Maybe more about this at some point in the future. Consider it a RawShock Test, and feel free to describe what you see in comments.

Note: This is “what I believe I said,” not“what I would have said” and is presented here solely to document the confluences that were, perhaps, clearer in my head than they were in the presentation itself.  As such, several references here are echoes of earlier pieces of the presentation. (Links to same will be updated […]

Correlation is not causation, more research and testing is required, etc. I was working from the concept that home Internet service is a luxury item—or, at the very least, non-essential.*  In short, that you would tend to give up home Internet access if the choice is between that and staying current on your mortgage. Looking […]

So there are several comments to my previous post. Ignoring the a good one from Dr. DeLong, several people are taking umbrage at my unsubtle suggestion that the effect on employment being suggested is, to be polite about it, rather creative. kharris begins, “So let me see if I have this right. If anybody tries […]

So there was this big snowstorm that hit the East Coast a couple of weeks ago. (Not the one this weekend, that dumped about 2′ of snow on Upstate New York and a little more than a foot here in suburban New Jersey; the one that wiped out D.C. and gave the Party of No […]

A few years ago—probably four, though maybe more—I was doing some research at SIBL when the National Sport of Canada came on the television screens. It wasn’t that I stopped to watch; that loyalty had been previously established. It was that everyone else who was walking between the floors stopped and watched for at least […]

I have been a Bad Blogger this week. (As opposed to my usual practice, which seems to be described as Blogging Badly.) While I intend to continue the New Tradition (think of me as Waylon, without the speed), following are Snow Day Links: D-Squared was on fire on Wednesday: both Bank Lending Channel and The […]

Let us see if we can translate my previous post on job selection into an economic model.  Start with a basic formula: (1) AcceptOffer = a(1) + a(2)*w + a(3)*b + a(4)*oa + a(5)*t where a is a constant, w is wages, b is benefits, oa is “opportunity for advancement” and t is treatment received […]

Even more than Digby on CalPERS, the one piece everyone should read today is Charlie Stross on International Travel. Since this is an economics blog, let’s pull a key section: Here’s the rub: security is a state of mind, not a procedure. Procedures can’t cope with attackers, because they’re inflexible. If you search passengers for […]

NBER paper of the day: We analyze asset-backed commercial paper conduits which played a central role in the early phase of the financial crisis of 2007-09. We document that commercial banks set up conduits to securitize assets while insuring the newly securitized assets using credit guarantees. The credit guarantees were structured to reduce bank capital […]