Goodhart, bigly reason China saves & exports so much is low retirement benefits compared to West.
Yep. Italy 170%, US 160%, France 140% of China entitlements as percent of GDP. And Xi refuses to increase entitlements.
Oxbridge prof, in AI a big question whether can train more efficiently, but to do would have to replace large models fundamental algo of gradient descent
That why peeps quit hyperscalers & formed startups trying other strategies
Bell Labs, programmer had a slow computer, wife took kid on vacation, and in 3 week, he built editor, assembler & operating system. By himself.
Some peeps are off the charts. Most not talented enuf to impress
Eichengreen, UK tariff shock, real wages up & real interest rates down
But UK did high tariffs on rival US and low tariffs on frens to keep production in UK & frens. As opposed to drama strategy
Theoretical physics prof, Every now and then have to reformat your brain. For me, the best way to do it is to something where if you don’t focus all your attention, you die
Econ advisor on Soviet asset sales, "There is no overcapacity in China. There is just great capacity, and that great capacity can be harnessed for the sake of the entire world."
Putin still angry about prices in Soviet auctions. And he has done something about it
Columbia, models struggle with jump risk
Cuz most finance bros & economists trained in physical sciences and the models assume participants not learning & have agency
Oxbridge professor, there is systematic failure at universities in evaluating student exams
All the serious professors been testing students in class, closed book, for years due to AI. Schools that cut costs by eliminating in class testing & canMt afford it will go bankrupt
Jamie to Economist, you gotta get out of echo chamber
Economist’s hero touted comparative advantage using example that depended on the Portugal having profits from slavery. While economist claims to be against slavery!!
Blanchard, raise inflation target to 4%
LOL. Surprise inflation is what helps erode debt to GDP. Increasing the target counterproductive cuz reduces surprise. Fed staff