So how does it feel? How does it feel to be back in the saddle after the holidays? You can think of the way in which this first Monday of the working year hits you as being akin to what happens at the Large Haldron Collider when particles racing close to […]
Many of us took Macro 101 somewhere along the way. That introductory macro course — macro being short for macroeconomics — looked at the very largest of economic phenomenon, such as money, interest rates, international competition, etc. Many of us also took Micro 101 — micro being short for microeconomics — which […]
So, say you have a big negative number, such as, oh, I dunno, a negative 1 trillion, and say that that number measures something. And say that you measure that thing a year later and it now measures out at a negative 900 billion. Is that second number smaller or […]
The Context: I initially published this piece as a group email in late mid-August of 2011. It was very much of-its-time, as the second week of August 2011 had been one of those high-volatility, big-fear, no-fun periods that happen in the financial markets from time to time (and, seemingly, from […]