Saturday, November 13, 2010

Economics 101 - Lesson #11 QE Explained


38 comments:

Anonymous said...

shit I just bought shares in a company that is mostly owned by the Goldman Sachs!

http://finance.yahoo.com/q/bc?s=LLNW+Basic+Chart&t=1y

Limelight Networks, Inc. provides content delivery network (CDN) services in the United States, Europe, and the Asia Pacific. The company delivers content for traditional and emerging media companies or content providers, including businesses operating in the television, music, radio, newspaper, magazine, movie, videogame, software, and social media industries; online businesses operating e-commerce storefronts; and government organizations and corporate or enterprise businesses that operate a Web site. Its services include LimelightDELIVER that provides HTTP/Web distribution of digital media files, such as video, music, games, software, and social media;

Anonymous said...

LLNW Profile | Limelight Networks, Inc. Stock - Yahoo! Finance

should I sell?

Max Keizer said...

only if Goldmans put out a 'strong buy' signal

Anonymous said...

FED ANNOUNCES QE2 "BUY MORE STOCKS"

Anonymous said...

Warning of new era of surveillance state - Telegraph

Anonymous said...

This is a joke, right?!

stef said...

FED ANNOUNCES QE2 "BUY MORE STOCKS"

The robotic voices used in these things are perfect

stef said...

"This is a joke, right?!"

An old teacher trick when dealing with difficult kids is to, rather than instructing them to do something directly, give them two shitty choices. That way the kid can pretend he's exercising his own free will whilst still submitting to your will

e.g. 'You can give that to me or you can sit at your desk during playtime'

It rarely fails

Obviously, you have to make sure that your desired outcome is the marginally less shitty choice of the two

The choice for TSA 'customers' is now...

'You can have your children irradiated or you can stand there and watch whilst I feel them up'

Personally, I'd go for the feel up rather than the cancer ray which I suspect isn't the desired behaviour. So I'm not convinced the TSA's thought this one through

AliBongo'sBookOfPolitricks said...

In a typical example of the Magician's Choice, the magician will ask a spectator to make an apparently free choice among several items. No matter what choices the spectator makes, the magician ends up with the item which he wanted the spectator to choose.

Anonymous said...

here is one example of why we here in the west are fucked.

YouTube - Nov 12 - Chinese workers build 15-story hotel in just six days

amazing.

Anonymous said...

As the United States and China battle over the finer points of currency manipulation at the G-20 summit, American negotiators may want to take note of this startling testimonial to the productivity of Chinese workers: A construction crew in the south-central Chinese city of Changsha has completed a 15-story hotel in just six days.

If nothing else, this remarkable achievement will stoke further complaints from American economic pundits that China's economy is far more accomplished than ours in tending to such basics as construction.

Meanwhile, it's easy to imagine the disorientation of Changsha residents who'd gone away, or who just hadn't recently ventured into the downtown neighborhood of the new Ark Hotel: "Honey, I don't remember a hotel there, do you?"

The work crew erected the hotel -- a soundproofed, thermal-insulated structure reportedly built to withstand a magnitude 9 earthquake -- with all prefabricated materials. In other words, a crew of off-site factory workers built the sections, and their on-site counterparts arranged them on the foundation for the Ark project.

Despite the frenetic pace of construction, no workers were injured -- and thanks to the prefab nature of the process, the builders wasted very few construction materials.

stef said...

"here is one example of why we here in the west are fucked."

I read this comment in another place which I thought made some relevant points

"I'm a realist.. and the reality is the modern private sector just doesn't generate many jobs. Actually the number of people employed by the private sector is in decline all around the industrialized world. Its not just a phenomenon in Britain, and it doesn't matter if left or right wing governments are in power.

Imo if the Tories do decide to cut large numbers of government jobs, an equal number of people will end up long term unemployed. And because the private sector is always downsizing in this day and age, more will join them year by year.

This reality has dystopian aspects. Because instead of free men earning their way based on the value they add, each year more and more people are simply becoming wards of the state. No matter how hard someone works they can never compete with an industrial robot or farm combine.

I notice many people on the political right do not want to believe this reality is happening. So they increasingly block out reality."


That, of course, assumes we continue to have enough energy to power the robots and run the combines. If we don't, there'll be plenty of work to go round

Edo said...

You'll like this.
http://www.youtube.com/watch?v=peX4dBEF0Vg

Anonymous said...

lets hear it for the Irish!!hip hip!horray!

Expectations of Aid for Ireland Lift Global Markets - Yahoo! Finance

Anonymous said...

excellent.Thanks for that.All very true.

YouTube - The Banker

gyg3s said...

Tried to post this earlier,

A really interesting story has just hit the press, "Fingerprint identification evidence questioned by senior judge.

The speech by Leveson LJ is quite interesting too.

I've been interested in this subject ever since I wrote an essay about the admissibility of scientific evidence for a law course I did a while back.

Here's a snippet of what he say's,

... continued

gyg3s said...

"Fingerprint technology, unlike facial mapping, DNA profiling or ear-print identification, is a century old identification process. Indeed, fingerprint identification is often considered to be virtually unassailable evidence tying a person to a crime. Yet the reliability of fingerprint identification has recently come under scrutiny following numerous cases of ‘false positive’ fingerprint identification, in which an innocent person is singled out erroneously13.

... continued

gyg3s said...

continued ...

There is growing unease among fingerprint examiners and researchers that the century old fingerprint identification process rests on assumptions that have never been tested empirically. The US National Academy of Sciences has recently found that long-standing claims of zero error rates were “not scientifically plausible”. This finding has left fingerprint examiners in a rather awkward position. One of them asks14:

“How do you explain to the court that what you’ve been saying for 100 years was exaggerated, but you still have something meaningful to say?”


continued

gyg3s said...

continued ...

The answer, I would submit, is to do the research and collect the information to ensure that the methodology of fingerprint identification is robust and capable of defending a challenge based on reliability." [pdf]

There's a lot more to say on the subject.

The chap who is leading the field in this work is Simon A Cole, for those who want to read more.

gyg3s said...

Apologies for such a long post.

But this is a really important speech.

Anonymous said...

Stef should like this,the "Fucks" are flying!

YouTube - Most Unparliamentary Language

Anonymous said...

Lets hear it for google EARTH
another fine service from the US of A
Since going live in Germany, the service has captured a series of bizarre events, including a naked man climbing into the boot of his car on the driveway of a house in Mannheim, south-west Germany.

Another camera appeared to capture the birth of a baby on a street in a Berlin suburb, although there are question-marks over the veracity of the incident.

Anonymous said...

Another TSA joke

Anonymous said...

YouTube - 'The Euro Game Is Up! Who the hell do you think you are?' - Nigel Farage MEP

gyges said...

Anyone here following the 'Phone Hacking Story?

The story that is supposed to be about Cameron's press aid but is about something much much deeper.

Namely, Scotland Yard are sitting on evidence of 6,000 instances of 'phone hacking crimes occuring but aren't doing anything about it.

Anyway, the story is slowly crawling along with ...

"PCC chairman faces resignation call following high court apology

....
"

continued

gyges said...

continued

"This clashed with the official version of events, which acknowledged only eight victims, including Gordon Taylor. The Press Complaints Commission, which had already endorsed this official version, then produced a second report that came to the same conclusion. This was denounced as "a whitewash" by Labour MP Paul Farrelly.

In a subsequent speech to the Society of Editors in November last year, Buscombe defended the PCC's reports and claimed that she had received "new evidence" from Scotland Yard saying that Det Sgt Maberly had been misquoted. The baroness said she would add this to the PCC's latest report and send it to the chair of the media select committee. "Any suggestion that a parliamentary inquiry has been misled is, of course, an extremely serious matter," she said.

Lewis started an action for libel against Buscombe and the PCC, complaining that they had made no attempt to check Scotland Yard's claim and that the clear implication off her speech was that he had lied and invented the figure of 6,000.

At the high court, the PCC and the baroness made a formal statement of regret along lines which they had previously posted on their website: "Baroness Buscombe has never suggested - and does not believe - that Mr Lewis misled the select committee and her statement was not intended as a criticism of him or the evidence which he gave to the select committee. Baroness Buscombe regrets that her statement may have been misunderstood."

Mark Lewis also started a libel action against Scotland Yard over related emails which they sent to the PCC about his evidence to the select committee. That action has not been settled.

....
"

gyges said...

In reverse order ...

Anyone here following the 'Phone Hacking Story?

The story that is supposed to be about Cameron's press aid but is about something much much deeper.

Namely, Scotland Yard are sitting on evidence of 6,000 instances of 'phone hacking crimes occuring but aren't doing anything about it.

Any, the story is slowly crawling along with ...

"PCC chairman faces resignation call following high court apology

....
"

continued above

Anonymous said...

Anyone here following the 'Phone Hacking Story?

The story that is supposed to be about Cameron's press aid but is about something much much deeper.

Namely, Scotland Yard are sitting on evidence of 6,000 instances of 'phone hacking crimes occuring but aren't doing anything about it.

continued

gyges said...

and the link to all of this is

Anyway, the story is slowly crawling along with ...

"PCC chairman faces resignation call following high court apology

gyges said...

"PCC chairman faces resignation call following high court apology

link for the above.

stef said...

"Stef should like this,the "Fucks" are flying!"

I did. Cheers muchly

stef said...

"Another TSA joke"

I'm currently deciding what to buy my nephews for Christmas. It's a toughie. Should I get a couple of these or a couple of these

paul said...

As a responsible adult, it's up to you to make these tough, intergenerational decisions.

Stef said...

@gyges

"Apologies for such a long post."

thanks for sharing, I've only just got a chance to catch up with this post

having realised some time ago that (virtually) everything I knew was wrong, I can't say that this revelation comes as much of a surprise...

Anony said...

Back onto the economics topic:
An interesting essay:
Who bankrupted Ireland?

Anonynony said...

World Economy Collapse explained in 3 minutes

gyges said...

I think the Rev Bayes (with a little help from Laplace and Cox) would say that,

P(wikileaks is a limited hangout | the revelations from the 250,000 documents are so paltry) = P(the revelations from the 250,000 documents are so paltry | wikileaks is a limited hangout)*P(wikileaks is a limited hangout)/P(the revelations from the 250,000 documents are so paltry)

Anyone want to have a stab at putting in numerical values?

Anony said...

Back onto the economics topic:
An interesting essay:

Who bankrupted Ireland?