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truedelphi
truedelphi's Journal
truedelphi's Journal
May 4, 2013
http://www.nakedcapitalism.com/2013/05/why-are-people-with-health-insurance-going-bankrupt.html#comment-1236790
Some very ugly truths about what is coming in 2014:
http://www.nakedcapitalism.com/2013/05/why-are-people-with-health-insurance-going-bankrupt.html#comment-1236790
May 4, 2013
Funny to find out hat the Noted Economics Duo never even had their theory peer-reviewed!
And as Krugman noted last Monday, "Thomas Herndon, the graduate student who received the excel spread sheet after much persistence that Reinhart and Rogoff used to justify their pro-austerity theory, does not accept the viewpoint that the errors were minor:
" 'We showed that the negative correlation above 90 is not statistically significant. I dont see how that confirms their results. We challenged the claim that this (debt-to-GDP ratio of) 90% line exists for all time and space. Thats their claim, looking at two centuries and for all countries ever. But we show that the negative correlation that does existand thats not causation at allreduces the closer we get to the present time. If you look at the most recent time period of 2000 to 2009, growth in the over 90% category was actually higher than growth in the 60 to 90 category. That also is not at all consistent. One more thing that Id like to point outand these are points that I raised in a blog postingin their public response, they admit the spreadsheet error that was in Table 2 but then they point to Table 1 and they say the spreadsheet error is not in Table 1.' "
In any event if you are already mixing drinks for tomorrow's Derby, you can skip the heavy stuff and just go to the site with Colbert's comments (er jokes.)
And Happy Weekend.
Since it's Friday, let's review Steve Colberty's report on Austerity:
http://www.hulu.com/watch/482400?utm_content=4003003&PID=4003003&utm_source=cjlink&utm_campaign=cj-affiliate&AID=10947797&cmp=30&SHID=11k9hw083i4nf&partner=cj&utm_term=10947797Funny to find out hat the Noted Economics Duo never even had their theory peer-reviewed!
And as Krugman noted last Monday, "Thomas Herndon, the graduate student who received the excel spread sheet after much persistence that Reinhart and Rogoff used to justify their pro-austerity theory, does not accept the viewpoint that the errors were minor:
" 'We showed that the negative correlation above 90 is not statistically significant. I dont see how that confirms their results. We challenged the claim that this (debt-to-GDP ratio of) 90% line exists for all time and space. Thats their claim, looking at two centuries and for all countries ever. But we show that the negative correlation that does existand thats not causation at allreduces the closer we get to the present time. If you look at the most recent time period of 2000 to 2009, growth in the over 90% category was actually higher than growth in the 60 to 90 category. That also is not at all consistent. One more thing that Id like to point outand these are points that I raised in a blog postingin their public response, they admit the spreadsheet error that was in Table 2 but then they point to Table 1 and they say the spreadsheet error is not in Table 1.' "
In any event if you are already mixing drinks for tomorrow's Derby, you can skip the heavy stuff and just go to the site with Colbert's comments (er jokes.)
And Happy Weekend.
May 3, 2013
I'll Become Excited About Voting Democratic
Once this situation is reversed:
David Gorzynski is arrested and charged for felonies - his crime: carrying cardboard signs denouncing the banks.
(Citation: https://www.facebook.com/photo.php?fbid=646418122040575&set=a.277568168925574.91700.276404442375280&type=1&theater)
Meanwhile not a single one of the top bankers in this nation has faced criminal charges carrying
any significant weight.
And Geithner peacefully retired from his post as Secretary of The Treasury; he will go on and manage a huge financial firm, when he should have been charged years ago with RICO violations for the manipulation of the banking situation that he handled while he was heading New York Fed, Autumn 2008
Profile Information
Name: CarolGender: Do not display
Hometown: Northern California
Home country: USA
Current location: Office chair
Member since: Sun May 15, 2005, 02:28 PM
Number of posts: 32,324