My first article used Myerson’s Prize lecture to explore why his methodology, theories, and recommended policies failed so spectacularly. This article expands on that theme by citing other work by Myerson.
Thanks to the life support of $12 trillion and 515 rate cuts by the world’s central banks since March 2009, the global economy’s heart is beginning to beat again.
If you’re not familiar with the term “putting lipstick on a pig,” well I think there is an apt example at play again from the people who seem to be experts at applying the lipstick.
http://www.engrish.com/2012/11/thats-what-they-told-me-to-write/
Found in Oman.
Since posting this chart of cash WTI crude oil price (sent by a reader) on Twitter, we’ve received a number of constructive replies. In technical terms this would be called a “symmetric triangle”, which would typically result in a breakout to either si…
In Japan, wives aren’t part of the show. Back in the day, they walked a few feet behind their husbands. In politics, they still aren’t part of the show. But when a wife suddenly invites herself to the show, and not demurely behind her husba…
The Bank of Japan is sticking to its policy of fiscal stimulus to try to stoke inflation, and that’s rattled markets worldwide.
Legendary bond guru Bill Gross doesn’t think too highly of the Federal Reserve and Ben Bernanke’s monetary policies.
“There comes a point when no matter how much blood is being pumped through the system as it is now, with zero-based policy rates and global quantitative easing programs, that the blood itself may become anemic, oxygen-starved, or even leukemic, with white blood cells destroying more productive red cell counterparts,” Gross writes in his June investment outlook titled Wounded Heart.
Ordinary Americans have been thrust into a nightmarish Orwellian daze.
I see tinfoil hat-wearing conspiracy theorists waiving their hands about in joyful affirmation, and it feels plain unnatural.
One of the really beneficial things about science is its power to transcend borders and ideologies.
Scientists in countries that may be totally hostile to one another have the chance of collaborating on difficult problems in a spirit of openness.