Michael Lane  

@mlanetrain

Pricing | I like economics, basketball, data and Macclesfield Town 🏖️ Pro-chilling 🏖️ Brit in Australia.

Sydney
Vrijeme pridruživanja: lipanj 2018.

Tweetovi

Blokirali ste korisnika/cu @mlanetrain

Jeste li sigurni da želite vidjeti te tweetove? Time nećete deblokirati korisnika/cu @mlanetrain

  1. Politics aside, calling the Iowa victory before a single precinct has reported and betting markets had you at 20%, and then going on to win is a baller move. The political equivalent of running back on D before the shot goes in.

    Poništi
  2. proslijedio/la je Tweet
    4. velj

    I have an op-ed in the AFR on the lessons from the US experience with monetary policy for the RBA in the wake of yesterday’s official interest rate decision

    Poništi
  3. 4. velj

    The caucus process might seem strange to the rest of the world. But the US is a very successful country, so empirically it doesn’t not work.

    Poništi
  4. proslijedio/la je Tweet

    Very good thread on the perennial question "did economists predict the impact of Brexit accurately?"

    Poništi
  5. proslijedio/la je Tweet
    1. velj

    Amazing story from Paul Volcker's memoir . . .the 1971 Nixon shock was supposed to include US withdrawal from the 1965 auto pact with Canada. . . but a State Dept official tore off the last page of the press release mentioning it and it was forgotten!

    Poništi
  6. 30. sij
    Prikaži ovu nit
    Poništi
  7. 30. sij

    The best normie/urban infrastructure crossover since HS2 combined train enthusiasts and teen girls discussing Harry Styles’s second album.

    Prikaži ovu nit
    Poništi
  8. 28. sij

    Incidentally, there is a paper on this omission:

    Prikaži ovu nit
    Poništi
  9. 28. sij

    Given the amount of time spent on it: the cause of the Great Depression. Weeks of content and I don’t think the Federal Reserve was mentioned once.

    Prikaži ovu nit
    Poništi
  10. 26. sij

    Population control is even crazier as a solution when you consider that at the margin people WANT to live like New Yorkers. They’ll pay many times more to live in New York City.

    Prikaži ovu nit
    Poništi
  11. 26. sij

    It is literally insane that we can reduce the average American’s carbon emissions by 65% by getting them to live like New Yorkers, but intellectuals’s preferred solution is large scale population control.

    Prikaži ovu nit
    Poništi
  12. proslijedio/la je Tweet
    24. sij

    “Many years later, as he faced the firing squad, Colonel Aureliano Buendía was to remember that distant afternoon when his father took him to discover ice.”

    Poništi
  13. 22. sij

    Picking stocks successfully is unbelievably hard. Diversify as much as you can (across geographies and cap sizes), to minimise your chances of missing out on the ‘wealth creators’.

    Prikaži ovu nit
    Poništi
  14. 22. sij

    “We study compound returns to nearly 62,000 global common stocks during the 1990 to 2018 period ... we find that the top-performing 1.3% of firms account for the 44.7 trillion in global stock market wealth creation from 1990 to 2018.”

    Prikaži ovu nit
    Poništi
  15. 21. sij

    To assume rent as an input completely independent to the model (which the paper effectively does by tying it to income) is to ignore the mechanism through which supply constraints increase house prices. 4/4

    Prikaži ovu nit
    Poništi
  16. 21. sij

    We have not seen the price of durable goods like washing machines or TVs rise relative to incomes. This is because there are little supply constraints on these goods. 3/4

    Prikaži ovu nit
    Poništi
  17. 21. sij

    The paper assumes rents rise with incomes, which has been empirically true in the UK. But why are rents and incomes wedded? They vary widely across the US for example, both in terms of level and growth. 2/4

    Prikaži ovu nit
    Poništi
  18. 21. sij

    “We find the decline in the real risk-free rate can account for all of the rise in house prices relative to incomes.” To me the most dubious part of this paper is “relative to incomes”. 1/4

    Prikaži ovu nit
    Poništi
  19. 19. sij

    I can think of two: Chapter 13 - A Monetary History of the United States (Friedman and Schwartz) Chapter 3 - A History of England Vol. 1 (Macaulay)

    Prikaži ovu nit
    Poništi

Čini se da učitavanje traje već neko vrijeme.

Twitter je možda preopterećen ili ima kratkotrajnih poteškoća u radu. Pokušajte ponovno ili potražite dodatne informacije u odjeljku Status Twittera.

    Možda bi vam se svidjelo i ovo:

    ·