Here @playbookplus goes again: ‘HOW MUCH IS BIPARTISANSHIP WORTH?’ I don't know @politico, how many more months would you like the pandemic to drag on for? How many more dead? How many more people, businesses ruined economically? I'm sorry but this is garbage framing in a crisis.
More from Gregg Gonsalves
Serious question: I have to go to New York soon and I'm trying to figure out where to stay. I have heard it's disgusting and violent there. But is it like Walking Dead Season 1 or Season 4?
— J.D. Vance (@JDVance1) July 11, 2021
I work on the opioids, on research on the epidemic, its relationship with HIV/HCV, overdose. I work with data from Ohio, so care deeply about what is going on there. I was excited. Until I started digging. There's no there there. 2/
More here. 3/
You can even read their IRS-990-N filing. Sure looks like @JDVance1 tried real hard on combatting the opioid epidemic in his state. Um. Not. 4/
Now he's moved on to venture capital. Money is more interesting than the suffering of the people of #Ohio I guess. 5/
— Matthew Yglesias (@mattyglesias) January 30, 2021
First, the failure last year actually was driven by the White House, the #Trump inner circle. Watch what's happening now, the US' scientific and public health infrastructure is creaking back to life. 2/
I think Sam underestimates the decimation of many of our health agencies over the past four years and the establishment of ideological control over them during the pandemic. 3/
I also am puzzled why Tony gets the blame for not speaking up, etc. Robert Redfield, Brett Giroir, Deb Birx, Jerome Adams, Alex Azar all could have done the same. 4/
Several of these people Bob Redfield, Brett Giroir, Alex Azar were led by craven ambition, Jerome Adams by cowardice, but I do think Deb Birx and Tony tried as institutionalists, insiders to make a difference. 5/
We\u2019re beginning to see what will likely be a Herculean effort by MAGA media and certain pols to change the subject from their grotesque assault on democracy, one that resulted in bloodshed and the death of a police officer. Be aware of what they\u2019re doing as they try.
— Jake Tapper (@jaketapper) January 10, 2021
"Those who talk to Mr. Woodward, in other words, can be confident that he will be civil (“I too was growing tired, and it seemed time to stand up and thank him”), that he will not feel impelled to make connections between..." 1/
"what he is told and what is already known that he will treat even the most patently self-serving account as if untainted by hindsight..." 2/
"In this business of running the story, in fact in the business of news itself, certain conventions are seen as beyond debate. “Opinion” will be so labeled, and confined to the op-ed page or the Sunday-morning shows." 3/
"'News analysis' will be so labeled, and will appear in a subordinate position to the 'news' story it accompanies. In the rest of the paper as on the evening news, the story will be reported “'impartially,' the story will be 'even-handed,' the story will be 'fair.'” 4/
More from Economy
"A trend factor using multiple time lengths outperforms ST reversal, momentum, and LT reversal, which are based on the three price trends separately."
https://t.co/udkvsdw2Lz
2/ This resembles combining multiple measures of ST reversal, momentum, and LT reversal (forecasts determined by walking forward rather than using signs from the full sample).
Unlike normal moving average signals, these are *cross-sectional.* More below:
https://t.co/wkIFLg9jtK
1/ Cross-Sectional and Time-Series Tests of Return Predictability: What Is the Difference? (Goyal, Jegadeesh)
— Darren \U0001f95a (@ReformedTrader) June 18, 2019
"The difference between the performances of TS and CS strategies is largely due to a time-varying net-long investment in risky assets."https://t.co/CSIn3ujN2R pic.twitter.com/XHnVmIart4
3/ Unsurprisingly, the Trend factor formed by this approach outperforms benchmarks in terms of both Sharpe ratio and tail metrics. It's combining momentum with two factors that are negatively correlated to it AND using multiple specifications.
More here:
https://t.co/x8Tloz3iyL
1/ An Executive Summary (in Tweet form) of our new paper
— Adam Butler (@GestaltU) March 27, 2019
Dual Momentum \u2013 A Craftsman\u2019s Perspective
Download here: https://t.co/Y9GlGNohBg
Everything that follows in this thread is based on HYPOTHETICAL AND SIMULATED RESULTS. pic.twitter.com/9m5YJnTdtq
4/ "Average return and volatility of the trend factor are both higher in recession periods. However, the Sharpe ratio is virtually the same.
"Interestingly, all of the factors still have positive average returns.
"Momentum experiences the greatest increase in volatility."
5/ "In terms of maximum drawdown and the Calmar ratio, the trend factor performs the best.
"The trend factor is correlated with the short-term reversal factor (35%), long-term reversal factor (14%), and the market (20%) but is virtually uncorrelated with the momentum factor."
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This New York Times feature shows China with a Gini Index of less than 30, which would make it more equal than Canada, France, or the Netherlands. https://t.co/g3Sv6DZTDE
That's weird. Income inequality in China is legendary.
Let's check this number.
2/The New York Times cites the World Bank's recent report, "Fair Progress? Economic Mobility across Generations Around the World".
The report is available here:
3/The World Bank report has a graph in which it appears to show the same value for China's Gini - under 0.3.
The graph cites the World Development Indicators as its source for the income inequality data.
4/The World Development Indicators are available at the World Bank's website.
Here's the Gini index: https://t.co/MvylQzpX6A
It looks as if the latest estimate for China's Gini is 42.2.
That estimate is from 2012.
5/A Gini of 42.2 would put China in the same neighborhood as the U.S., whose Gini was estimated at 41 in 2013.
I can't find the <30 number anywhere. The only other estimate in the tables for China is from 2008, when it was estimated at 42.8.