Re: hegemony humbled

The WAY this story was reported in the UK was also revealing. The withdrawn UN vote was carried by CNN International but not CNN USA websites. The BBC presented it without a single comment about British support or lack of support. It was merely suggested that there was not sufficient support from

Re: Marxist Fianancial Advice

Daniel Davies wrote: That point (which is, incredibly, very well established and true) is that 40% of the entire volatility of the NYMEX contract in September Frozen Concentrated Orange Juice occurs in the single day on which the Department of Agriculture releases its forecasts for orange productio

Re: Mark Jones Still Among the living (was titled Wrong)

I was joking. I believe that when I die, I won't go anywhere. I'll be kaput. jd -Original Message- From: PEN-L list on behalf of Sabri Oncu Sent: Wed 6/23/2004 5:42 PM To: [EMAIL PROTECTED] Cc: Subject: Re: [PEN-L] Mark Jones Still Am

Re: Mark Jones Still Among the living (was titled Wrong)

Jim and Doug: >> I'd better start sinning now, so I won't end up in >> the same place as Mark. > > I'm already doomed, since I cheered on the slaughter > of Afghan babies. > > Doug My friends, What is wrong with ending up in the same place with Mark? Whether you like it or not, this is what is

Re: Marxist Fianancial Advice

Daniel: > Shurely market prices have to react to buying and > selling, or they wouldn't be market prices. Reacting to buying and selling is one thing, reacting to buying and selling _instantly_ is another. Of course market prices react to buying and selling. But not necessarily instantly. If yo

Re: Marxist Fianancial Advice

In which context, I was just reminded by a conversation with my missus that the Eddie Murphy/Dan Ackroyd film "Trading Places" turns on a particular point about commodity futures which, IMO, gives the absolute lie to any claims of market efficiency beyond Fama's purely statistical efficiency concep

hegemony humbled

US backs down in its attempts to win Security Council endorsement of exemption of its forces from possible redress in International Criminal Court after strong warning by Secretary General. http://edition.cnn.com/2004/LAW/06/23/us.war.crimes.court.ap/index.html Compare to how this adminstration w

consumption vs. income

I was thinking about Doug's question about US consumer spending and so decided to look at recent data. I constructed a simple graph of the ratio of personal consumption expenditure to personal disposable income (along with the 6th order polynomial trend line). (it's attached.) It's interesting to f

torture? it's un-American!

Afghan detainees routinely tortured and humiliated by US troops Duncan Campbell and Suzanne Goldenberg Wednesday June 23, 2004 The Guardian Detainees held in Afghanistan by American troops have been routinely tortured and humiliated as part of the interrogation process, in the same way as those i

Re: Marxist Fianancial Advice

Daniel Davies wrote: The more hazy idea behind efficient markets theory is that stock market prices are in some way the "best" forecast of discounted value of future cash flows. Yup. It's been ages since I read this stuff, but some of the more honest economists conceded there was a "joint hypothesi

Re: Marxist Fianancial Advice

Peter has it right. Fama's 3 kinds of market efficiency are basically statistical definitions; they're different strengths of assertions about unpredictability. This is a necessary condition for efficiency (viz the title of Samuelson's paper on the subject "Properly Anticipated Prices Fluctuate R

a new kind of "welfare pimp"

[Jurriaan B. pointed this article out to me] Corporate Welfare For Welfare Corporations - welfare reform in Wisconsin Dollar & Sense, Jan, 2001 by Karyn Rotker Sandra (not her real name) is a Milwaukee woman in her early thirties who suffers from three separate mental health conditions. Two of

Re: Marxist Fianancial Advice

I did a brief review of this lit for a paper I wrote recently. Some comments: 1. If market efficiency has any substantive relationship to "real" factors (as revealed ex post), unpredictability of price movements is necessary but not sufficient for efficiency. 2. The only defensible claim about fin

To Be Young, Cosmopolitan, and Muslim

"To Be Young, Cosmopolitan, and Muslim":

Re: EMH

but you don't know _when_ the flame-war or long obscure discussion or predictions of instant doom will happen. In the SM, it's the timing that's crucial. jd -Original Message- From: PEN-L list on behalf of Doug Henwood Sent: Wed 6/23/2004 10:50 AM To:

Re: Putin

In a message dated 6/23/2004 11:28:54 AM Central Standard Time, [EMAIL PROTECTED] writes: Those Marxists who may or may not endorse a particular "national liberation" struggle are not: 1. made Marxists or non-Marxists by their endorsement  2. relieved from correctly characterizing the

Re: EMH

Devine, James wrote: >The anomalies that have been identified over the years - that low P/E stocks outperform high P/E ones, for example - imply that stocks are, at least to some degree, predictable. the SM is predictable in the sense that pen-l is predictable. My god, if the stock market were tha

EMH

[was: RE: [PEN-L] Marxist Fianancial Advice] I wrote: >>BTW, the stock market is basically unpredictable _even though_ it >>doesn't fit the "efficient markets" hypothesis. Doug writes: >>Again, I must turn into a pedant and ask just what you mean by that. >>There are several forms of the EMH. Qu

Re: Putin

I am disgusted that people could not be courteous while I am unable to watch over the list! Naturally, we have seen an increase in the unsubs. Can't people understand that nobobdy has ever been converted over an e-mail list. Repetition, insults, and jibs only make people get turned off. I repeat

Re: Marxist Fianancial Advice

Devine, James wrote: BTW, the stock market is basically unpredictable _even though_ it doesn't fit the "efficient markets" hypothesis. Again, I must turn into a pedant and ask just what you mean by that. There are several forms of the EMH. Quoting myself from Wall Street, characterizing Eugene Fama

Re: Putin

Oh, Mr. Proyect, you again shift the isssues around to justify a previous mis-characterization. You mis-construed Mr. Doss's earlier and accused him of having a soft-spot for Russian Orthodox Christianity after he, correctly as far as I have been able to verify, related the rather "unsavory" his

Re: Mark Jones Still Wrong

Devine, James wrote: > I'd like to think that he is sitting up on some cloud somewhere getting a chuckle over how he still generates such controversy. I'd better start sinning now, so I won't end up in the same place as Mark. I'm already doomed, since I cheered on the slaughter of Afghan babies.

Re: Putin

Presumably, judging by the short time it took you to respond to this, you didn't read what I sent. I'm not surprised. I'm outta here. Poka.

Re: Putin

Chris Doss wrote: When the Bolsheviks came to power, they decided to renounce this heritage. They guaranteed the right of secession to all such peoples who had come under the sway of Czardom. Did they really? Of course they did. This does not mean that there was resistance from within the Bolshevik

Re: Putin

Once again drawing vague analogies. I don't see why you don't just admit the obvious -- you don't know the area. I think it's obvious to everybody on the list that you don't know the area.   Look, I have not been continuing this conversation for your benefit, but for the other people on this list w

Re: Putin

Chris Doss wrote: Shamil never wanted to create a nation state. The idea would never have entered his mind. I suppose you're right. That thought probably never entered the mind of the Mahdi as well. Or Shaka Zulu. Or Sitting Bull. Or the Boxers. Or the leaders of the Sepoy rebellion. That does not

Re: Putin

  When the Bolsheviks came to power, they decided to renouncethis heritage. They guaranteed the right of secession to all suchpeoples who had come under the sway of Czardom.   Did they really?   EXCERPTS FROM SOVIET DOCUMENTS  A Report by the Commissioner of the People’s Commissariat of Finance

Re: Putin

Shamil never wanted to create a nation state. The idea would never have entered his mind.   Still waiting for evidence of some knowledge about the North Caucasus. Instead, I get regurgitated Lenin. Do you Yahoo!? New and Improved Yahoo! Mail - Send 10MB messages!

Re: Putin

I wish there were a bit more concrete analysis presented, rather than assertions that oil andgeopolitical forces are at work.--- Sure there are geopolitical forces at work. They are pretty easy to see when you simply look at the historical record. Let's recap the last 13 years of Chechen history:  

Re: Putin

Chris Doss wrote: Shamil did not "rule" Chechnya and Dagestan. Nobody rules Chechnya and Dagestan. They are clan societies (except for the Russian minority and maybe the Mountain Jews -- who I'm sure just love Islamist fighters!). Dagestan doesn't even have a president. What a joy! You finally sort

Re: Putin

Shamil did not "rule" Chechnya and Dagestan. Nobody rules Chechnya and Dagestan. They are clan societies (except for the Russian minority and maybe the Mountain Jews -- who I'm sure just love Islamist fighters!). Dagestan doesn't even have a president.   Instead of drawing vague analogies to other

Re: Mark Jones Still Wrong

> I'd like to think that he is sitting up on some cloud > somewhere getting a chuckle over how he still generates > such controversy. I'd better start sinning now, so I won't end up in the same place as Mark. jd

Re: Putin

s.artesian wrote: Clearly Chris Doss is pointing out that Shamil was not exactly a great emancipator Actually, the position of Marxists is quite clear on these sorts of matters. The revolutionary wing of the movement (Rosa Luxemberg, E. Belfort Bax) *always* backed the colonized against the colon

Re: Putin

I think the "logic" goes like this -- there is oil there. And Muslims. And when oil, Muslims and war are in the same place, it must be about oil. And _only_ about oil. There cannot a priori be any other factors. And because all events on the world stage without exception can be reduced to the evil

Re: presidential election

Yoshie writes: >If the non-DP left ignore the presidential election while others are paying attention, we simply help perpetuate the rhythm of US politics: three years of protests, one year of electoral campaigns for Democrats during which the gains made in the previous three years are lost, and th

Re: Marxist Fianancial Advice

my advice is to follow the diversification strategy I sketched below -- unless you happen to have inside information (but watch the SEC!) or are able to deep research of the sort that the Sage of Omaha does. Any other way is to believe the hucksters who _claim_ to have special info. BTW, the sto

Re: Putin

I believe that, Mr. Proyect's statement, is a mischaracterization of Mr. Doss's. Clearly Chris Doss is pointing out that Shamil was not exactly a great emancipator struggling for the future of the downtrodden. I wish there were a bit more concrete analysis presented, rather than assertions that

Re: Putin

Huh? Where did this bizarre non sequitor come from? Look, I see no point in continuing this inane discussion. Poka.Louis Proyect <[EMAIL PROTECTED]> wrote: Chris Doss wrote:> Dude, I think I know who Imam Shamil is. I referred to his failed> attempt to impose Shariah in an earlier, apparently unrea

Re: Putin

Chris Doss wrote: Dude, I think I know who Imam Shamil is. I referred to his failed attempt to impose Shariah in an earlier, apparently unread, post. He was a Dagestani Avar. Shamil Basayev is named after him. He lived out his last years in a sumptuous palace outside St. Petersburg on the tsar's mo

Re: Putin

Dude, I think I know who Imam Shamil is. I referred to his failed attempt to impose Shariah in an earlier, apparently unread, post. He was a Dagestani Avar. Shamil Basayev is named after him. He lived out his last years in a sumptuous palace outside St. Petersburg on the tsar's money, after having

Re: Putin

Chris Doss wrote: Yeah, and they seem to go to pretty bizarre lengths to justify it too. For instance, they view I have heard of Chechnya expressed here implies that, just a few short years after the collapse of the atheistic Soviet Union, large numbers of ex-Soviets want to under Shariah law. 80%

Re: Putin

Chris Doss wrote: I have never seen so much pulling rabbits out of hats in a long time: "Chechnya never attacked Dagestan, wait, no, it did, but it was only after Russia attacked Chechnya, wait, no, that's not it either, it happened before, but the Dagestanis really liked it, wait, no (logical next

Re: Marxist Fianancial Advice

Shurely market prices have to react to buying and selling, or they wouldn't be market prices. The question is whether the buying and selling matches up to anything in what Paul Davidson calls "The Real World" (a place which I visited once, and didn't really like it). For what it's worth, I'm curr

Re: Putin

Yeah, and they seem to go to pretty bizarre lengths to justify it too. For instance, they view I have heard of Chechnya expressed here implies that, just a few short years after the collapse of the atheistic Soviet Union, large numbers of ex-Soviets want to under Shariah law. 80% of the population

Re: Putin

If you are worried about Washington invading Iran or Syria, though,you ought to watch Putin closely.--Yoshie--- In what sense do you mean? That Putin would give a signal of some sort? Do you Yahoo!? New and Improved Yahoo! Mail - Send 10MB messages!

Re: Mark Jones Still Among the living (was titled Wrong)

I hate to be such a nit-picker and continue to insist on actually comparing what a well respected man said to the facts, but...   Mark Jones stated that Bush was bluffing and would never invade Iraq.       - Original Message - From: soula avramidis To: [EMAIL PROTECTED] S