Why Central Bank Models Failed and How to Repair Them
Why macroeconomic models perform so badly.
Read more...Yearly Archives: 2016
2:00PM Water Cooler Festivus 2016
Today’s Water Cooler: Democrat blaming, Obama’s reverse Midas touch, gold, cobalt, lead, Consumer Reports, your cat’s performance review
Read more...Chanos: Is a Big Change Underway in Global Capitalism?
Storied short seller Jim Chanos takes a long view of recent political and economic changes, including, of course, the Trump win.
Read more...Links 12/23/16
I Correct Schumer Fudging What Medicare Privatization Would Mean and He Pretends He Was Being Honest All Along
Chuck Schumer’s nose is getting so long that he needs to get a hacksaw. That does not not bode well for the Democrats standing up to Trump.
Read more...Tom Engelhardt: The Future According to Trump
Gaming out some likely Trump scenarios.
Read more...Deutsche Bank Wins in Stare-Down With Department of Justice Over Mortgage-Backed Securities Liability; Credit Suisse Also Settles While Barclays Holds Out
Deutsche came off well in a mortgage settlement with the DoJ, while Barclay’s decision to fight doesn’t look so smart.
Read more...2:00PM Water Cooler 12/22/2016
Today’s Water Cooler: White House Trade Office, Ellison, front row kids, leading indicators, Nest bezzle, pre-existing conditions, libraries
Read more...The Global War on Cash – Lessons from History
Introduction Regular readers will be fully up to speed on the Reserve Bank of India’s botched attempt at a handbrake turn style demonetisation thanks to Jerri-Lynn Scofield’s thorough coverage (see here, here and here for more background on this sorry tale). But the Indian government’s attempt at implementing a strategy of moving an economy away from physical cash […]
Read more...Links 12/22/16
Uber’s Woes Mount: California Strips Driverless Cars’ Registration, Losses Rise, VAT Charges Loom
Uber has a bad week.
Read more...Italy Announces Sketchy Plan to Bail Out Monte dei Paschi
The Monte dei Paschi domino is finally about to fall. But what does that mean in practice?
Read more...Hospitalized Patients Treated by Female Doctors Show Lower Mortality
A JAMA article, based on a large, well-designed study, found that female doctors in hospitals saved more lives than men. The question is why
Read more...2:00PM Water Cooler 12/21/2016
Today’s Water Cooler: Trump infrastructure, oligarchy, Apprentice tapes?, Democrat post mortem, Cass Freight Index, OxyContin, ground truth
Read more...Flint Water Crisis: Michigan AG Pursues Felony Indictments Against Former Emergency Managers
Felony indictments of managers promise some accountability in the Flint Water Crisis. Will this extend up the political chain of command?
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