Archives: September 2011

We Shall All Hang, Separately

Posted by: Tom Keene on September 29

Ezra Klein, he of Bloomberg View and The Beltway Post, just launched a "timeline" of sport as we know it. (No, not Braves, Cardinals, Rays & Red Sox.) Sport is...

Washington in Silence

Posted by: Tom Keene on September 26

Much is the same. 187 nations of economists, wonks du policy and political leaders ascending and descending the moment. A description for the Greece is Going Down in Flames Fall...

Swotting Up About Economics

Posted by: Tom Keene on September 20

He started at Societe Generale's Middle Office in August 2000, where he would have learned how the bank's system of checking on trader's activities worked...He would spend hours swotting up...

The Brazilnesia Investment Act of 2013

Posted by: Tom Keene on September 19

"Do you want to give them the keys back? Me neither. And do you know why? Because they don't know how to drive! At a time when we're just getting...

A Non-Linear Day

Posted by: Tom Keene on September 16

Many securities exhibit some linearity until the test of fire. Nassim Nicholas Taleb, pre-Swan, pre-fooled. Christine called. Could I possibly have a conversation with Taleb, Kahneman and Birinyi? I screamed...

Into the Deep End

Posted by: Tom Keene on September 14

The extent of deep poverty in 2010 was unprecedented (at least since 1975 when we first started collecting the data for this statistic). Besides last year, the closest deep poverty...

Pneumonia of Our Discontent

Posted by: Tom Keene on September 13

We offer a prediction: Italy will soon enter a recession. The budget may not be balanced, but the country will be kept afloat, inside the euro, by the continuing ECB...

This Will Be War

Posted by: Tom Keene on September 08

Reviving the middle class requires that we reverse the nation's decades-long trend toward widening inequality. This is possible notwithstanding the political power of the executive class. So many people are...

An Investment Speech

Posted by: Tom Keene on September 06

Central banks can print money, but they can't print investment opportunities or work incentives. The only way for interest rates to remain near zero for a long period of time...

Identical Individuals

Posted by: Tom Keene on September 02

A worker who is employed in an area of high unemployment earns less than an identical individual who works in a region with low joblessness. Blanchflower & Oswald, The Wage...