ALL THINGS BIG AND SMALL 2.0

I INDIA TO OVERTAKE CHINA IN ECONOMIC GROWTH - Not useful and slightly misleading information. The IMF's 2015 forecast is that India's GDP growth  will be 7.5 % while China's will drop to 6.8%. And the media has made headlines out of this. If such news is meant to convey the image that India is making great overall progress in its economy, it is misleading. You cannot really compare India with China: 1. 7.5% is from a low base compared to China. India's GDP is about US$ 2 trillion while China has a GDP of US$9 trillion. To grow 7.5 % from a lower base is much easier. South Sudan has GDP growth of 23% while Mongolia grows at 11%. 2. As an economy develops it is natural for growth to slow down. Singapore used to grow at 7-9% and now the new normal is 2-3%. 3. Good infrastructure is required for growth, and India lacks far behind China in roads, ports, railways, airports, telecommunication. Especially power generation infrastructure (electricity). 4. India...

B= Bimbo B: Hi Brainiac, I see that you are doing research on diseases now. Is Kurtosis an infectious tropical disease? Me: Kurtosis is not a disease. but a term used in statistics for describing the shape of the distribution of a collection of data viz the fatness of its tails B: Data has tails? That's nice. B: Oh, I see. Anyway, that part you said about Augmented Dickey-Fuller fascinates me. I love Augmented Dicky. Me: Huh? You know about the Dickey-Fuller test? B: Oh, I thought it was something else. Dicky sounds very friendly Me: You make the Augmented Dickey-Fuller sound pornographic B: Well anyway, research fascinates me. When I was a child I dreamed of becoming a scientist. Me: Well, if you fly me over I will show you my Augmented Dickey-Fuller hahaha