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Funny Economics

Some wry observations from me  on the world on economics-

1) 150 years after humiliating their country in the Opium Wars, Chinese mandarins have somehow convinced their leaders and military to park 2 trillion assets in Anglo Saxon debt. If Greece geting a 50% discount on its loan is the new precedent, when will the USA force its lendors to the negotiation table.

2) Income inequality and protests are something the Arabs and Israelis have in common. Besides being the sons of Abraham of course. Note the Persians are not considered the same as Arabs.

3) Advance knowledge of geo-political events can and ensures Western financial dealers have an edge on the sovereign funds in the other hemisphere.  What used to be the playgrounds of Eton has now shifted to the pubs of Boston and So Cal.

4) After spending 1 trillion USD on arms in the past one decade (funded by guys in item 1), the United States military forces is in a much better more advanced position to wage simultaneous war.

5) Can a war in Korean peninsula affect war in the Persian sphere of influence. Just follow the money , baby.

6) Saudi Wahabis continue to fund terror despite losing a lot of money in the economic meltdown in past few years. For every 1 $ increase in Saudi oil revenue, western oil companies ,traders, financiers make more, much more.

7) Demographics is an important key to economics. An aging Japan, and stagnant West is one cause to shift from manpower intensive warfare to cyber warfare. Plus Cyber warfare is good business . Underpopulated Russia and Arabs continue to lack true economic potential.

8) There are new economic incentives to develop tools to disseminate as well as distort information flow in real time in a hyper connected digital world.

 

England rule India- again

If you type the words “business intelligence expert” in Google. you may get the top ranked result as http://goo.gl/pCqUh or Peter James Thomas, a profound name as it can be as it spans three of the most important saints in the church.

The current post for this is very non business -intelligence topic called Wager. http://peterjamesthomas.com/2011/07/20/wager/

It details how Peter, a virtual friend whom I have never met, and who looks suspiciously like Hugh Grant with the hair, and Ajay Ohri (myself) waged a wager on which cricket team would emerge victorious in the ongoing test series . It was a 4 match series, and India needed to win atleast the series or avoid losing it by a difference of 2, to retain their world cricket ranking (in Tests) as number 1.

Sadly at the end of the third test, the Indian cricket team have lost the series, the world number 1 ranking, and some serious respect by 3-0.

What is a Test Match? It is a game of cricket played over 5 days.
Why was Ajay so confident India would win. Because India won the one day world championship this April 2011. The one day series is a one day match of cricket.

There lies the problem. From an analytic point of view, I had been lulled into thinking that past performance was an indicator of future performance, indeed the basis of most analytical assumptions. Quite critically, I managed to overlook the following cricketing points-

1) Cricket performance is different from credit performance. It is the people and their fitness.

India’s strike bowler Zaheer Khan was out due to injury, we did not have any adequate replacement for him. India’s best opener Virender Sehwag was out due to shoulder injury in the first two tests.

Moral – Statistics can be misleading if you do not apply recent knowledge couple with domain expertise (in this case cricket)

2) What goes up must come down. Indeed if a team has performed its best two months back, it is a good sign that cyclicality will ensure performance will go down.

Moral- Do not depend on regression or time series with ignoring cyclical trends.

3) India’s cricket team is aging. England ‘s cricket team is youthful.

I should have gotten this one right. One of the big and understated reasons that the Indian economy is booming -is because we have the youngest population in the world with a median age of 28.

or as http://en.wikipedia.org/wiki/Demographics_of_India

India has more than 50% of its population below the age of 25 and more than 65% hovers below the age of 35. It is expected that, in 2020, the average age of an Indian will be 29 years, compared to 37 for China and 48 for Japan; and, by 2030, India’s dependency ratio should be just over 0.4

India’s population is 1.21 billion people, so potentially a much larger pool of athletes , once we put away our laptops that is.

http://en.wikipedia.org/wiki/Demographics_of_UK

 

the total population of the United Kingdom was 58,789,194 (I dont have numbers for average age)

 

Paradoxically India have the oldest cricket team in the world . This calls for detailed investigation and some old timers should give way to new comers after this drubbing.

Moral- Demographics matters. It is the people who vary more than any variable.

4) The Indian cricket team has played much less Test cricket and much more 20:20 and one day matches. 20:20 is a format in which only twenty overs are bowled per side. In Test Matches 90 overs are bowled every day for 5 days.

Stamina is critical in sports.

Moral- Context is important in extrapolating forecasts.

Everything said and done- the English cricket team played hard and fair and deserve to be number ones. I would love to say more on the Indian cricket team, but I now intend to watch Manchester United play soccer.

 

 

 

 

 

Happy Fourth of July

 

Thank you America-

for creating in no particular order of importance or chrnology

The Internet , The Atom Bomb and Men on the Moon

Hollywood Movies and Cartoons and Comics and Bbq Burgers,

Chewing gum and Rock and Roll and Stand up Comedy,

Basketball and American Football, and Sports Marketing

but on the whole, just have a good time.

 

Interview – first Big Data Conference

From time to time, I revisit the past just to ensure I am not choking on the same spin or hype bullshit I resent in this world of marketing the worlds perfect software (everyone claims to be it, noone is it)

From the very first Big Data conference ever (and kudos to Steve Wooledge at AsterData for coining the buzz word of the decade- BIG DATA)- a two year old interview.

Is it relevant- or outdated.

watch?v=cqgChBV_JBs

https://www.youtube.com/v/cqgChBV_JBs?version=3&hl=en_US

Movie Review- X Men First Class

This is a movie that restores faith in the good old art of story telling with completely realistic but not in the face Computer Generated Effects.

Both Charles (as Prof X) and Erik (as Magneto) are awesome, but Erik steals the show as Michael FAsbbender plays the avenging Holocaust victim with complete and ruthless abandon. The use of Mad Men like costumes, and the flashback to history was awesome too, but the Russians were bad- same old chaps we have seen playing Russians in dozens of movies , slurring over their Rs. The interpolation of JFK, Cuban Missile Crisis and even the 1960’s chauvinistic humor really add on to this movie.

Watch it- good for both family and friends. Kevin Bacon is a steal, and lots of talented actors now join the Kevin Bacon game.

x1

 

Updated Blogging Policy for Decisionstats.com

Once Upon a Time in Mumbaai

Image via Wikipedia

Do android hackers tweet about electric sheep?

Here is a very amusing site where bunch of hackers discuss black hat techniques to game social media- they meet in the MJ website. LOL

Thats actually the official MJ website. (also see my Poem on MJ at

http://decisionstats.com/2011/04/29/tribute-to-michael-jackson/

and http://decisionstats.com/2009/12/01/obama-and-mj-on-history/)

But back to the funny twitter gamers

http://www.michaeljackson.com/us/node/703109

MICHAEL JACKSON YOU ARE OVER THE STATUS UPDATE LIMIT. PLEASE WAIT A FEW HOURS AND TRY AGAIN.

Joined: Jul 2009
Amman, Jordan
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