Wednesday, 18 January 2017

2016 the hottest year ever

We know know 2016 was the hottest year ever.
See:

16 of the 17 most hottest years have occurred since 2001!

Tuesday, 17 January 2017

Ego trips to the grave

There is a really interesting article  called how-status-competition-killed-german-wwii-fighter-pilots.

The authors look at German fighter pilots in WW2 and their behaviour to how former colleagues got recognition.

As Mr Spock would have said fascinating

Monday, 16 January 2017

A humble suggestion to reform Politician's entitlements

In lieu of Sussan Ley resigning ( I'm told she added a s to her name for numerology reasons) the main item has been reform of their entitlements.

I have a humble suggestion. most of the allowances can be done away with.

Let me give a few examples.

When a politician comes to Canberra on sitting days they are entitlements to an allowance to being away from home. So let us say it is $200 a night. Thus this is why most politicians share accommodation. They get $200 a night but only pay say $50 a night. They are making money courtesy of the tax payer.
When they are on duty they get an allowance for staying somewhere in a hotel anywhere in Australia. Again let us say it is $200 a night. If they stay somewhere where it is cheaper than that they pocket the difference.

My humble suggestion is simply get the politician to send in the bill for what they paid and then the Department recompenses them. It occurs like this  in the private sector and it works.

Do it in the public sector!

Sunday, 15 January 2017

Sinclair Davidson caught out

When Donald Trump held a press conference what would you expect people to talk about?

Perhaps it was his colossal error on jobs?
Sinclair Davidson thought it was about CNN. 
Steve from Brisbane  was on the job exposing this fake news.

Even if Davidson missed this a person said this in comments.
"typically, Trump got it wrong. Like the JournL and virtually everyone rise CNN chose not to refer to the content of the document that is correctly described as unverified and salacious. The only media that published that material is buzzfeed.'

Has Davidson retracted his false implication? not on your nelly.

He is a disgrace!

Thursday, 12 January 2017

Around the Traps 13/1/17

It is time for Around the Traps again


Aussie, Aussie, Aussie, Oy,y,Oy,Oy
Northern America
Europe
Asia
Wonk
General
Climate
Andrew Gelman (mainly stats)
Genial Dave Giles (econometrics)
Vox wonk

Wednesday, 11 January 2017

US Housing Crisis

There has been a load of nonsense in certain 'conservative 'groups trying to attempt to pin the blame on the housing crisis on the US government principally the CRA. This bit of false news is very easily shown to be false.
In recent times  MARK THOMA  and CALCULATED RISK have gone into this.
As usual it is incorrect. I have read papers on this topic from every regional Federal Reserve and at least two from THE Federal Reserve itself which go into quite a lot of detail in investigating this using very sophisticated statistical techniques.
This is a furphy that the 'right' will never let go. It was fake news before fake news. Post truth days are far earlier than most think.

Tuesday, 10 January 2017

Advice for Trump

Former Deputy governor of the RBA Stephen Grenville has some advice of Trump.

Menzie Chinn examines what occurred when the last two Presidents had policies like trump espouses.

Janet Yellen is going to have her work cut out for her me thinks!