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Correlation And Information: A Problem That's Probably Here To Stay
forbes.com 4 weeks, 1 day agoCorrelation, the extent to which variables move together, has been a big headache for investors for awhile now. Simply put, when the herd lurches en masse from one asset to another???from stocks to bonds to gold to cash, etc.???prices move together, i.e., correlations go up.?? A recent Bloomberg analysis pointed out that the correlation between ...
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Alan Krueger's Mistake: The US Tax Code Is More Progressive Than Most Other OECD Countries
forbes.com 4 weeks agoVarious people are taking issue with various things that Alan Krueger has claimed in a recent speech. You can see some of this about income mobility over at Reihan Salam?s place. I?m in interested in another claim that is made, one that is clearly and obviously wrong. It?s in Figure 10 in this slide show. ...


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