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  1. M

    Congress honoring MJ

    This falls under 'you gotta be shitting me' Congresswoman Sheila Jackson Lee may have trouble keeping the promise she made at Michael Jackson's public memorial for a U.S. House resolution that "forever" honours the late pop star. Jackson Lee, a Texas Democrat, took the stage Tuesday at...
  2. M

    douche bag ward churchill gets nothing

    Full time, no doubt. Yes dipshit, it takes 10 years total to get a PhD in engineering, not that I should expect someone like you with your GED to understand that.
  3. M

    douche bag ward churchill gets nothing

    Perhaps that was what YOU did, but I've never known a Ph.D. student who partied all of the time, earned less than 10K a year for years while a student, all to live off the federal dole. I wasn't atlking about the strudents, I was talking about the professors. WTF are you talking about anyway?
  4. M

    Major macro shift taking place?

    It's hard to take a guy named testicle seriously.
  5. M

    douche bag ward churchill gets nothing

    I've taught at the university level for twenty years, and have NEVER seen or heard anything like that. that doesn't make it false. I was a undergrad/grad student for over 10 years. I think liberal arts degrees, outside math, are worthless. Lib arts professors live in an insulated...
  6. M

    Market Quatrains

    is your ying yang in ur anus?
  7. M

    German Factory Orders Rose +4,4 % - Most in Two Years in May

    remember that 4% of 0 is still 0
  8. M

    Former White Collar South Koreans, Now Jobless, Turn To Manual Labor & Job Begging

    yeah but... I just don't want to scrub Jack Hershey's back, nor do I want him giving me a bath
  9. M

    18% Unemployment prediction.

    better post sooner rather than later or it is off to shit chat
  10. M

    How does death impact your psychology?

    If people want to take better care of themselves, they make their health a priority and become pro-active with their health care, including going to a cardiologist and getting a "stress-test" on a treadmill. The test is 80% conclusive for blockages. and then you can clean out with then...
  11. M

    Black pride and Michael Jackson.

    You lost me at Oprah. Jordan and Woods are good at sports. Other than that, what makes them so special? Oprah can eat an entire cake by herself, with a side of fried chicken: http://coverawards.com/2009/06/24/news_oprah_winfrey_national_enquirer_31797/
  12. M

    My thoughts in Visiting America - From A Canadian Prespective

    Coors and Molson are the best of the above, I get both but slightly prefer coors. I used to drink all kinds of beer, but there's nothing like an icy cold coors on a hot day. Molson is better on a cold day. Pabst is undrinkable, Labatts doesn't go down well. There newbs, that's all the...
  13. M

    How CRA led to the Crisis

    Ratings and Li's algorithm are most likely connected. Ratings people sort of shrugged and went along because I don't think many people understood the damn thing.
  14. M

    Home-Price Declines in 20 U.S. Cities Eased in April

    There has been a noticeable abuse of terms and numbers lately. A smaller rate of decrease is now as good as an increase, and the use of percentages is decieving because percentages don't commute. In other words a 30% drop followed by a 30% gain does not get you back to the starting point, but...
  15. M

    How CRA led to the Crisis

    "Beware folks, the same type of thinking that gave us the CRA garbage is now in power full force. Obama is setting up mortgage crisis x 10 with his leftist/multiculturist/tear-down-mean-white-america agenda." Is pretty weak, not to say kind of ignorant. After all, I don't see anything "tear...
  16. M

    How CRA led to the Crisis

    The problem with the CRA defenses is that while I agree that you cannot find evidence in the later stages of the bubble, it's influence is all over the beginnings. Examine any bubble, the ending stages will not look like the beginning stages. It is only later that the frothy vultures take over...
  17. M

    The CRA and the same old liberal schtick.

    Given the giant US housing boom and bust, this thought experiment would have several obvious and inevitable outcomes from CRA forced lending: 1) Home sales in CRA communities would have led the national home market higher, with sales gains (as a percentage) increasing even more than the...
  18. M

    How CRA led to the Crisis

    Wave, The problem is that there are no causual models, all economics is basically done like this. Certainly correlation is not casuality, however that precludes assigning any cause to this. We are left with legal type explanations and not logical. The key question, which can never really...
  19. M

    How CRA led to the Crisis

    Exacerbating factors in subprime, also necessary...mostly 1. greenspan's easy money 2. Glass-steagall (unknown influence, well all are unknown quantitatively) 3. David Li's algorithm However CRA predates them all, fannie and freddie encouraged securitization before Li and Steagall...
  20. M

    How CRA led to the Crisis

    I don't know, I guess people just don't want to read too carefully. One cannot 'prove' something like this since economics is not the empirical science it claims to be, the challenge itself is bogus. The fact it would be like a courtroom trial shows this, and who the hell wants to go through...
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