naked capitalism

Anonymous says:

Yves – I generally find your linking excellent but I am puzzled by the link to the Dean Baker column, which is an unargued hit-piece of no value.

Like one of the comments on the Wal-Mart link, I am puzzled as to how the company could analyze the data and conclude that purchases of a certain item spiked at pay periods.

doc holiday says:

Thanks, “Yves” for more great examples of weird crap related to The Large Hadron Collider. This seems to be “The Place” for coming to terms with reality and then laying oneself spread eagle in the healthy path of denial, which one day will result in the expression of anger and grief. This old seadog represents the tsunami of easy credit that results in a sea of tears….

doc holiday says:

Juan,

It seem obvious to me that there is a correlation between semi-random moovements of cows and fresh mushrooms, lemonade concentrate and ice. The Brownian Motion capture of streaming, seemingly unrelated activities, like random cow walks is just a step away from the motions necessary to produce lemonade or to hunt mushrooms.

This is not physics by any means, but when a rating agency or someone like David Li tinkers with shadow banking shit that does result in obviation and the covering up of sunshine, which is linkable to the processes of growing mushrooms — this act of blending various financial fantasies into a stream of cowshit is just madness in motion and we need to call this chaos and not magic.

See: Copula and smoking bad weed

http://en.wikipedia.org/wiki/Gaussian_copula_model#Gaussian_copula

In statistics, a copula is used as a general way of formulating a multivariate distribution in such a way that various general types of dependence can be represented. Other ways of formulating multivariate distributions include conceptually-based approaches in which the real-world meaning of the variables is used to imply what types of relationships might occur. In contrast, the approach via copulas might be considered as being more raw, but it does allow much more general types of dependencies to be included than would usually be invoked by a conceptual approach.

>> I'm sorry if this doesn't help, but there are still reasons why one should believe that The Large Hadron Collider is linked to chaos, i.e, we know there is chaos anyway and random stuff that goes down, which can't be factored into models, because, if we knew about the shit we don't understand, we would'nt need a model to address the obvious fact that the model we built yesterday is outdated, hence all models are irrelevant in terms of being predictive.

As long as rating agencies continue to be well paid to model past events, which have no relationship to future events, then we can assume that any ratings that are based on future events have no value. It does amaze me that this type of con-game is supported by so many retards — I mean, did these rating agencies provide a safety new for anyone or decrease risk? The only reason they exist is because they are a conduit for fraudulent accounting and misrepresentation — ask any cow!