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StrategyDriven Editorial Perspective – Good Intentions, Bad Results: Learning from the Panic of 1826

Strategy Driven

While rates and terms varied, it was not unusual for post notes to trade at yields of 2 percent per month or more, compared to banks that were lending at yields of five percent per year, Professor Hilt’s research found. Needless to say, these products were very profitable as long as default rates were low.

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The Downside of the Fed’s Increasingly Complicated Expectations Game

Harvard Business Review

When you view this reaction in terms of expectations, it makes a bit more sense. Long ago, a central bank’s job may have been as simple as taking away the punch bowl just as the party gets going, to paraphrase William McChesney Martin, the Fed’s chairman from 1951 to 1970. It] elevated the long-term asset value expectation.”.

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Just Using Big Data Isn’t Enough Anymore

Harvard Business Review

While many executives loathed the term, others were apostles of the belief that data-driven analysis could transform business decision-making. Companies must take the long view and recognize that businesses cannot successfully adopt Big Data without cultural change.

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What Every Manager Should Know About Machine Learning

Harvard Business Review

This is because big data is not just long , but wide as well. Each customer gets a row, and if there are lots of customers then the dataset will be long. Forecasting long-term customer loyalty. Rating the credit risk of loan applicants. Anticipating the future performance of employees.

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What Alan Greenspan Has Learned Since 2008

Harvard Business Review

Not long after Alan Greenspan stepped down as Federal Reserve chairman in 2006, global financial markets began to unravel. In the fall he came out with a book setting out his new and improved worldview, The Map and the Territory: Risk, Human Nature, and the Future of Forecasting. I’ve come a long way since then.”.