Technical difficulties and, frankly, my own stupidity, prevented me making three points I thought were important on Primetime last night.
Image by Getty Images via Daylife
First was the nature of the problem: banks have liabilities in the form of loans that might go belly up, and homeowners have the other side of that balance sheet with their [...]
Also tagged Add new tag, Bank, Financial services, Interest rate, Loan, Mortgage, Short, United StatesThis lecture is all about introducing you to something you won’t find anywhere else–the stock market from a physicists viewpoint. Some notes are here, the big set of notes are here. This lecture is based on MFM Osborne’s pioneering work in econophysics in the 1970’s, his best work is here. Here are the lecture slides.
If [...]
This lecture introduced you to some interesting terminology and a few pieces of notation we’ll use throughout the lecture series. Here are the notes I gave out in class, two cool readings can be accessed on my twitter stream for this class, read this if you’ve only got 5 minutes before tomorrow. Head to Wolframalpha [...]
Also tagged Add new tag, Equities, Investing, Math, Number Theory, Stock market, Stocks and Bonds, TraderThe smart economy is a nice idea, perhaps even a good idea. But like most nice ideas, when exposed to reality, the smart economy just breaks down. The smart economy as a concept takes no notice of the detail: who is looking for what type of job right now, and how long will it take [...]
Also tagged Add new tag, Construction, Financial services, Ireland, Limerick, Mid-West, Organisations, UnemploymentEC6012 students should take a look at this article on debt and trade deficits, on how the US, with a very low savings rate, and already up to its eyeballs in debt, can experience an improvement in its trade deficit over 2009, mainly by printing money. Put these two charts from Mike’s post side by [...]
Also tagged Add new tag, Balance of trade, Debt, Economic, Financial services, Personal Finance, Quantitative easing, SavingHere are the notes for tomorrow’s PhD student talk on beauty in mathematical modeling. I’ll bring a handout to class of other modeling tips also.
Also tagged Add new tag, Doctor of Philosophy, Econometrics, Economic, Hal Varian, International trade, Supply chain, Time seriesHere’s a presentation of a paper I’ve now spent 3 years writing, re-writing, editing, and tweaking. It was presented at the LSE on Friday, thanks to Adam Oliver for organising the event. I’ve blogged about this paper a few times, but this is the simplest summary I’ve come up with to date. Any comments/questions/suggestions would [...]
Also tagged Add new tag, Business Services, Communication, Editing and Proofreading, Stephen Kinsella, United States, Writing, Writing and EditingToday marks a year since the announcement of Dell’s closure in Limerick. Unemployment has since soared in the region, particularly among young men. The (interim) findings of the Dell Taskforce have not been implemented, the 21 million Euros earmarked by the EU and the Irish government for Dell workers has not, to my knowledge, made [...]
Also tagged Add new tag, Business and Economy, European Union, Flood, Government of Ireland, Ireland, Limerick, OrganisationsProblem: Cash strapped local authorities, inadequate pension provision within an aging society, and reduced infrastructural development. Solution: Municipal bonds.
(Co-written with Karl Deeter, and also posted on the TASC Blog. Please head there to leave a comment.)
Municipal bonds are debt instruments issued by local authorities to finance investment projects. Yesterday’s announcement by government of a Recovery [...]
Here’s an article I wrote for the Moyross Voice.
Two intertwined facts convince me that the Regeneration project must be completed, and ahead of schedule. First, more than 20,000 people are signing on the Live Register in Limerick alone. Second, nearly 6,000 of these are young men under 25, with no more education than a Leaving [...]