets elevated to essay. Kind of a selfie, I guess. The context: whether any of the other semiconductor companies can, or even should try to, match Intel.)
The larger issue, and certainly not imminent for the momo or day trading types, is what bec… Read full post »
FOMC transcripts are released. As you can see, they're
extensive. More text than my single set of eyeballs really
want to endure. Fortunately, the NYT has plenty of eyeballs,
and have gone through them. And published a number of pieces.
What's missing from the w… Read full post »
Ok, I know I should enter some blogging, commenting twelve step
program, but may be tomorrow.
Anyway, one of the many postings, many places, chewing on the WhatsApp buying led me to post the following comment (it starts with a snip from a previous comment):
-- younger users will move from them… Read full post »
Here's an interesting quote (from here):
Does that ring a bell? That kind of trade is similar to transactions in derivative products known as credit default swaps that played a key role in the financial crisis. Credit default swaps allowed investors to bet on the health of housing-related secu… Read full post »
It's the end of the world as we know it
(It's time I had some time alone)
And I feel fine, fine
Yes, yet another pot shot at the Zuck for dropping $4, $12, $16, $19 billion (depending on how you count) for something called WhatsApp. For the record, Forbes says that's for… Read full post »
Nocera talked up some recent books, such as "The Second Machine
Age" and "Who Owns the Future?". His column, both a
confirmation and contradiction rolled in one.
Confirmation, to the extent that the effect of technology is largely as talked about in this endeavor. Contradicti… Read full post »
The AOL brouhaha has finally been outed. We think. The company, at least its CEO, hasn't the foggiest idea what insurance means. Hire an actuary or two. I might even volunteer; kind of like a HuffPo contributor. No, while I'm a nice guy (mostly), I'm not a Fellow.
Most l… Read full post »
The first in a, likely weekly, series of recaps of silliness and
succor during the previous week. Now that there's no foobawl
on Sunday to distract...
Let's start with Maher, from Friday. I didn't note down the numbers, being snuggled up in bed whilst I watched, and transcripts don't appea… Read full post »
There once was a movie (1965), "Boeing, Boeing", a farce (it had to be, of course) starring Tony Curtis and Jerry Lewis.
Bernard's life is turned upside down when his girlfriends' airlines begin putting new, state-of-the-art aircraft into service. These faster airplanes change all of the existing rou… Read full post »
Today's NYT brings yet another
context-free Brooks column, wherein he makes yet more claims of
a rosy future. Sort of.
He starts by trashing previously gold standard smarts, then poses the rhetorical query:
But what human skills will be more valuable?So, what are his candidates?
... people who c… Read full post »
This endeavor started with a missive which asserted that the Bernanke/Obama recovery plan couldn't work
In 2009, who are the unemployed? Not, by and large, workers in factories that will make goods for American consumers. The deindustrialization of the economy, in progress since the 1970's, makes any… Read full post »
Do you prefer your orange juice from the orange, or from the frozen can? Can is cheaper, and, if your water is decent, will taste just as good as the kind in a gallon jug. Which brings us to Humira. I'm watching a golf tournament, and there was just a commercial… Read full post »