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
Clayton led SEC Highlighting Importance of Transparency Label Initiative
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To no one’s surprise, the latest member of the Opacity Protection Team to be appointed chairman of the SEC is looking to... Read More
PhD Economist Derp: Didn’t See Crisis Coming, But Listen to Us on How to Fix
In late 2008, the Queen of England asked why the Economics profession didn’t see the financial crisis coming. Since then PhD Economist... Read More
PhD Economist Derp: Macro-Prudential Regulation
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Macro-Prudential regulation is the regulatory embodiment of PhD Economist Derp. The ECB offers a quick guide into what it is and what... Read More
PhD Economist Derp: Safe Assets
Safe assets represents yet another area of massive PhD Economist Derp. As the ECB said in its review of the literature on... Read More
PhD Economist Derp: What is it?
Nobel prize winning Economist Paul Krugman explains what is a sure sign of when a PhD Economist is being a “derp”: OK, so... Read More
PhD Economist Derp: Informationally-Insensitive Debt
Nobel prize winning Economist Paul Krugman explains what is a sure sign of when a PhD Economist is being a “derp”: OK, so... Read More
The “We Prevented a 2nd Great Depression” Lie has Proven Very Costly
As the billionaire boys gather at Davos, it is time to reflect on how costly the lie the policy responses to the... Read More
The Economist Shines a Bright Light on GE’s Opacity
If your were a subscriber to the Transparency Label Initiative, you would know GE doesn’t qualify for a label indicating it provides... Read More
Global Financial System Still Not Fixed
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A decade after the opacity driven Great Financial Crisis began, the only significant theoretical insight into opacity has been the Information Matrix... Read More