2020-02-07 10:50

I observed a year ago that post-crisis bank regulation amounted to the Fed admitting that it was a failure, with banks treating reserves like pre-1913 banks treated gold. So I’m pleased to see that at least some Fed officials understand that this is a problem.

it is worth remembering that a principal reason for the Federal Reserve’s creation was to facilitate the movement of reserves when needed from banks with an excess reserve position to those in need of reserves

Source: Federal Reserve Board – The Economic Outlook, Monetary Policy, and the Demand for Reserves

2020-01-09 09:05

I had not previously been aware of the site Forecast Advisor, which tracks weather forecasting apps and compares their forecasts to the actual weather in whatever specific place you care about.

Of course, accuracy is not a perfect metric for usefulness—a weather app that’s close enough that I’m wearing the right clothes for the day is more useful than one that’s usually one degree closer, but misses major turns in the weather.

2019-12-18 05:41

Do municipal taxes bring in enough money to maintain our urban and suburban infrastructure? In the densest urban areas, probably yes. Otherwise, generally no.

It might shock most people to learn that in many American cities, the poorest neighborhoods subsidize the wealthiest.

Source: This ‘Ponzi scheme’ surrounding development leaves most cities and towns functionally insolvent

2019-12-17 13:53

Great advice on the right way to handle fall risk for seniors. Includes an excellent video.

Elliott Royce takes practice falls at least five times every morning. He doesn’t just practice; he preaches, too. He goes to assisted living centers, senior centers and community centers to talk about how to prevent serious injuries if you take a tumble.

Source: 95-year-old shares tricks of safe falling