Archive for April 1st, 2016

Pakistan are built to fail in T20..

April 1, 2016

Nice analysis of Pakistan Cricket’s recent exit from World T20 by Hassan Cheema. For an Indian cricket fan growing up in 1980s and 1990s one was always awed by might of Pakistan cricket team. The way they regularly beat India was something which frustrated and angered most. But one could also not help but admire the craft especially of swing bowling.

Now most of it is just getting disintegrated. Pakistan is barely a threat to India now in either ODIs or T20s. The media can keep creating the hype over the contest but in reality there is none. The odds of a Pakistan win against India is the same as an Indian win against Pakistan in the past.  This obviously means really low odds.

Cheema says we should not be surprised by the recent exit. Pakistan is completely clueless about the various forms of cricket matches being played today. They think all three – Tests, One dayers and T20 can be played with similar players/teams:

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Economics degrees still ‘too narrow in focus’

April 1, 2016

The 2008 crisis exposed the narrow focus of economics degrees. There have been quite a few calls from people to change this but the big daddies are not budging, Things remain pretty much the same.

So, this article says these degrees remain narrowly focused nearly ten years into the crisis. Well, it is too early to expect a change anyways:

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What if we all use Bitcoins ? Some Lessons from the Gold Standard

April 1, 2016

An interesting paper by Warren Weber of Bank of Canada.

It looks at what if this happens in future and then draws lessons from history! So say we all move to Bitvoins. What will it look like? Will it last? One could draw lessons from Gold Standard:

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Everywhere and anytime power cuts in Bangalore

April 1, 2016

This blog is nearly sock of writing on woes of Bangalore. Though, administration in the city is not sick yet and keeps surprising people. The blog is nearing three years of living in this city and is amazed to see a steady deterioration in this city’s life.

One thing is certain. If there is any news etc saying better days ahead, one should surely discount it. But if there are warnings over worse days coming ahead, one should  not just be prepared but add more premium to it meaning it could be a lot worse.

Seeing power cuts in Bangalore in winters, some reports suggested expect worse in summers. It is not just worse but a lot worse than imagined.

The power cuts are not just many times more but completely random.

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Why is there a disconnect between econs and public view over free trade…

April 1, 2016

Uneasy money blog has a post on this big puzzle. If free trade is indeed so useful why doesn’t the public believe so? Or why is it that after all these years econs have failed to  make this obvious point to public.

It is mostly easy for a new wannabe politician to talk about anti trade and win following amidst public. Econs may call it poor economics but people don’t care. The wannabe knows this and cashes on it big time. Why this disconnect?

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Why gains from devaluation are just a delusion..

April 1, 2016

Prof Steve Hanke has an article on this delusion:

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