Kaustubh Sule

Top 5 Easy-to-Track Economic Indicators for Today's Economy 1. ISM Services PMI (Purchasing Managers' Index) • Released monthly by the Institute for Supply Management • Accessible via financial news sites, the ISM website, or FRED (Federal Reserve Economic Data) • Readings above 50 indicate expansion in the services sector, which now dominates the

While the case for long-term investment has tended to centre around simple mathematical advantages such as reduced (frictional) costs and fewer decisions leading (hopefully) to fewer mistakes, the real advantage to this approach, in our opinion, comes from asking more valuable questions.

First, he’s threatening broad tariffs on most or all Chinese goods, instead of tariffs targeted at specific, military useful goods. In a post two weeks ago, I explained why broad tariffs are of limited effectiveness:

Broad tariffs cause bigger exchange rate movements , which cancel out more of the effect of the tariffs. Putting tariffs on Chinese-ma

They had simply translated their own grades onto the scale used in officer school, applying intensity matching. Once again, the failure to address the (considerable) uncertainty of their predictions had led them to predictions that were completely nonregressive.

If you learn first how to be selective accurately, in order to accomplish precisely what it is you want to accomplish, you will be able to limit the damage that System Watson can do by preemptively teaching it to not muck it up. The important thing is the proper, selective training—the presence of mind—coupled with the desire and the motivation to

Reading Keynes with his new understanding that Keynes, like himself, was always looking at the world through the lens of banking—the “Wall Street” or “City” view–led Minsky to formulate what he called his “two-price theory of investment”. Contra the quantity theory of money, monetary conditions do not drive the price of output; but they do drive th

Ergodic systems, in other words, exhibit a particularly safe and comforting sort of statistical regularity.

The nine hundred breweries in China are partly the result of this provincial rivalry – indeed, in some parts of the country beer is cheaper than water.

In conventional discounted cash flow valuation models, we use higher discount rates on riskier cash flows and lower discount rates on safer cash flows.