The Acosta Affair

    “White House shares doctored video to support punishment of journalist Jim Acosta”   I don’t ever remember being addicted to the news like this. I used to get the “New York Times” in high school and college, but I can’t tell you I read much more than the sports pages. And then my… Read More The post The Acosta Affair appeared first on The Big Picture.

Beto O’Rourke

He pointed. That’s one of the first things you learn in media training, not to. You remember Bill Clinton, with his arm outstretched, thumb tucked into his fist, they called him “Slick Willie,” one thing’s for sure, Beto O’Rourke is not slick. We need leaders. And there’s a vacuum in the Democratic Party. And give… Read More The post Beto O’Rourke appeared first on The Big Picture.

Reflections on the Lehman collapse, 10 years later

Translation of an article by Hyun Song Shin, Economic Adviser and Head of Research of the BIS, in the Frankfurter Allgemeine Zeitung (FAZ), 15 September 2018.  This week marks the 10th anniversary of the collapse of Lehman Brothers. In many ways, we are still living through the consequences of the crisis that followed. Assessments made in the heat… Read More The post Reflections on the Lehman collapse, 10 years later appeared first on The Big Picture.

Elon Musk On Joe Rogan

They’re out to get him. I didn’t like school, because the teachers were so bad. Forget that they were limited. they wanted to keep you in a box. Make sure you were somebody contrary to your inner tuning fork. They wanted you to conform. But when you found a teacher who took the lid off… Read More The post Elon Musk On Joe Rogan appeared first on The Big Picture.

Ignore Sunk Costs

This is the best Seth Godin podcast I’ve listened to, because most people are uninformed on the topic. The question is whether you use the past to cripple your future, whether you can handle the feedback from your peers when you say you’re going in the other direction. It’s a conundrum. No one wants to… Read More The post Ignore Sunk Costs appeared first on The Big Picture.

Jewtropolis

New York Times: New York City Is Briefly Labeled ‘Jewtropolis’ on Snapchat and Other Apps I thought we were beyond this. How long until you’re considered the other. The Reformation, the Holocaust, they were supposed to be one time things, we were supposed to now be more civilized. But to quote Talking Heads, it’s the same… Read More The post Jewtropolis appeared first on The Big Picture.

The Impact of Higher Temperatures on Economic Growth

The Impact of Higher Temperatures on Economic Growth Federal Reserve Bank of Richmond, August 2018, No. 18-08 Riccardo Colacito, Bridget Hoffmann, Toan Phan and Tim Sablik     What happens to the economy when it gets hot outside? Despite long-standing assumptions that economic damage from rising global temperatures would be limited to the agricultural sector or… Read More The post The Impact of Higher Temperatures on Economic Growth appeared first on The Big Picture.

Information in the Yield Curve about Future Recessions

Information in the Yield Curve about Future Recessions Michael D. Bauer and Thomas M. Mertens FRBSF Economic Letter, August 27, 2018       The ability of the Treasury yield curve to predict future recessions has recently received a great deal of public attention. An inversion of the yield curve—when short-term interest rates are higher than long-term… Read More The post Information in the Yield Curve about Future Recessions appeared first on The Big Picture.

Soft Knowledge

The STEM era is over. For twenty years we’ve experienced the denigration of the liberal arts. For twenty years we’ve been ruled by tech. For twenty years it’s been about entrepreneurship. Now it’s about thinking. About concepts. About ideas. Not changing the world with products, but analysis and influence. You can’t compete with the billionaires,… Read More The post Soft Knowledge appeared first on The Big Picture.

Low inflation and rising global debt: just a coincidence?

Article by Mr Claudio Borio, Head of the Monetary and Economic Department of the BIS, for the 70th anniversary of Zeitschrift für das gesamte Kreditwesen, published on 1 August 2018. ~~~ At first sight, they seem unrelated. After all, why should low inflation and rising debt be linked? True, from the early 1980s inflation declined, and then stayed… Read More The post Low inflation and rising global debt: just a coincidence? appeared first on The Big Picture.

Advertising

It’s not 2005 anymore, certainly not 2010, virality is dead, bubbling up from the bottom doesn’t exist, and the big get bigger. For a while there it looked like Madison Avenue was faltering. And if you follow the ad biz, you’ll see that the agencies are challenged, fearful of being cut out by the middlemen,… Read More The post Advertising appeared first on The Big Picture.