Robert Young's Blog – March 2016 Archive (9)

I Still Hate Neil Irwin, Part the Fourth

The best part of not being an academic quant is that I don't have to read every word written by every academic quant on planet Earth. The worst part is the occasional time when an original insight turns out to have a name. Sigh.

In yesterday's Easter Homily, I mentioned an oft offered truth: the US buck is the global reserve currency, and for that reason we have to run a current account deficit against the Rest-of-World economies. The alternatives: 1) forsake reserve currency status…

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Added by Robert Young on March 28, 2016 at 1:36pm — 12 Comments

David and Goliath

There are two kinds of quant: the micro (firm/sector) and the macro (country/planet). The concerns of these two are not just different, but antithetical. The micro quant seeks to destroy the rest of the economy, and sweep up all the moolah to itself; while the macro quant seeks to keep the whole running in a long-term stable fashion. It's in the DNA of the micro quant to blame the damn gummint whenever a crash happens. Micro actors can't cause a crash, of course.

Over the years since…

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Added by Robert Young on March 27, 2016 at 6:15pm — 2 Comments

The Good. The Super. The Supreme. part the fifth.

It's good to be alive.

It's Super Tuesday.

It's impossible for the Rabid Right to get it's way with the Supreme court.

Regular reader may recall the proposition that motive and incentive always trump (hehe) data when they are in conflict. With the passing of Scalia, the RR immediately looked at the data, their control of the House and Senate, and pronounced that there would be no Obama replacement. They intended to get a Super Scalia, i.e. more rabidly right, next…

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Added by Robert Young on March 25, 2016 at 5:29pm — 2 Comments

The Good. The Super. The Supreme. part the fourth

It's good to be alive.

It's Super Tuesday.

It's impossible for the Rabid Right to get it's way with the Supreme court.

Regular reader may recall the proposition that motive and incentive always trump (hehe) data when they are in conflict. With the passing of Scalia, the RR immediately looked at the data, their control of the House and Senate, and pronounced that there would be no Obama replacement. They intended to get a Super Scalia, i.e. more rabidly right, next…

Continue

Added by Robert Young on March 22, 2016 at 10:47am — No Comments

The Good. The Super. The Supreme. part the third

It's good to be alive.

It's Super Tuesday.

It's impossible for the Rabid Right to get it's way with the Supreme court.

Regular reader may recall the proposition that motive and incentive always trump (hehe) data when they are in conflict. With the passing of Scalia, the RR immediately looked at the data, their control of the House and Senate, and pronounced that there would be no Obama replacement. They intended to get a Super Scalia, i.e. more rabidly right, next…

Continue

Added by Robert Young on March 17, 2016 at 8:02am — 5 Comments

Men At Work

The knuckleheads at the NYT managed to keep me from my daily dose of dead trees all the news. Fortunately, today it's back. And what a wonder it is. One of the minor themes of these endeavors is, what is the relationship among declining real investment, income concentration, wages, aggregate demand, and economic growth. In sum, my view is that history has shown us that a broadly overweening middle class, has most of national income, is the prerequisite for a stable society and economic…

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Added by Robert Young on March 9, 2016 at 7:14pm — 2 Comments

Weird Bedfellows

Trump can be heard on the recording saying, "Better Business Bureau just sent it...this just came in."

-- The Donald/2016

Earlier in the history of the nation:



"I have here in my hand a list of 205 [State Department employees] that…
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Added by Robert Young on March 5, 2016 at 3:00pm — 3 Comments

The Good. The Super. The Supreme. part the second

It's good to be alive.

It's Super Tuesday.

It's impossible for the Rabid Right to get it's way with the Supreme court.

Regular reader may recall the proposition that motive and incentive always trump (hehe) data when they are in conflict. With the passing of Scalia, the RR immediately looked at the data, their control of the House and Senate, and pronounced that there would be no Obama replacement. They intended to get a Super Scalia, i.e. more rabidly right, next…

Continue

Added by Robert Young on March 3, 2016 at 11:06am — 14 Comments

The Good. The Super. The Supreme.

It's good to be alive.

It's Super Tuesday.

It's impossible for the Rabid Right to get it's way with the Supreme court.

Regular reader may recall the proposition that motive and incentive always trump (hehe) data when they are in conflict. With the passing of Scalia, the RR immediately looked at the data, their control of the House and Senate, and pronounced that there would be no Obama replacement. They intended to get a Super Scalia, i.e. more rabidly right, next…

Continue

Added by Robert Young on March 1, 2016 at 9:55am — 4 Comments

NEW BLOG POSTS

Canned Heat, Canned Laughter

Posted by J.P. Hart on June 26, 2019 at 2:52pm 2 Comments

4th of July 1963 3 of 3

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Remembering Julie Johnson

Posted by Julie Johnson on June 25, 2019 at 10:30pm 6 Comments

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