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  Posts on Apr 20, 2014
"All Models are Wrong": George E. P. Box (José Ignacio Soler, Venezuela, 04/20/14 9:00 am) The latest WAIS discussion on economics, finance and models used to predict financial market or economic behavior reminds me of English statistician George E. P. Box, a very talented fellow, who once ... more

Is Xenophobia on Rise in Russia? Three Faces of Putin (Cameron Sawyer, Russia, 04/20/14 5:10 am) Paul Levine wrote on 16 April: "The latest news from the Kremlin is not reassuring. What do our Russia experts think?" ... more

Purchasing Power Parity Explained; from Ric Mauricio (John Eipper, USA, 04/20/14 4:36 am) Ric Mauricio sends this comment: I agree with Cameron Sawyer (19 April), that purchasing power parity (PPP) is a more useful way of looking at how an economy (and its people) are doing. < ... more

Quantitative Investment Strategies (Jordi Molins, Spain, 04/20/14 3:42 am) This is in response to Rodolfo Neirotti's post (17 April) about the article, "Do Quantitative Investment Strategies Constitute Fraud?" by Stephen Foley: I agree that many fund mana ... more

  Posts on Apr 19, 2014
Russia, Germany, GDP and PPP (Cameron Sawyer, Russia, 04/19/14 3:50 pm) In response to Harry Papasotiriou's question about the economic metrics of my 19 April post, I was referring to purchasing power parity (PPP), not nominal dollars! In the original issue of the Wo ... more

Irredentism (Eugenio Battaglia, Italy, 04/19/14 8:12 am) With reference to John Heelan's post of 19 April, I have always had a different definition of irrendentism: "the feeling of the people oppressed by another state that want to be reunited ... more

Russia and Germany GDPs Compared (Harry Papasotiriou, Greece, 04/19/14 7:36 am) According to the latest World Bank data, which are for 2012, Russia's GDP in current US dollars was 2.014 trillion, whereas Germany's was 3.128 trillion and France's was 2.612 trillio ... more

Moldovan Workers in Russia (Cameron Sawyer, Russia, 04/19/14 4:51 am) Massoud Malek wrote on 19 April: "The only country that Moldovans can visit without a visa is Russia. The problem is that sightseeing in Moscow and Saint Petersburg for impoverished Moldova ... more

Do Quantitative Investment Strategies Constitute Fraud? From Ric Mauricio (John Eipper, USA, 04/19/14 4:16 am) Tax season is finally over in the US, so Ric Mauricio can return to WAISing! Ric sends this comment on Rodolfo Neirotti's post of 17 April: Here is the FT article forwarded by Rodo ... more

Irredentism: One Cause of War (John Heelan, UK, 04/19/14 3:41 am) I am currently following an on-line course run by Kings College (London University), on the "Causes of War." It defines "irredentism" as "any position of a state advocating an ... more

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About WAIS

Founded in 1965 at Stanford University by Prof. Ronald Hilton (1911-2007), WAIS is a political, economic, and religious forum moderated by John Eipper, Adrian College. Contributing members include historians, journalists, military professionals, scientists, and business leaders from around the world.