Hard hitting global and local news
Read more here: Flattening of the Yield Curve in Pictures; Is an Inversion Necessary to Signal a Recession?
An article just came my way expressing that same viewpoint. It’s a New York Magazine Interview With Michael Burry, Real-Life Market Genius From The Big Short , head of Scion Asset Management
Original post: Bunnies Can’t Statistically Prove. . .
I have a watchful eye on initial unemployment claims. They have been trending higher (unexpectedly of course) since mid-October. Initial Claims 2015 Econoday economists were surprised by the jump.
Read the original: Get Your Money Out of Italian Banks Now! Austerity and Bail-Ins Fan Populist Flames; Italy’s 5-Star Movement…
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Stakes high, and Decisions urgent. It was a response to problems that came to the fore in the 1980s such as environmental tobacco smoke, HIV/AIDS, acid rain, ozone depletion and, yes, climate change. The observant amongst the bunnies will have noticed that science only has something to say about the first. Values are a question of ethics, stakes economics, and decisions policy. However, the misleading formulation leaves much room for ClimateBall.   The science part is Pre-Normal Science, the stage at which something has been observed, but no one quite knows where it came from, what it means or how to understand it. Science actually has a way of dealing with such situations. The initial flailing about to reach a useful understanding is later used by those who oppose action to obfuscate by insisting that still nothing is known, what is known is wrong, or at best that more research is needed. Oh yes, natural variability.
Thomas Kuhn, in " The Structure of Scientific Revolutions " understood what normal science is Normal Science means research firmly based upon one or more past scientific achievements, achievements that some particular scientific community acknowledges for a time as supplying the foundation for its further practice.†Normal Science by definition operates when scientists share a common set of theories, models and observations, in other words when there is a consensus. Normal science is puzzle solving within the field’s consensus.
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