Not Trampis

Tuesday, 14 January 2014

The Budget

The Kouk looks at what we oldies used to know as the Niemeyer statement and finds the-budget-deficit-remains-well-contained.
Indeed there has been a slight improvement since PEFO.

Thus either Messrs Hockey and Cormann do not understand their jobs and are ignorant or they do and they are liars.This is widely known as the Catallaxy 'defence'

Thursday, 9 January 2014

Around the Traps 11/1/14

It is time for Around the Traps.
I will update Saturday and Sunday

Aussie,Aussie,Aussie,Oy,Oy,Oy

Matt Cowgill demolishes john black
The Kouk calls for rates to rise
Kevin Bonham on 2013-ehrlich-award-for-wrong-predictions, wrong-in-both-directions-richo-on-Labour's-chances
Mumble on forget_the_required_swing
The Piping Shrike on the-year-australian-politics-imploded sorry its late

Northern America

Jared Bernstein on more-on-summers-taylor-and-secular-stagnation
Jason Furman on Obamacare is slowing healthcare inflation Thanks Mark
Mark Thoma gives us Tim Duy on fed-watch-how-divided-is-the-fed, fed-watch-fomc-minutes-the-quick-review,fed-watch-next-up-employment-report
Menzie Chinn on macro_implications_of_extending_emergency_unemployment_compensation, progress_in_rebalancing, some_of_thoughts_on_the_December_employment_report
Mike Konzal on rortybombs-best-2013
Lord Keynes on us-federal-government-spending-as-a-%-of-GDP
David Beckworth on the-real-scandal-at-the-federal-reserve
Brad De Long demolishing Robert Rubin
Calculated Risk on public-and-private-sector-payroll-jobs-under-various -presidentsl

Europe

Chris Dillow on on-forecast-based-policy
Simon wren-Lewis on will-mpc-raise-uk-interest-rates-in-2014

Asia
nuttin

Wonk

Noah Smith on of-brains-and-balls-nassim-talebs-macro-bets
John Aziz on nassim-taleb-used-to-be-my-hero-but-today-hes-just-plain-wrong, on_risk
Simon Wren-Lewis on monetary-versus-fiscal-odd-debate
Mark Thoma on how-to-tell-if-fiscal-policy-works
David Glasner on james-grant-on-irving-fisher-and-the-great-depression , macroeconomic-science-and-meaningful-theorems
Edward Lambert on a-study-of-financial-repression-part-1-a-basic-model, a-study-of-financial-repression-part-2-in-the-us, a-study-of-financial-repression-part-3-how-does-it-manifest, a-study-of-financial-repression-part-4-potential-problems
Noah Smith on bad-event-studies, the-most-damning-critique-of-dsge
Nick Rowe on monetary-policy-fiscal-policy-the-target-and-the-size-of-the-central-bank

General

Dan Monaco on Peter Temin on Economic crises Thanks Mark
Noah Smith on heroes-of-blogging Noah's heroes no-one elses!
Tim Harford on casinos-worrying-knack-for-consumer-manipulation
Mark the Graph on pandas-dataframe-cheat-sheet-and-python
Chris Dillow on lily-allen-decision-theory, tories-&-the-minimum-wage

Climate

Roger Jones on bom-2013-climate-quick-summary, bom-annual-climate-2013-swwa-sst
Real Climate on a-bit-more-sensitive
Gareth Renowden on its-hot-down-here-2013-was-the-new-zealand-regions-2nd-warmest-year
Rick Pilz on abrupt-impacts-of-climate-change
Brad De Long on afternoon-must-read-global-warming-reality-check
William Connelly on the-spirit-of-mawson, cooling-one-we-missed-petersen-and-larsen-1978
Brad Plumer on can-global-warming-be-real-if-its-cold-in-the-u-s-um-yes Thanks Steve from Brisbane

Andrew Gelman ( Stats Guru)

Dave Giles A genial econometric genius)

Dianne Coyle ( quirky + Book Reviews)

enlightenment-values, uses-of-declinism, charles-dickens-on-economics, shipping-and-statistics

Voxwonk

Wednesday, 8 January 2014

Monetary policy versus Fiscal Policy.

Simon Wren-Lewis is mystified why some people wish to downgrade the usefulness of fiscal policy when there is a liquidity trap.
Mark Thoma shows how-to-tell-if-fiscal-policy-works. Brad De Long hops in as well.

Given all the evidence of how potent fiscal policy is ( see the IMF but also Adam Posen on Japan both of which have been highlighted here) I can think of only two reasons.
The person saying this is stark raving mad like Katesy or they are simply playing politics.

Tuesday, 7 January 2014

The Hobbitt

I saw the second film in the Hobbitt series last night with my two boys.

It is highly enjoyable and action packed. Thus like the first film it is completely different to the book.

However as with the first film that is why it is enjoyable.

Dr John Watson is really good as Bilbo.

Recommended to see!

Sunday, 5 January 2014

The best article on Global Warming of last year

Real Climate is a great blog and near the end of the year produced an excellent article on global warming. On whether it had stopped, what the reasons affecting it were, looking at the future et al.

It was in Around the Traps but if you missed it then you can read it here.

It is a New Years present.

Thursday, 2 January 2014

Around the Traps 3/1/14 New Years edition

It is time for the First Around the Traps in 2014.

The Kouk,Matt Cowgill and Nick rowe obviously didn't do a lot of celebrating!!

I will update over the Weekend!

Aussie,Aussie,Aussie,oy,Oy,Oy

Harry Clarke on maurice-newman-foolish-commentary, too-much-finance, negative-gearing
The Kouk on mathias-cormann-bells-the-cat-on-the-budget, mathias-cormann-ignores-economics-for-the-sake-of-politics, poor-white-trash-becomes-national-treasure
Matt Cowgill on blocking-housing-development-comes-at-a-cost, the-most-important-graphs-of-2013-part-3
John Quiggin on austerity-in-australia-1980s-style
Mark the Graph on growth-in-those-persons-not-in-labour
Mumble on gender_gap_outlasts_gillard
the Last Test of the Ashes. Tony and the boys discuss

Northern America

Econospeak on the-jobless-situation-getting-better
Lord Keynes on us-unemployment-in-1890s-who-is-right
Edward Lambert on fed-is-behind-the-curve
Mark Thoma gives us Tim Duy on fed-watch-what-comes-after-the-evans-rule
Kruggers on bodyguard-of-zombies-counterattack-by-cockroaches, in-praise-of-art-laffer
Livio Di Matteo on when-will-low-interest-rates-end
Menzie Chinn on the_year_in_review, is_the_us_economy_really_about_to_go_boom
James Hamilton on a_lack_of_ethics
Carola Binder on tale-of-two-housing-markets

Europe

Simon Wren-Lewis on economics-and-immigration-debate,on-city-economists-and-ft-survey, economic-standards, cutting-public-investment-has-conequences
Jonathon Portes on marking-myself-market-my-predictions-2013-revisited
Chris Dillow on lucky-osborne,the-outcome-bias,truth-vs-power

Asia
~~nuttin, still celebrating~~

Noah Smith on quartz-article-is-china-going-to-be-1

Wonk

Econospeak on macro-stuff-from-aan-adas-dinosaur
Edward Lambert on says-law-fairy-build-it-and-they-will-come
Nick Rowe on banks-with-100-capital-ratios, backedcoin-vs-unbackedcoin, nominal-loss-aversion-and-its-consequences
Menzie Chinn on for_a_few_dollars_more
David Glasner on the-microfoundations-wars-continue

General

John Quiggin on can-there-be-a-sane-honest-rightwinger answer proabably not!
Kruggers on 266-and-all-that
Chris Dillow on respect
Don Arthur on did-hayek-support-a-basic-income-guarantee
Mark Thoma on taylor-v-summers-on-secular-stagnation

Climate

Rabette run on where-has-all-sea-ice-gone
Tamino on smooth, smooth-1 ( mainly Stats)
Brian Banisch on climate-clippings
Stormy on four-degrees-warming-by-2100
Scientific American on us-maps-route-to-reduce-global-warming-pollution
Harry Clarke on warming-telling-lies
Rojer Jones on letter-to-smh-the-age-eds

Andrew Gelman(Statistics)

bill-gatess-favorite-graph-of-the-year
though-may-unaware-newlyweds-implicitly-know-whether-marriage-will-satisfying
2013 This is huge. a big thanks to Andrew for those who like to update their expertise
booze-been-there-done-that
dogs-sensitive-small-variations-earths-magnetic-field

Dave Giles (Econometrics)

Dianne Coyle (Quirky and Book reviews)

challenge-doing-whats-obvious, books-to-look-forward-to-in-2014, economics-books-in-2014-continued, science-fiction-economics
Stephen Kinsella on christmas-economics-books