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rjs
denizen of a rural NE Ohio swamp
unencumbered by education, affiliations, beliefs or agenda; im not advocating anything
Recent Activity
test 2
Toggle Commented Aug 18, 2016 on Note on Comments at Economist's View
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if i'm baking cookies, they're not "to impress or seduce"...they're to eat...
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notice the article suggests average but the key is that's the median...thus my sister and i live within that 18 miles, but my 2 brothers are both out of state...the average distance for my family thus is about 400 miles...
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i think we can definitively say that global warming is real, and that there are good reasons to believe that human activty is to blame (evidence the heat islands around cities)...i'd be more skeptical about the effects of greenhouse gases, because i have yet to encounter a decent description of how methane and CO2 molecules capture and hold energy, what part of the infrared radiation spectrum they absorb, and how that's different from other gases in the atmosphere...and i've asked a lot of people who should know...
Toggle Commented Aug 12, 2016 on Short pants at Environmental Economics
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so you don't flush, and as you're leaving you hear the guy in that stall tell the person on the other end of his conversation that some jerk just took a crap in the stall next to him and didn't flush it...
Toggle Commented Aug 9, 2016 on Potty humor at Environmental Economics
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there's been a lot of conflating real personal consumption expenditures as it's included in GDP with consumer spending in the manner of retail sales...for instance, at the WSJ economics blog, they wrote: "U.S. consumer spending rose 4.2% at a seasonally adjusted annual rate in the second quarter of the year" that's a misrepresentation. U.S. consumer spending grew at a 6.1% rate in current dollars in the 2nd quarter, but once the inflation adjustments were made with the 1.9% annualized increase in the PCE price index, real PCE, which represents the change in the quantity of goods and services provided to consumers, rose at 4.2% rate in the 2nd quarter... the change in GDP measures the change in quantity, not a change in dollars...
Toggle Commented Jul 30, 2016 on Links for 07-30-16 at Economist's View
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is there a lot of that going around? i had a friend write that her daughter had joined a flat earth cult....they don't believe in evolution or climate change, in addition to denying the round globe...
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Macroblog seems to chalk up the drop in the labor force participation rate to monthly flows of youth into and out of it as they pursue their education...i can't buy that; the LFPR is down year over year, obly 1.1 million workers have been added in that period, while those not in the labor force continues to hit new highs... http://www.bls.gov/news.release/empsit.a.htm (note the # of workers here are half the jobs added shown by the establishment survey)
Toggle Commented Jun 23, 2016 on Links for 06-23-16 at Economist's View
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someone should tell tim taylor that we dont need the history of the PPI, we need an explanation of how it's constructed in it's current form: http://www.bls.gov/news.release/ppi.nr0.htm everyone who writes about it still sticks to the old wholesale goods prices parts...i've yet to see a detailed explanation of the 4 stages of intermediate demand for services, much less monthly coverage of those metrics
Toggle Commented Jun 18, 2016 on Links for 06-18-16 at Economist's View
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i disagree with the premise of Bernstein's article...there is no need to raise taxes to accomplish what he wants (improve our infrastructure, push back on global warming, fight poverty and inequality, and improve health and retirement security)...since we're the issuer of dollars, all that can be accomplished by simply "printing" them...the only limiting factors are resouces and labor...
Toggle Commented Jun 14, 2016 on Links for 06-14-16 at Economist's View
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i sure wouldn't vote for either, but Hillary scares me more than the Donald dowa...
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its not meant to be rational...gut feelings never are...
Toggle Commented Jun 11, 2016 on Links for 06-11-16 at Economist's View
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im not arguing for Trump....this is the worst choice weve had in my lifetime (im 68)....just that im more scared of what Hillary might do, because she takes herself so seriously
Toggle Commented Jun 11, 2016 on Links for 06-11-16 at Economist's View
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Trump is all bullshit, and he will not act on anything he says to get elected...Trump will negotiate after making bombastic threats; Hillary is far more likely to get us into a serious war with the Russians or Chinese because of her personal sense of self-righteousness...
Toggle Commented Jun 11, 2016 on Links for 06-11-16 at Economist's View
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i wouldnt vote for either of them, but, yes, Hillary as president frightens me more than Donald does...
Toggle Commented Jun 11, 2016 on Links for 06-11-16 at Economist's View
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re Trump, Clinton on the environment - most of what Trump said to get the Republican nomination has little to do with what he really thinks...most of what's he's been saying has just been playing to the lowest common denominator of the republican base....for instance, Trump to Obama in 2009: “If We Fail to Act Now … There Will Be Catastrophic and Irreversible Consequences for Humanity and Our Planet” http://ecowatch.com/2016/06/09/trump-climate-action/ (full page ad in the NY Times signed by Trump and all of his adult children)
Toggle Commented Jun 11, 2016 on Links for 06-11-16 at Economist's View
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i can already hear the claims that out of state money is trying to influence the results...
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bullying doesn't work. witness: http://www.politico.com/magazine/story/2016/06/wall-street-2016-donald-trump-hillary-clinton-213931
Toggle Commented Jun 2, 2016 on Paul Krugman: Feel the Math at Economist's View
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it's clear that cholesterol levels are a symptom, not a cause...treating the symptom does not allieviate the underlying problem
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i am getting a "video may no longer exist or you dont have permission to view it" message...
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as i commented on the Econbrowser thread, i've long had some disagreements with some of the ways the Atlanta Fed comes up with their GDPNow estimates during the month...to start with, they incorporate the monthly results of the ISM surveys, unweighted diffusion indexes derived from samplings of subjective executive opinion....any correspondence those survey results have with the output of goods and services for the same month is pure chance...in addition, they always update their estimate of GDP on the day of the retail sales release, which tells us nothing about real personal consumption and hence output until we get the release of consumer price index several days later...moreover, they not only ignore the results of the CPI, they also don't incorporate any results from the PPI-FD release or the import-export price index into their estimates...components of the PPI are used to adjust construction, inventories, and other investment for changes in price to give us the real change in output...some months, change in prices is one of the largest factors in the change in GDP...for example, nominal inventories might be reported down 0.5%, but if corresponding producer prices for the same period were down 1.0%, that means real inventories were up 0.5%...someone at the Atlanta Fed need to sit down with the NIPA handbook and see how GDP is really computed...
Toggle Commented May 23, 2016 on Dueling Nowcasts at Economist's View
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though i have his blog on all my feedreaders, i've stopped reading Krugman altogether...but i note that he used to say "The Facts Have A Well-Known Left Wing Bias" and the headline shown above indicates he's moved to the right...
Toggle Commented May 10, 2016 on Links for 05-10-16 at Economist's View
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i've just stopped reading Krugman altogether since he became a full time shill...and i am, btw, subscribed to his posts thru my feedreader...
Toggle Commented Apr 2, 2016 on Links for 04-02-16 at Economist's View
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i wouldnt say hes the inventor; obviously hes been a promoter, but Randy Wray would tell you his thinking originates with the chartalists and Minsky, and i dont think Jamie Galbraith would include himself among Moslers followers, either...
Toggle Commented Mar 17, 2016 on 'MMT: Not so Modern' at Economist's View
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if you're talking about Warren Mosler, MMT was around the blogosphere long before he ran for Senate..
Toggle Commented Mar 17, 2016 on 'MMT: Not so Modern' at Economist's View
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