When the entangled narrative is based on the Bible, the problem is the Bible.
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What may happen to you because you live in LA
A couple of weeks ago we had a lazy summer Sunday much unlike our habitual boogie boarding or being on the lookout for some new budding talent of the LA pictorial underground: we acted in a video clip for My Ruin.
We had attended the concert in East Hollywood on July 17th; I didn’t mind […]
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The ABS and Uncle Sam
Mr. Paul Schulten is asking me the following:
“It is true that delinquencies and losses in residential mortgage backed securities (RMBS) are strongly correlated with home price appreciation (HPA) or in the current environment home price depreciation (HPD).
As we enter a period of possible decline in home prices these losses accumulate first to […]
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The credit crunch’s cogwheels
Collective human phenomena are as a rule tricky to analyze and consequently tough understanding and explaining. The reason is learning. Even if at its core a process remains simple, people learn: they observe how things work and they adapt. Adaptation in its turn modifies the process and initiates an endless dynamics of change. Such feedback […]
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Old-style publishing a paper
Now when you want to publish an article, you write it, you put it on your website and within days hundreds if not thousands of people have read it. Sometimes someone will approach you and ask if they can publish it in the old-fashioned way, in a journal, and you’ll say “Why not?” In the […]
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The un-American solution to the subprime mess
Among the remedies mentioned for the subprime crisis, I haven’t seen listed the system I went through when getting a mortgage in England back in those days. Here is how it worked: the first step would be for you to open an account with a building society; then you would start saving, sending a check […]
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Since we can’t fix the subprime mess can we at least make sure it doesn’t happen again?
One of the greatest American traditions is for families to get together at Christmas and watch with ever-renewed delight Frank Capra’s “It’s a Wonderful Life.” Recent events in the financial world, and in the mortgage business in particular, suggest that the movie should be introduced with this important disclaimer: “WARNING: The movie you’re about to […]
0comment(s): Since we can’t fix the subprime mess can we at least make sure it doesn’t happen again?
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Woody Allen’s “Death Knocks”
In Death Knocks, Woody Allen provides a new treatment to a classical theme: a man seeing himself on a final mission succeeds in buying time from the ineluctability of death by challenging a personified death to a game that he wins, gaining so a temporary reprieve. The allegory reminds us that life amounts in every […]
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Toons in contemporary LA underground iconography
Since Roy Lichtenstein made a lasting impression on the fine arts’ scene by turning individual frames of comic strips – or at least a likeness of them – into paintings, expanding to their new scale the standard pointilliste techniques for representing shading on newspaper-quality paper, a point of transit has been established between the exclusive […]
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Trouble’s a Bubble, introducing the stock synthetic
In January of this year, I gave a talk in Paris, at University of Paris X – Nanterre, to a group of economists on “Value and price.” The paper was published online in April in “La gazette permanente du MAUSS” (1). It is in French – as suits speaking in Paris. There is however an […]
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Now that the housing bubble has burst, who’s to blame?
Blame is flying in all directions: mortgage lenders had stopped bothering whether or not borrowers could repay as they were passing the buck to Wall Street anyway; Wall Street firms were using subprime mortgages of any denomination as innocuous stuffing in Collateralized Debt Obligations (CDOs); regulators failed to curb the worst forms of abuse – […]
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Most recent comments
I intend to read the Krichmar paper, thanks for mentioning it. I looked in my library, I’ve got a 1987…
It’s becoming clear that with all the brain and consciousness theories out there, the proof will be in the pudding.…
Do Androids dream of electric sheeps ? Yes. Thanks Paul.
You say that A machine with only primary consciousness will probably have to come first. That’s the way evolution proceeded:…
It’s becoming clear that with all the brain and consciousness theories out there, the proof will be in the pudding.…
I fear your views of AI are pretty much outdated. They pre-date in any case neural networks. What you are…
Unfortunately IA is not The solution… We have to think outside the box… And IA just calculate fast but inside…
very well my brother
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