Posts filed under “Really, really bad calls”

THE TIGER (with apologies to William Blake)

A hedge fund manager in Tokyo sends this along:

>

Tiger, Tiger bonking bright
in the fleshpots of the night
what immortal eye or hand
could restore your tarnished brand?

On what porn star’s breasts and thighs,
burnt the fire of your eyes
on what course did your ball run
as you sunk a hole in one?

You always looked so squeaky clean
as you strode across  the green
what  a relief  for other  men
to know deep down you’re just like  them

All the endorsements down the drain
in what place was kept  your  brain
how deep the bunker, how long the grass
how costly all the tits and ass

Why did you keep your clubs so handy
why did you marry a fearsome scandie
at golf you’ll always be a winner
at cheating you’re a rank beginner

Tiger, Tiger bonking bright
in the fleshpots of the night
what immortal eye or hand
could restore your tarnished brand?

Category: Humor, Really, really bad calls

Volcker’s anti-Geithner, anti-Summers World Tour

“Bankers and regulators have not come anywhere close to responding with necessary vigor” to the worst economic crisis in 70 years. There is a lot of evidence that financial weaknesses brought us to the brink of a great depression . . . The proposed changes are like a dimple.” -Paul A. Volcker, Dec. 8. at…Read More

Category: Bailouts, Credit, Really, really bad calls, Regulation

The Folly Of Economic Forecasts

> Interesting discussion on one of my favorite subjects — The Folly Of Forecasts — on NPR with Chicago/Austrian economist Russ Roberts, now at George Mason University. click here for audio > Previously: Apprenticed Investor: The Folly of Forecasting Barry Ritholtz TheStreet.com, June 07, 2005 http://www.thestreet.com/story/10226887/apprenticed-investor-the-folly-of-forecasting.html Source: The Folly Of Economic Forecasts NPR, December 7,…Read More

Category: Analysts, Economy, Really, really bad calls

WSJ: Are Humans Responsible for Climate Change?

Wow, the results of this WSJ poll was surprising: > chart courtesy of WSJ > And they teed up the poll with this description: This decade is on track to become the warmest since records began in 1850, and 2009 could rank among the top-five warmest years, the U.N. weather agency reported on the second…Read More

Category: Really, really bad calls, UnScience

Michael Boskin on “The Obama Crash”

They never seem to learn, do they? The idealogues who use the ups and downs of markets to critique political figures. These, rigid, rabid partisans care not the least about your investing dollars; rather, the hardcore political junkies are more than happy to lose you money, so long as they can score political blood in…Read More

Category: Politics, Really, really bad calls

We Don’t Know How Black Friday Sales Were Yet

Today, the WSJ ran this patently incorrect headline (which many TV stations dutifully (mis)reported: Black Friday Spending Rose Slightly Preliminary sales data showed shoppers spent $10.66 billion on Black Friday. That’s 0.5% more than last year. The figures were compiled by ShopperTrak RCT Corp., a Chicago research firm that tracks sales at more than 50,000…Read More

Category: Consumer Spending, Data Analysis, Really, really bad calls

Fox News (Chicago) Makes the Best. Pie Chart. Ever.

Fair & Balanced? Not exactly. Mathematically competent? Not one tiny bit. > Hat tip Flowing Data ~~~ Update: Here is the Video (Nov 23)

Category: Financial Press, Mathematics, Politics, Really, really bad calls, Television

Site of the Day: Innumeracy.com

> Some good learnin’ here: This web site stems from a personal interest in critical thinking and is a collection of links to articles and sites pertaining to numeracy and critical thinking. Links should be good for at least the date posted. After the posting date, link reliability depends on the policy of the linked…Read More

Category: Mathematics, Really, really bad calls

Gramm: Glass Steagall Repeal Irrelevant

Phil Gramm, the former Republican Senator from Texas who co-wrote the act that undid Glass-Steagall, has our DQotD: > “I’ve never seen any evidence to substantiate any claim that this current financial crisis had anything to do with Gramm-Leach-Bliley. In fact, you couldn’t have had the assisted takeovers you had. More institutions would have failed.”…Read More

Category: Bailouts, Really, really bad calls, Regulation

Volcker: Accounting Panel Needs to be Independent

Why aren’t we listening more to this font of common sense and logic? “A proposal to give banking regulators authority to block accounting standards is “a terrible idea,” Paul A. Volcker, a former chairman of the Federal Reserve Board, said Monday. Mr. Volcker has been an outspoken critic of “mark to market” accounting that forced…Read More

Category: Bailouts, Really, really bad calls, Regulation