Archive for January, 2009
randomness
This is an incredible series of clips.
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the problem
I found this chart through a recent post on Karl Denninger’s Martket Ticker blog, which he found from Chart of The Day. The annotations are mine.
It is fairly obvious what has gone wrong. Through the ‘01-’03 recession, the Fed fought the business cycle and tried to reflate the economy through an expansion of debt. The [...]
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gladwell
A video for your viewing pleasure. I haven’t read Outliers, but I intend to do so.
I am particularly interested to see how his views square with (or contradict) those of Nassim Nicholas Taleb. Taleb drills the point home in Fooled By Randomness, that looking for common characteristics of statistical outliers (gadzillionaries, etc.) is a meaningless [...]
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s&p 500 vs gold
This is a chart of the S&P 500 cash index versus gold. That is, it’s measuring the value of the S&P 500 index in ounces of gold.
It couldn’t be clearer that we’ve been in a secular bear market for the last eight years. The so-called bull market and economic expansion from 2003-2007 was, in fact, [...]
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The world has excess capacity in everything. Have a look at all these manufactured cars that have nowhere to go. Automakers are leasing empty lots at ports and fairgrounds to park and store unwanted automobiles.
A global collapse is looking increasingly likely. Our economy has been fueled by nothing but debt vapors since 2000. It is [...]
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elementary school
I found this to be captivating.
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failblog…again
Another brilliant one from the failblog.
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