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The author is a professor of economics at what is apparently the oldest business school in Europe, and is apparently also one of the most prestigious business s

by Niksko 8y ago

The author is a professor of economics at what is apparently the oldest business school in Europe, and is apparently also one of the most prestigious business schools in France. Despite this, you have concluded that in fact the author has failed to understand the nuance of the situation rather than yourself.

King-Aaron 8y ago
> Despite this, you have concluded that in fact the author has failed to understand the nuance of the situation rather than yourself. And thus, illustrates the current state of affairs on HN.
- cinquemb 8y ago
  Wake me up when BNP or DB tap this author on the shoulder to help manage their derivatives book.
- close04 8y ago
  That would be the state in which everyone thinks an internet connection and an audience makes them an expert?
deleted 8y ago
[deleted]
voodootrucker 8y ago
The grandparent included arguments relevant to the debate. The above comment is merely an appeal to authority. If there are facts that support it, I would love to see them posted here, so as to forward the discussion.
Lazare 8y ago
> you have concluded that in fact the author has failed to understand the nuance of the situation rather than yourself. By no means; I'm sure the author is being purposefully misleading; I highly doubt it was mere accident. :) In any case, your blatant appeal to authority is not needed; the linked article was kind enough to provide sources, and it's the work of a moment to check them. "Overall gross external (or foreign) debt is taken from the latest 2011 World Bank/IMF figures and includes all debt owed overseas, including that owed by governments, monetary authorities, banks and companies." Man, I guess just because you work for a prestigious business school you might not be above making a misleading graph to advance a political argument! Who knew?
- raverbashing 8y ago
  > The diagrams above show the before and after situation, based on analysis done by students. The simulation itself took place on May 17th 2011 and involved three separate trading rounds. > Students in the Pre-Masters Year of the ESCP Europe Masters in Management program took part in the trial run on March 22, 2011, which involved only the PIIGS countries. The key results were the following: It's a student experiment
- dalbasal 8y ago
  This is pure paranoia. The "author" is conducting a learning exercise. There is no sign of a political argument, nevermind a political point here. He's focusing on certain elements and not others because that's what he has data for, and that's what the exercise is about. The data he's got is bonds: bank bonds, government bonds & corporate bonds. That's what he's playing with, trying to see how this information can be unpacked, analyzed and understood. I haven't seen the actual exercise but I assume students might be able to do things like "how can we cancel the maximum debt with the minimum number of transactions?" The fact that this does not consider relative bond ratings, macroeconomic effects or whatever else you care about is a red herring. Every economic model everywhere simplifies reality. Otherwise nothing is fungible/general and nothing can be modelled. You ascribing sinister motives is you being blinded by whatever you think is the important debate in economics.
  - close04 8y ago
    That's not paranoia. He misunderstood what this is about, jumped to conclusions, and now can't backtrack. Notice how Lazare started by rejecting the validity of the exercise as: > "absurd assumptions with no bearing on reality" But the argument suddenly turned into rejecting the credibility and motivation of the person proposing it as: > "making a misleading graph to advance a political argument". Also while his "demonstrations" kinda' sorta' make sense when viewed from the plane, it's the details that are completely off that give away that there's no formal knowledge or training behind them but a mish-mash of ideas probably gathered from the media, internet, and his personal conclusions and assumptions. The whole line of reasoning for this discussion is that all physics problems that assume the ideal gas, the perfect sphere, etc. are unrealistic, so they are political statements. Don't feed the troll.
deleted 8y ago
[deleted]
zhte415 8y ago
It isn't really about nuance. Cost and return of capital, convexity of yield curve spring to mind. It is a student project.. treat as no more.

by Niksko 8y ago

King-Aaron 8y ago

> Despite this, you have concluded that in fact the author has failed to understand the nuance of the situation rather than yourself. And thus, illustrates the current state of affairs on HN.

cinquemb 8y ago
Wake me up when BNP or DB tap this author on the shoulder to help manage their derivatives book.
close04 8y ago
That would be the state in which everyone thinks an internet connection and an audience makes them an expert?

deleted 8y ago

[deleted]

voodootrucker 8y ago

The grandparent included arguments relevant to the debate. The above comment is merely an appeal to authority. If there are facts that support it, I would love to see them posted here, so as to forward the discussion.

Lazare 8y ago

> you have concluded that in fact the author has failed to understand the nuance of the situation rather than yourself. By no means; I'm sure the author is being purposefully misleading; I highly doubt it was mere accident. :) In any case, your blatant appeal to authority is not needed; the linked article was kind enough to provide sources, and it's the work of a moment to check them. "Overall gross external (or foreign) debt is taken from the latest 2011 World Bank/IMF figures and includes all debt owed overseas, including that owed by governments, monetary authorities, banks and companies." Man, I guess just because you work for a prestigious business school you might not be above making a misleading graph to advance a political argument! Who knew?

raverbashing 8y ago
> The diagrams above show the before and after situation, based on analysis done by students. The simulation itself took place on May 17th 2011 and involved three separate trading rounds. > Students in the Pre-Masters Year of the ESCP Europe Masters in Management program took part in the trial run on March 22, 2011, which involved only the PIIGS countries. The key results were the following: It's a student experiment
dalbasal 8y ago
This is pure paranoia. The "author" is conducting a learning exercise. There is no sign of a political argument, nevermind a political point here. He's focusing on certain elements and not others because that's what he has data for, and that's what the exercise is about. The data he's got is bonds: bank bonds, government bonds & corporate bonds. That's what he's playing with, trying to see how this information can be unpacked, analyzed and understood. I haven't seen the actual exercise but I assume students might be able to do things like "how can we cancel the maximum debt with the minimum number of transactions?" The fact that this does not consider relative bond ratings, macroeconomic effects or whatever else you care about is a red herring. Every economic model everywhere simplifies reality. Otherwise nothing is fungible/general and nothing can be modelled. You ascribing sinister motives is you being blinded by whatever you think is the important debate in economics.
- close04 8y ago
  That's not paranoia. He misunderstood what this is about, jumped to conclusions, and now can't backtrack. Notice how Lazare started by rejecting the validity of the exercise as: > "absurd assumptions with no bearing on reality" But the argument suddenly turned into rejecting the credibility and motivation of the person proposing it as: > "making a misleading graph to advance a political argument". Also while his "demonstrations" kinda' sorta' make sense when viewed from the plane, it's the details that are completely off that give away that there's no formal knowledge or training behind them but a mish-mash of ideas probably gathered from the media, internet, and his personal conclusions and assumptions. The whole line of reasoning for this discussion is that all physics problems that assume the ideal gas, the perfect sphere, etc. are unrealistic, so they are political statements. Don't feed the troll.

deleted 8y ago

[deleted]

zhte415 8y ago

It isn't really about nuance. Cost and return of capital, convexity of yield curve spring to mind. It is a student project.. treat as no more.