Showing posts with label model curse. Show all posts
Showing posts with label model curse. Show all posts
Wednesday, October 21, 2015

Economic Myth Busted: In the US, Savings from Lower Gas Prices was Spent on even More Gas!

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Remember the popular mantra/incantation “low oil prices equals more consumer spending”? (this applies not only to the US but elsewhere incl...
Monday, July 14, 2014

IMF Declares Bulgarian Banks Safe Two Weeks before Bank Runs

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This serves as a classic example of the establishment’s “kiss of death” About two weeks ago, two major Bulgarian banks suffered a class...
Tuesday, May 13, 2014

Chart of the Day: The Fed’s Forecasting Models are Broken

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(hat tip Prof John Cochrane ) This Bloomberg article shows that the Fed Chair Ms. Yellen has also been concerned over "broken...
Tuesday, March 04, 2014

A former Central Banker's Confession: Central Bankers are making up as they go along

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The analytical underpinnings of what we [mainstream economists] do are actually pretty shaky. A reflection of that fact, is that virtually...
Saturday, January 18, 2014

How Western Environmentalism Shaped China’s One Child Policy

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Ideas have consequences.  China’s one child policy hasn’t been a communist idea, writes author Matthew Ridley. Instead this has emanate...
Thursday, November 21, 2013

Quote of the Day: Economists are about as useful as a fork in a sugar bowl

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If you suspected that mainstream economists are useless at the job of seeing a crisis in advance, you would be right. Dozens of studies sh...
Tuesday, September 10, 2013

Global Cooling: Artic Ice Cap Grows 60% in One Year

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The Daily Mail twits at the errors of BBC’s environmental scare mongering The highlights:   -Almost a million more square miles of ...
Friday, July 12, 2013

Quote of the Day: Quackroeconomics

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In discussions of macroeconomic policy in Washington and in the press, these four propositions are taken as given: ( S ) S pending is ...
Monday, June 10, 2013

10 things economists won’t tell you (why you shouldn’t listen to them)

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The above can be restated as “10 reasons why you shouldn’t trust economists” From Marketwatch.com (hat tip Professor Mark Thornton) ...
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Tuesday, June 04, 2013

How Financial Experts Bamboozle the Public

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Money pros had been taken to the woodshed according to the Global Association of Risk Professionals . (hat tip EPJ) [bold mine] American...
Thursday, May 23, 2013

Moody’s on the Philippines: No Property Bubble, Move along Nothing to see here

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An official of Moody’s claims that there has been “no property bubble” in the Philippines.Moving along nothing to see here. The Busines...
Monday, May 20, 2013

The Flaws of BSP’s Real Estate Monitoring and Banking Stress Tests

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Rushing in defence over growing concerns of the risks of asset bubbles, the Philippine central bank, the Bangko Sentral ng Pilipinas conduc...
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