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| Great interview by w Sheila Bair, who was "surprised & disappointed" by Derivs votes |
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| Yup. K's graduation over weekend. I'll be back in late June for a bit too - we should hang out if you're around. |
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| Yes - especially if everyone is living in consensus-driven Occupy camps in 2-3 generations. |
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| Moment when you borrow 's copy of 's Democracy Project, see "Konczal, Mike, 84-87" in index, disrupt cafe with "!!!" |
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| Thanks - will probably do another take of it after I go further into their arguments. |
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| Fixed now. I blame input error, exploitation of workers by the managerial class. |
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| My Sheila Bair interview: on resolution authority critics, higher leverage ratios and why she's now for swaps pushout |
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| Wait, do you think arguments that government can provide public goods and social insurance well are the same as socialism? |
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| great vengeance, furious anger. rt : This piece on 1999 vs 2013 is everything |
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| "Baldy" goes too far, crosses a line, yo rt An Aaron Baldy moment hellbent on MOOC disruption |
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| Season 6 also had the Savannah murder mystery episode, which is still a go-to for me. |
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| Are low rates leading to low yields? Policy rate impacts lending and the borrowing costs. |
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| Right. Season 7-9 are genuinely not good, but I'd defend 4-5 for the Jim/Pam and darker storylines that you bring up. |
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| With The Office finally ending tonight, re-upping 's defense of late Office, particularly seasons 4-5. |
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| "Whether Obama [prevents hyperinflation] successfully will be a big factor in his historic reputation" Kinsley, 2010: |
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| The Smith/Klein/Kalecki Theory of Austerity |
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| QE3 Purchases > Guidance Language; Portfolio > Expectations rt : QE1 > QE2 > Twist > QE3 |
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| One argument is return-to-equity is (exogenously) fixed, at low rates take more risks to hit. Theory has many problems. |
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| Not clear you wouldn't have same activities if policy rates higher. Magnetar didn't need unconventional Fed policy |
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| Yes to that. Also tension b/w those who think MOOC will radically change pedagogy vs. provide college education at 0 marg cost. |
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