cricket betting betway blog banner small
Page 2 of 16 FirstFirst 123412 ... LastLast
Results 16 to 30 of 226
Like Tree48Likes

Thread: The Economics Thread

  1. #16
    Request Your Custom Title Now! Flem274*'s Avatar
    Join Date
    Apr 2007
    Location
    I fall asleep to Neil Wagner's roars
    Posts
    37,828
    I only understood/finished/started reading uppercut and dermos posts

    i need to watch the crash course economics videos on youtube to refresh all that high school i slept through.
    Proudly supporting Central Districts
    RIP Craig Walsh

  2. #17
    Global Moderator harsh.ag's Avatar
    Join Date
    Jun 2012
    Location
    India
    Posts
    15,614
    A very useful Mishel-Bivens infographic from their work on the productivity-pay gap:

    RossTaylorsBox likes this.
    ~ Do you think I care for you so little that betraying me would make a difference ~

  3. #18
    Request Your Custom Title Now! Top_Cat's Avatar
    Join Date
    Feb 2002
    Location
    Marburg, Germany
    Posts
    26,477
    Economics; the pseudoscience of predicting with inflated confidence what happened last year.

    EDIT: Wrong thread.

  4. #19
    Global Moderator harsh.ag's Avatar
    Join Date
    Jun 2012
    Location
    India
    Posts
    15,614
    Quote Originally Posted by Top_Cat View Post
    Economics; the pseudoscience of predicting with inflated confidence what happened last year.
    In its defense, accurately describing the past isn't as easy as all get out. Especially not as easy as historians would have you believe
    indiaholic likes this.


  5. #20
    Global Moderator Prince EWS's Avatar
    Join Date
    Jul 2003
    Location
    Cribbertopia
    Posts
    54,446
    Quote Originally Posted by dermo View Post
    i keenly await pews' clash with the rest of cricketweb.net/forum over this topic
    Rancid bait is rancid.
    Rejecting 'analysis by checklist' and 'skill absolutism' since Dec '09
    'Stats' is not a synonym for 'Career Test Averages'


    Quote Originally Posted by Jeffrey Tucker
    People go into politics to change the world. That's a bad idea. The only good reason to go into politics is to sweep government away so that the world can change itself.
    Quote Originally Posted by harsh.ag View Post
    Remember kids, only punch Nazis when they steal your bell
    Quote Originally Posted by Babar Hayat
    Chinese guy comes in

  6. #21
    Request Your Custom Title Now! Uppercut's Avatar
    Tournaments Won: 1
    Join Date
    Jul 2008
    Location
    .
    Posts
    28,323
    Quote Originally Posted by Top_Cat View Post
    Economics; the pseudoscience of predicting with inflated confidence what happened last year.
    Quote Originally Posted by harsh.ag View Post
    In its defense, accurately describing the past isn't as easy as all get out. Especially not as easy as historians would have you believe

  7. #22
    Global Moderator harsh.ag's Avatar
    Join Date
    Jun 2012
    Location
    India
    Posts
    15,614
    The infographic posted above tries to explain the phenomenon where median wage growth has been significantly lagging behind productivity growth. Ideally, you would have wage growth mirror the rise in productivity.

    The three factors mentioned above are broken down here:


  8. #23
    International Regular ohnoitsyou's Avatar
    Join Date
    Nov 2012
    Location
    #63NotOut
    Posts
    3,052
    Quote Originally Posted by Top_Cat View Post
    Economics; the pseudoscience of predicting with inflated confidence what happened last year.

    EDIT: Wrong thread.
    More like the pseudoscience of predicting with inflated confidence other peoples predictions made with inflated confidence.

  9. #24
    Cricketer Of The Year ankitj's Avatar
    Join Date
    Jul 2010
    Location
    India
    Posts
    9,792
    Quote Originally Posted by Flem274* View Post
    I only understood/finished/started reading uppercut and dermos posts

    i need to watch the crash course economics videos on youtube to refresh all that high school i slept through.
    Once all the esoteric discussion on macroeconomics theory dies down, I will ask simpler questions. Like did Fed do the right thing by not raising rates and did RBI in India do the right but cutting them.
    Last edited by ankitj; 02-10-2015 at 10:17 AM.
    RIP Phil Hughes. Forever 63*

  10. #25
    Global Moderator harsh.ag's Avatar
    Join Date
    Jun 2012
    Location
    India
    Posts
    15,614
    Quote Originally Posted by ankitj View Post
    Once all the esoteric discussion on macroeconomics theory dies down, I will ask simpler questions. Like did Fed do the right thing by not raising rates and did RBI in India do the right but cutting them.
    Well, that's really what the esoteric discussion was about tbf

    Fed did the right thing. There isn't any upside to raising too early. That's because -

    a) Inflation is 1.8% (for the month ended August). Still below Fed's target of 2%. Until you actually see inflation pushing past 2%, there is very little upside to raising rates.
    b) Even though unemployment rates have come down to around 5.5%, which is very good news, the labor force participation rate hasn't shown a comparative uptick. Which means that people who were discouraged from looking for employment after the recession haven't yet come back.

    I personally believe there is still a good time to go before they should raise. But I think they will raise sooner.

    India's inflation rate (consumer price index), on average, has come down to 3.6%. The wholesale price index, although not the primary indicator, has been negative for a long time now, the latest being -4.9%. It points towards lower prices being passed on to consumers in the future (hopefully). Lowering rates is a perfectly good policy at this stage.
    Last edited by harsh.ag; 02-10-2015 at 11:33 AM.

  11. #26
    Global Moderator harsh.ag's Avatar
    Join Date
    Jun 2012
    Location
    India
    Posts
    15,614
    Here is the labor force participation rate I was talking about:


  12. #27

  13. #28
    International Regular ohnoitsyou's Avatar
    Join Date
    Nov 2012
    Location
    #63NotOut
    Posts
    3,052
    The smartest economist you?ve never heard of - The Washington Post

    A great article on how the IMF has been reformed over the last 10 years. One of the key points made was that prior to 08 even the New-Keynesian's leaned too much on rational expectations.

  14. #29
    Global Moderator harsh.ag's Avatar
    Join Date
    Jun 2012
    Location
    India
    Posts
    15,614
    Have no idea how Blanchard is someone you are not supposed to have heard of!

  15. #30
    International Coach wellAlbidarned's Avatar
    Join Date
    Jan 2011
    Location
    the line
    Posts
    10,114
    Quote Originally Posted by harsh.ag View Post
    Have no idea how Blanchard is someone you are not supposed to have heard of!
    any economist is someone most people have never heard of so it's kinda redundant
    Dan, Furball and ankitj like this.
    Quote Originally Posted by Jimmy Neesham
    Root always sets up the innings well. It's nice having BJ down the order to finish the innings off.
    Exit pursuing a beer

Page 2 of 16 FirstFirst 123412 ... LastLast


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. A.F.L. Thread III - Why did PEWS shut our thread?
    By Spikey in forum General Sports Forum
    Replies: 22
    Last Post: 26-09-2015, 06:47 PM
  2. Replies: 7
    Last Post: 22-04-2014, 06:03 AM
  3. Replies: 7
    Last Post: 30-04-2013, 02:49 PM
  4. For Economics Majors
    By Hurricane in forum Off Topic
    Replies: 32
    Last Post: 13-11-2012, 09:32 PM
  5. Replies: 3
    Last Post: 19-05-2007, 05:03 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •