[...] it, less rigorous approach. Indeed, the arrogance of economics is that it is the polar opposite of Science. It begins with a few basic assumptions, many of which are obviously untrue; many others are [...]
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
November 4th, 2009 at 12:41 am
I’m pretty sure that’s from xkcd.
http://xkcd.com/54/
November 4th, 2009 at 12:49 am
There’s a T-shirt for sale at http://store.xkcd.com/ with it.
The graph is of the cosmic microwave background radiation, which measurements of matched predictions and also helps confirm the Big Bang theory. See http://en.wikipedia.org/wiki/Cosmic_microwave_background_radiation
November 4th, 2009 at 1:15 am
Barry,
It’s an xkcd comic.
November 4th, 2009 at 4:48 am
Love XKCD!
Somebody pointed to this XKCD comic the other day about the Discovery channel:
http://xkcd.com/442/
And somehow, I found a link to someone who had animated and vocalized that comic. Pretty cool!
http://vimeo.com/7151435
November 4th, 2009 at 8:25 am
[...] it, less rigorous approach. Indeed, the arrogance of economics is that it is the polar opposite of Science. It begins with a few basic assumptions, many of which are obviously untrue; many others are [...]
November 10th, 2009 at 12:01 pm
[...] Science: It Works, Bitches (November 4th, 2009) http://www.ritholtz.com/blog/2009/11/science-it-works-bitches/ [...]