BOOTSTRAPPING

I always believed that it referred to using as few resources as possible.

Here in this article under the section titled Bootstrapping is an alternate explanation i.e. that Bootstrapping uses a tool to build another, more complex, tool. Way cool, and complementary - in that both meanings should apply.

The article is also about some really important thinkers.

Here is the link.

https://www.wired.com/story/50-years-later-we-still-dont-grasp-the-mother-of-all-demos/?CNDID=42701204&CNDID=42701204&bxid=MjM5NjgxMjQzODg1S0&hasha=b5abeb5ee78f16ff3251c9dabf762cf1&hashb=6cbeee99b9049248612c21f69e8da15fdef39464&mbid=nl_121018_daily_list1_p3&utm_brand=wired&utm_mailing=WIRED%20NL%20121018%20(1)&utm_medium=email&utm_source=nl

Why we should be concerned about Urjit Patel's resignation

Without sounding condescending, only to underscore my point, it should be blindingly obvious that the reason we should be worried is that it points to the people in power trying to remove checks and balances.

If we do not do anything, India will soon be a Fascist state.

While it is Modi and his companions this time, the comment above applies to ANY time!

Here is Raghuraman Rajan making the same point.

https://www.thehindu.com/news/national/all-indians-should-be-concerned-says-raghuram-rajan-on-patels-resignation/article25711571.ece

A red flag article by Bloomberg that is worth sharing

I found this article to be informative .... I am biased though and it is possible I am only looking at aspects that support my views.

Read on ....

https://www.bloomberg.com/graphics/2018-corporate-debt/?srnd=premium-asia

More red flags

Despite the (I think misleading) title of the article, these were reasonable penalties imposed by the government. In previous posts I have argued that there are red flags due to relaxing of banking regulations; and given that banks get fined, but the bankers who cause the fines are not punished, and the profits are worth it, that banks could well simply be budgeting for fines i.e. essentially giving the average tax payer the middle finger. One figure stood out in the article below - penalties "and legal costs and related obligations" of 30 billion USD in 10 years!!! NO numbers on the number of people jailed or penalised!
Disclosure: I worked for JPMC for some 11 years and was laid off by them.

https://www.bloomberg.com/news/articles/2018-10-26/jpmorgan-s-secret-punishment-u-s-halted-its-growth-for-years?fbclid=IwAR1_WLbUZa17iz9WCMs3NioiF4rVhaNyPuRSsp_AoFsL6JT-zD3m4-riN54

Can we survive the next financial crisis?

Believable, and good, article. I was incredulous to start with as the article seems to first note that banks were doing well and went against my sense that big banks continue to be very greedy. As the article progressed my views were reaffirmed as it seems that the risk still exists, is bigger, but was simply shifted.

https://www.bloomberg.com/graphics/2018-lehman-anniversary/

Money for nothing and ...

My first thought was this would not work in countries like India, Sri Lankas, Pakistan ... but sharing because I think I may be wrong and some will and that can make a difference. Believe there are already groups in Delhi that help to improve the lives of "ragpickers" as they are sometimes referred to in India.

https://www.bbc.com/news/av/stories-45398184/a-clever-way-to-make-a-living-out-of-rubbish?SThisFB

Are stock buy-backs starving the economy

Those interested in the markets may find the link below interesting. May also explain why the markets do not necessarily reflect the economy and in some ways, the other way too i.e. the markets do broadly reflect the economy. Folks who think I am spouting nonsense, may be right, but I do think that the markets are often divorced from reality (explanations for a market's movements are best found after the fact); and that professional traders make money on volumes and transactions regardless of whether the markets go up or down while the average investor cannot know whether they will have a profit or a loss despite their often inflated opinion of their stock picking ability. I have time and again seen, especially in the case of Alpha types, that if they get something right, they attribute it to their intelligence, and when they are wrong, they keep quiet about it or will find some external factor to blame!

https://www.theatlantic.com/ideas/archive/2018/07/are-stock-buybacks-starving-the-economy/566387/?utm_source=fbb

A video on immigration

Sharing a post I made on F/B in 2016 that has to do with the benefits of immigration.

https://youtu.be/JoHCT2bUjwg


Perhaps you can also check out Gerben's You Tube page.