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Fiscal Policy
Fiscal Policy
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Michael Epstein
Serial Entrepeneur / Investor / Trader

I read Stephanie Kelton's book 12 times

I understand her argument.   Now, give that liberty, validation, and laissez faire attitude towards budget and deficits and give that a green light now to a central banker and a bunch of PM's or congresspeople and what do you get?   

 

Outlook On Insolvencies

Helpful report on the unfolding insolvency phase. 

https://www.bis.org/publ/bisbull30.htm

Michael Epstein
Serial Entrepeneur / Investor / Trader

Median 3 bedroom apartments in fancy nyc Sutton place now comparable to Cambodian housing prices

The median price for a 3 bedroom apartment in Manhattan’s posh upper east side Sutton place district are now comparable in prices to the Cambodian housing market In terms of prices.

ok. That’s a bit misleading. —- what I know about Cambodia is they’ll list a property for 500k. But sell it for much less. This is typical.

https://www.realestate.com.kh/zh-hans/buy/?gclid=EAIaIQobChMIubfMzcLQ7AIVDIpaBR2yRAjUEAAYASAAEgITCfD_BwE&gclid=EAIaIQobChMIubfMzcLQ7AIVDIpaBR2yRAjUEAAYASAAEgITCfD_BwE

I’m aggregating data in Excel spreadsheets now. I will try to build a model of housing prices for cities or suburban areas around cities in emerging markets and comparing them to United States.

It’s going to take some time to aggregate a lot of data. I’ve been using a python package called beautifulsoup to help automate it. It scrapes web data. But the honest truth is data is hard to aggregate. It’s time consuming. —- but I’m building it now

DIFFICULTY LEVEL - HIGH

Method of aggregating the giant dataset which could be easily converted to SQL or online database Is laborious, it can be automated by coding and scraping data off websites that already exist. But there’s inconsistent data. —- there’s protocol problems. It’s a massive undertaking.

TECHNICAL ANALYSIS?

Techical analysis of the data will be the more interesting part I believe that it could probably be an invaluable tool and a service business idea Data is not cheap nor easy to aggregate Quality of data is a problem Especially, in opaque nations overseas Lots of research is needed now

WHY BOTHER?

Why bother building a Bloomberg Terminal? But now... (More)

Ed Harrison on Joel Greenblatt and how to avoid another banking crisis

@Nick Correa and I welcome managing editor @Edward Harrison to "The Breakdown." Ed discusses his recent interview with legendary value investor Joel Greenblatt, and analyzes Joel's thesis that a new issue of preferred equity bank capital is needed to avoid another banking crisis. 

Enjoy! And please share your thoughts with us in the comments.

 

https://vimeo.com/471474628