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Scaling, Money and Trust

With rapidly increasing amount of data, scalability has become a hot topic in computing these days. An algorithm that does not scale well soon exhausts available hardware and reaches its limit of...

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Is US Unemployment Rate Falling or Rising?

Check the source for several other informative charts. The author usually presents the big picture very well. “Eventually, all of America’s lesser problems will combine into one giant problem. The...

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Outsourced: Employee Sends Own Job To China; Surfs Web

Link Here is the most important part of the article – And it turns out that the job done in China was above par — the employee’s “code was clean, well written, and submitted in a timely fashion....

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America's Four Socioeconomic Classes

Long time back, when I started to learn quantum mechanics and superconductivity as a graduate student, my professor gave me four relevant papers and asked about my opinion. At that point I was an...

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Is This the Terminal Phase of Global Capitalism 1.0?

Readers may enjoy a very good commentary from Charles Hugh Smith. We read books of all authors cited by him. The ‘global systems theory’ of Wallerstein is fascinating. One related book that we would...

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China vs USA

Charles Hugh Smith wrote a good piece on China based on Michael Pettis’ talk at Napa conference organized by Mish. China 2.0 Is in Trouble In Pettis’ view, the key metrics are debt and the ability to...

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College Grads: It's a Different Economy

Cross-posted from Charles Hugh Smith’s oftwomind blog. It is one of the most insightful blog providing daily musing on various economic topics. ———————————————————- College Grads: It’s a Different...

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Peak Government?

Oftwominds blog has an informative commentary titled – Have We Reached Peak Government? It includes a number of useful charts and, to keep it brief, we will share the most important ones below. As you...

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Economists at San Francisco Fed Scares the S**t Out of PhD Students

In 2006 at the peak of housing bubble, economists at San Francisco Fed asked whether it was worth buying houses and came to the conclusion – yes. This time, they are asking the same question about...

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E-conmen at Federal Reserve Warn –“College May Not Pay Off for Everyone”

From ‘Liberty Street Economics’ (whatever that means, given that it is a site within NY Fed) – In our recent Current Issues article and blog post on the value of a college degree, we showed that the...

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