Sunday, October 22, 2017
Some Sunday reading
Still recovering from a cold, and I also have a lot of work to do over the next while.
But here's a bit of reading for you:
Jared Bernstein - a must-listen podcast from steel country. You can call all Trump voters racist and sexist, or you can listen to them and see what explanation they have for switching support from Obama in 2012 to Trump in 2016 - which some of them must have done, since Trump carried more states than Obama did, and it's not like retired angry old men have been outbreeding the general population.
FT Alphaville - eight centuries of the risk-free rate. Seems like, secularly, there really is a demographic push downward in rates, modified at times with spikes as the world switches from benchmarking one country to benchmarking another. Then again, that might just be how they set the chart up.
Noah Smith - the Taylor Rule is not what the Fed needs. Especially since Taylor isn't even trying to use his own rule like a grownup - he's just arbitrarily using 50% coefficients. That shows he's not even trying to be methodical or empirical: And if he doesn't know how to do that he has no fucking place on the Fed committee.
Bloomberg - psychopath hedge fund managers make less money than nice guys. Out of curiosity, what does that suggest about newsletter writers who underperform the S&P 500 year after year?
Daily Beast - on women's health, Trump is even dumber than we thought. Yes, apparently he's going to ban all birth control now? Or is he going to leave condoms legal?