Relevant and even prescient commentary on news, politics and the economy.

In Other News, Larry King is Selling Divorce Insurance

Many months ago, I quoted the brilliant Janet Tavakoli‘s book Credit Derivatives and Synthetic Structures: The trader then went on to tell me that Commercial Bank of Korea would sell credit default protection on bonds issued by the Commercial Bank of Korea.“That’s very interesting,” I countered, “but the credit default option is worthless.”“But people are […]

Examining The Damage to the NYC-area Economy

Being a seven-hour drive away, I don’t have as much direct knowledge of the NYC economy as I did a year or so ago. So I have to rely on Different Metrics. Here is one DrektheUninteresting (see #6) (of Scatterplot and Total Drek fame) will love, when he resurfaces. For those who want a contemporary […]

Correlation is not Causation, but

J. C. Bradbury notes that early-season weather and home runs hit, while it is noted in comments that the decline is primarily in the American League and some suggestions on developing a model are made. (No, I’m not turning this into a baseball blog. There are purposes to these posts. All will be revealed.)