derriz

119 ms·

811.
by derriz 11y ago
The effect on income is "the worst measure for where the wins and losses fall"? I'm guessing that the billion or so people who have escaped absolute poverty in the last 20 years do not share your attitude that income is irre
812.
by derriz 11y ago
I think you can, easily. The most globalized countries are nearly all rich - see the KOF ranking for example. Or compare the top buckets in any economic freedom ranking (e.g http://www.heritage.org/index/ranking ) wit
813.
by derriz 11y ago
It is not part of the legislative process in western liberal states to introduce laws that target specific named corporations or individuals separately to their peers. This mechanism is sometimes used by totalitarian or very authoritarian r
814.
by derriz 11y ago
Bomb a western country because corporations - in full compliance with its laws and those of the US - are doing something you dont like? Really? How about the US simply change its tax laws to prevent this happening?
815.
by derriz 11y ago
That's how business is done in places like Russia and China and in many very poor countries. Displease the government and face the full force of state power regardless of actual laws. I prefer being subject to laws and having recourse
816.
by derriz 11y ago
Could you simply respond to the point? I already understand how modern central banks work so a reference to a 14 page intoduction doesn't help. According to your claim, debt interest just disappears while i know for a fact that it doe
817.
by derriz 11y ago
Why? What happens it? It gets buried in a hole? The money you spend servicing debt is the money somebody else earns on their savings. And many people (retirees are an extreme example) happily spend such money on restaurant dinners and ne
818.
by derriz 11y ago
Must be a thing in German speaking countries? Last year i was asked if i wanted local anesthetic when the dentist was about to drill a back tooth for a crown in Zurich. I blinked with incomprehension - I couldn't believe anyone would
819.
by derriz 11y ago
I've pondered this too. I have a friend who is a successful business person and know some others - none in the finance industry. These are just observations from a tiny sample size. First I am surprised that none understand the financ
820.
by derriz 11y ago
Well here goes my tiny store of karma points but as a contrarian I can't resist going against the comfortable consensus that the TPP and TIPP (which is of more relevance to me as a European) are evil and sinister. Some observations: Th
821.
by derriz 11y ago
I agree that more debt is disconcerting. But the alternative of going "cold turkey" would result in a humanitarian crisis. This is a country which imports most of its food, energy and medicine. The banks are bust and the governme
822.
by derriz 11y ago
Greece is quite corrupt by western standards. Their previous minister for defense is serving jail time for bribery. Politics and society are based on clientism and patronage rather than rules and an independent legal system. This is why t
823.
by derriz 11y ago
This would be a terrible move and will retard the uptake of Java 9. Why not leave it as it is or just repackage it until replacements snake their way through the JSR process and then users can migrate their source. Java will never bridge t
824.
by derriz 11y ago
They are NOT running a primary surplus - this claim has been debunked. http://www.dw.com/en/the-truth-about-greeces-primary-surplus... http://www.forbes.com/sites/timworstall/2015/02&#x2F
825.
by derriz 11y ago
The Eurozone loans helped my country (another EU country which went bust in the GFC) recover. They allowed a "soft landing" in correcting government deficits. Of course it entailed new unpopular taxes and cutting government spen
826.
by derriz 11y ago
The facts do not support your claim. In the four years before 2015, the Greek government got to spend in excess of 80 billion euros of money lent to it from other european countries. In addition the Greek banks were allowed to use almost 1
827.
by derriz 11y ago
Nope - haircuts are calculated relative to current asset values. For example, when discussing the haircut on a 100m greek bond that's currently trading for 60m, giving the holder 60m for it does not constitute a 40% haircut.
828.
by derriz 11y ago
One problem with this conveniently simplistic good and evil narrative is the timescale - chosen i presume to be able to blame the Germans. Greece hasn't balanced its books since 1974. Greek levels of government debt has risen faster
829.
by derriz 11y ago
I don't think you understand NVP and debt. You seem to be suggesting Greek debt be discounted at something close to the risk free rate? These discount rates are correct. The value of a promise of future cash payments from the Greek g
830.
by derriz 11y ago
I've been in both (lived in Switzerland for 5+ years) and I couldn't imagine two more unlike countries than Greece and Switzerland, structurally or any other way. To put it mildly you're completely wrong. Switzerland is an ex
831.
by derriz 11y ago
Unfortunately tourist infrastructure determines how much tourism can grow and Greece already has 70-80% hotel bed occupancy so I don't see the scope here to prove a huge economic boost. On the other hand, Greece imports energy, food, m
832.
by derriz 11y ago
It pretty much is clear. And it proves Krugman wrong so I guess since that 2 year old article with its disingenuous graph (sneakily shifting the y-axis to make the up tick look insignificant), he'll never mention Ireland again. Irish G
833.
by derriz 11y ago
Oh dear. A Kevin Warwick "story". This guy is a media whore who has managed to create a profile with outlandish pseudo-scientific garbage popular with low brow newspapers. I recollect first coming across him when he excitedly re
834.
by derriz 11y ago
Not quite. Covering the space only guarantees you a share of the jackpot - it wasn't unknown for there to be more than 5 winners especially when the jackpot was big as ticket sales skyrocketed What made the play profitable was the in
835.
by derriz 11y ago
That's one way of looking at it. Another way is that it constitutes a regressive tax on a life essential - food - for the sole benefit of a politically powerful minority lobby - food processors. In the country of my birth, until about
836.
by derriz 11y ago
The beauty of Agile is: if you question or criticize it, you don't understand it; if it didn't work for you, you didn't apply it properly; if you applied it rigorously and it failed, you didn't have a deep understanding
837.
by derriz 11y ago
Dude don't be such a cynic. You can use a paper based ledger system as a backup to the paper scraps. Meanwhile all the group members can sell their academiccoin paper scraps for dollars and perform their group dealings using the green
838.
by derriz 12y ago
There's nothing fake about it. If the liquidity were truly "fake", by definition his orders would never trade which defeats the purpose. The more his orders get hit, the more liquidity his bot provides which also means the
839.
by derriz 12y ago
I wonder if anyone in world besides the authors have actually read the whole thing? It would make an interesting mental test to see if it were possible to actually learn/absorb its contents. I imagine memorizing the first 10,000 digi
840.
by derriz 12y ago
In a way yes I do think countries get what they deserve if they repeatedly vote for politicians which promise the impossible and enact self-destructive policies. For example not collecting taxes and borrowing 10% of GDP every year to over-

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