PhD Economist Derp: Macro Prudential Works in Practice
Macro prudential regulation is bad in theory and even worse in practice. In theory, financial regulators are suppose to scan the financial... Read More
PhD Economist Derp: 2008 Crisis Result of Flawed Financial Plumbing
According to PhD Economists at the University of Chicago Booth School of Business, The storm that rocked the world economy in 2008... Read More
PhD Economist Derp: Exogenous Shocks
In the world of PhD Economists, it is sudden exogenous “shocks” that cause a financial crisis. What does this mean? To find... Read More
PhD Economist Derp: Financial-Storm Forecaster
Perhaps the peak of PhD Economist Derp occurred when several Nobel prize winning Economists publicly calling for the creation of the Office... Read More
William White: Still Need to Deal with Bad Debt
In his Financial Times editorial, William White urges we prepare for the next financial crisis now. For those of you who don’t... Read More
PhD Economist Derp: Economics is a Science
PhD Economists like to say Economics is closer to being a natural science then any of the other social sciences. Frequently, they... Read More
PhD Economist Derp: Assume Transparency Exists
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Yesterday, I wrote about a 1926 Atlantic Magazine article written by William Z. Ripley. This article, Stop, Look, Listen! The Shareholders’ Right to... Read More
Shareholders’ Right to Adequate Information Redux
The need for transparency so investors can know what they own is an idea that has withstood the test of time. It... Read More
Opacity Protection Team Member: UK’s Financial Conduct Authority
During the acute phase of the Great Financial Crisis, I coined the term Opacity Protection Team to describe all of the market... Read More
Storytelling and the Information Matrix
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Everyone likes a good story. It is so ingrained in who we are. When we talk to each other, we tend to... Read More
PhD Economist Derp: Are Banks Opaque? No!
PhD Economists at the BIS set off to find out if banks are opaque (hint: the BoE’s Andy Haldane referred to them in... Read More
PhD Economist Derp: Not Just Another Opinion
Simon Wren-Lewis rolled out another defense of the indefensible. This time arguing an Economist’s opinion about the economy is more valuable than... Read More
Information Matrix and Brevan Howard Centre Research Agenda
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Recently, I stumbled across the research agenda for the Imperial College London’s Brevan Howard Centre for Financial Analysis. The Lion’s Share of... Read More
PhD Economist Derp: Shadow Banking is a Creature of the Night
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Since the acute phase of the Great Financial Crisis began in September 2008, there has been an explosion of articles by PhD... Read More
PhD Economist Derp: The Pretense of Knowledge
PhD Economist Derp knows no limits when their self-proclaimed expertise in markets is challenged. Harvard professor Dani Rodrik suggests ten commandments for... Read More