August 2009
21 posts
http://www.nytimes.com/2009/08/27/opinion/27kristof... →
Warren Buffett warns about the federal deficit in... →
Unchecked Intermediaries: Price Manipulation in an... →
“How costly is the poor governance of market intermediaries? Using unique trade level data from the stock market in Pakistan, we find that when brokers trade on their own behalf, they earn annual rates of return that are 50-90 percentage points higher than those earned by outside investors. Neither market timing nor liquidity provision by brokers can explain this profitability differential....
“… the sexy job in the next 10 years will be statisticians”
– Hal Varian, chief economist at Google
http://www.nytimes.com/2009/08/06/technology/06stats.html?_r=1
http://www.reuters.com/article/businessNews/idUSTRE... →
NEW YORK (Reuters) - The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday.
Krugman: Rewarding Bad Actors →
“… high-frequency trading probably degrades the stock market’s function, because it’s a kind of tax on investors who lack access to those superfast computers — which means that the money Goldman spends on those computers has a negative effect on national wealth. As the great Stanford economist Kenneth Arrow put it in 1973, speculation based on private information imposes a “double...
“There are three kinds of lies: lies, damned lies, and statistics”
– Mark Twain / Benjamin Disraeli / proverbial
http://en.wikipedia.org/wiki/Lies,_damned_lies,_and_statistics
trying out Tumblr http://tumblr.com/andrewhon
andrewhon.org is back - powered by tumblr
Testing Tumblr importation of Twitter (is that a word)
Pandora One rocks
192 kbps is good stuff. Thanks Pandora! This is the most I’ve paid for music since college, and well worth it. Funny how I skipped the iTunes generation.
