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Cold Economics

Monday, March 9, 2009. In a recent article on valuation models of mortgage-backed securities, Felix Salmon indicates that the misuse of one particular statistical tool - the Gaussian copula function - explains the failure of Wall Street to dinstinguish measurable risk from unmeasurable uncertainty in the behavior of the mortgage market:. Michael Lewis points to a similar flaw in mortgage-backed securities valuation models employed by the rating agencies, detected by the savy investor Steve Eisman:. S&P&#...

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Cold Economics | coldeconomics.blogspot.com Reviews
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Monday, March 9, 2009. In a recent article on valuation models of mortgage-backed securities, Felix Salmon indicates that the misuse of one particular statistical tool - the Gaussian copula function - explains the failure of Wall Street to dinstinguish measurable risk from unmeasurable uncertainty in the behavior of the mortgage market:. Michael Lewis points to a similar flaw in mortgage-backed securities valuation models employed by the rating agencies, detected by the savy investor Steve Eisman:. S&P&#...
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Cold Economics | coldeconomics.blogspot.com Reviews

https://coldeconomics.blogspot.com

Monday, March 9, 2009. In a recent article on valuation models of mortgage-backed securities, Felix Salmon indicates that the misuse of one particular statistical tool - the Gaussian copula function - explains the failure of Wall Street to dinstinguish measurable risk from unmeasurable uncertainty in the behavior of the mortgage market:. Michael Lewis points to a similar flaw in mortgage-backed securities valuation models employed by the rating agencies, detected by the savy investor Steve Eisman:. S&P&#...

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coldeconomics.blogspot.com coldeconomics.blogspot.com
1

Cold Economics: January 2009

http://coldeconomics.blogspot.com/2009_01_01_archive.html

Thursday, January 15, 2009. A Note on Random Sampling. Goethe described the late 18 th. Century as "our statistically-minded times" in his Italian Journey. Century - which reveals an early and crude intuition for modern concepts such as random sampling, hypothesis testing and critical regions. The Royal Mint in Britain was established around the time of the Magna. Correctly acknowledges in his Statistics on the Table. However, the lack of statistical knowledge reduced the probability of Type I errors.

2

Cold Economics: The Forbidden Tree of Knowledge

http://coldeconomics.blogspot.com/2008/12/forbidden-tree-of-knowledge.html

Monday, December 15, 2008. The Forbidden Tree of Knowledge. Bloomberg LP filed suit against the Federal Reserve Board of Governors in November after the Federal Reserve refused to comply with a request to disclose (1) the recipients of the loans awarded through the new lending programs and (2) the quantity and quality of the assets received as collateral ( Bloomberg. According to a guide to the FOIA provided by a Government Library: “information is confidential. So far, the Federal Reserve, the Treasury ...

3

Cold Economics: Unclear Waters

http://coldeconomics.blogspot.com/2009/03/unclear-waters.html

Monday, March 9, 2009. In a recent article on valuation models of mortgage-backed securities, Felix Salmon indicates that the misuse of one particular statistical tool - the Gaussian copula function - explains the failure of Wall Street to dinstinguish measurable risk from unmeasurable uncertainty in the behavior of the mortgage market:. Michael Lewis points to a similar flaw in mortgage-backed securities valuation models employed by the rating agencies, detected by the savy investor Steve Eisman:. S&P&#...

4

Cold Economics: Credit is a Good Servant but a Bad Master

http://coldeconomics.blogspot.com/2008/12/fire-is-good-servant-but-bad-master.html

Sunday, December 21, 2008. Credit is a Good Servant but a Bad Master. A portrayal of the present condition of most eastern European economies can be summed-up in the following way: significant capital outflows, large current account deficits, domestic currency depressions, unsustainable levels of public and private debt and growing political unrest. Three study-cases I would specifically like to touch are. Two months ago, concerns that. Is now facing a severe property crash, lagging growth and a current-...

5

Cold Economics: Historia Magistra Vitae Est

http://coldeconomics.blogspot.com/2009/02/historia-magistra-vitae-est.html

Friday, February 13, 2009. Historia Magistra Vitae Est. The crisis management measures. 160;implemented since August 2007 display interesting similarities with the government intervention in the financial system during the two World Wars (. Jan 2009), but the direction of the policy going forward raises the question whether . Not surprisingly, after Mr. While I think President Obama has been doing his best to keep the worst protectionist impulses in Congress out of his stimulus plan, the U.S&#46...160;mo...

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Cold Economics

Monday, March 9, 2009. In a recent article on valuation models of mortgage-backed securities, Felix Salmon indicates that the misuse of one particular statistical tool - the Gaussian copula function - explains the failure of Wall Street to dinstinguish measurable risk from unmeasurable uncertainty in the behavior of the mortgage market:. Michael Lewis points to a similar flaw in mortgage-backed securities valuation models employed by the rating agencies, detected by the savy investor Steve Eisman:. S&P&#...

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