forensicstatistician.wordpress.com
Wall of illusions | forensicstatistician
https://forensicstatistician.wordpress.com/2011/06/07/wall-of-illusions
Nothing escapes the forensic statistician. Is there a fundamental flaw in modern banking? June 7, 2011. I have just finished reading Karl Polanyi’s Great Transformation , and it is poignant to see the parallels between our current situation and the early part of the 20th Century. Polanyi was referring to “market-economy” as the market for land, labour and money, whereby these fictitious commodities are traded (and therefore priced / valued), as if they were real commodities:. As the assumption is this th...
forensicstatistician.wordpress.com
Super Quants and Super Models | forensicstatistician
https://forensicstatistician.wordpress.com/2011/10/27/super-quants-and-super-models
Nothing escapes the forensic statistician. Is there a fundamental flaw in modern banking? Super Quants and Super Models. Super Quants and Super Models. October 27, 2011. Some of you may have already heard of the “Quants”, the supposed supermen of financial engineering. The majestic modellers of risk management and liquidity management that within their black box algorithmic alchemy they alone hold the key to unlocking the wondrous stability and growth of the late 20th / early 21st century. It seems that ...
forensicstatistician.wordpress.com
It’s de ja va all over again | forensicstatistician
https://forensicstatistician.wordpress.com/2011/11/04/it’s-de-ja-va-all-over-again
Nothing escapes the forensic statistician. Is there a fundamental flaw in modern banking? It’s de ja va all over again. It’s de ja va all over again. November 4, 2011. Ever since this financial crisis exploded in 2008 there have been commentators likening it to the 1930s. Steve Keen explains that private debt levels (never mind the sovereign debt sideshow) are higher than they were in the late 1920s. Paul Mason. Covers this viewpoint quite succinctly. But this is only part of the story. This chart of G7 ...
forensicstatistician.wordpress.com
Is there a fundamental flaw in modern banking? | forensicstatistician
https://forensicstatistician.wordpress.com/is-there-a-fundamental-flaw-in-modern-banking
Nothing escapes the forensic statistician. Is there a fundamental flaw in modern banking? Is there a fundamental flaw in modern banking? In November 2010 I submitted the following paper to the Independent Commission on Banking:. ICB Submission – Nov 2010. Here are the main points:. 1 The very structure of separating loan origination from ownership awakens deep rooted concerns about the exploitation of asymmetric information, namely Adverse Selection and Moral Hazard. 5 Finally, the climate for fraudulent...
forensicstatistician.wordpress.com
Welcome to the Post-Growth Economy | forensicstatistician
https://forensicstatistician.wordpress.com/2011/09/21/welcome-to-the-post-growth-economy
Nothing escapes the forensic statistician. Is there a fundamental flaw in modern banking? Welcome to the Post-Growth Economy. Welcome to the Post-Growth Economy. September 21, 2011. This post is an excerpt from Richard Heinberg’s recent newsletter (Museletter! Both mainstream views miss the vital point that Richard lays out below:. 8212;——————-. Admittedly this is still a minority point of view. After all, in the real worlds of politics and economics, growth is essential to creating more jobs and inc...
forensicstatistician.wordpress.com
forensicstatistician | forensicstatistician
https://forensicstatistician.wordpress.com/author/forensicstatistician
Nothing escapes the forensic statistician. Is there a fundamental flaw in modern banking? February 6, 2013. More than 5 years into this crisis, and there is little sign of long lasting recovery. In fact, if the warnings of non-orthodox economists are to be believed, then we face an even starker future ahead. At their core, both social conventions of state and market are ultimately comprised of individuals. Many of these individuals deftly segue between private and public roles (e.g. Robert Ru...This cris...
forensicstatistician.wordpress.com
The discreet dash for the exits | forensicstatistician
https://forensicstatistician.wordpress.com/2011/12/21/the-discreet-dash-for-the-exits
Nothing escapes the forensic statistician. Is there a fundamental flaw in modern banking? The discreet dash for the exits. The discreet dash for the exits. December 21, 2011. We are in the midst of a depression / debt deflation, but one unlike anything beforehand. This is truly global. Truly interconnected, and truly uber-leveraged. No bank is safe, no asset is safe. No currency is safe and no country is safe. As energy declines, then real productive capacity is likely to fall too, which means that there...
forensicstatistician.wordpress.com
Peak resources | forensicstatistician
https://forensicstatistician.wordpress.com/peak-resources
Nothing escapes the forensic statistician. Is there a fundamental flaw in modern banking? The extent to which mankind is reaching limits in our ability to extract, mine and exploit natural resources is rarely discussed. Yet it is fundamental to our way of life, our prosperity and our future. The blog post “Is economics a real science” contained the following projections from the 1972 “Limits to Growth” research from the Club of Rome:. Peak Phosphorous: 1990 Source. Peak Gold: 2000 Source. Http:/ www....
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Beware false profits | forensicstatistician
https://forensicstatistician.wordpress.com/2012/10/12/beware-false-profits
Nothing escapes the forensic statistician. Is there a fundamental flaw in modern banking? October 12, 2012. It is probably long overdue, but now is a pertinent time to issue an extensive Profits Warning. For the West. This is because:. 8211; Stock market valuations are fictitiously high. 8211; Corporate profits are based on sham accounts (Zerohedge). 8211; The indebtedness of the average person in almost every developed country is excessive and unsustainable. 8211; Government debt is ballooning. This is ...
forensicstatistician.wordpress.com
The future stealers | forensicstatistician
https://forensicstatistician.wordpress.com/2011/09/28/the-future-stealers
Nothing escapes the forensic statistician. Is there a fundamental flaw in modern banking? September 28, 2011. This takes the form of the European Financial Stability Facility (EFSF) being expanded to something like three trillion Euros. Finance has proclaimed itself capable of undertaking time-travel, alchemy and telepathy, all in one simple move. In short, they are plundering from the future for its not around to protest against it. September 28, 2011 at 10:15 am. September 28, 2011 at 11:46 pm. I have ...
