Posts Tagged ‘NSA’

Notes From Underground: Global Macro In a World of Rising Big Data

August 12, 2013

The new buzz word from the realm of the “talking heads” is BIG DATA. When we mention FACEBOOK and the other social media companies, the discussion leads to big data. The issue of Snowden and the NSA is the U.S. Government’s collection of vast amounts of personal data on U.S. citizens in the name of national security and preventing possible acts of terror. Ultimately, the discussion is about the ability of computers to search through ginormous amounts of data and find patterns that will reveal threatening behavior. In the May/June issue of Foreign Affairs, Kenneth Cukier and Viktor Mayer-Schoenberger wrote an article, “The Rise of Big Data.” It is an essay adapted from a book they wrote. Three key points are outlined:

1.Collect a lot of data rather than rely on small samples;

2. Not be concerned about how pristine the data may be and through algorithms sort through vast amounts of data regardless how messy it may be because quantity is more important than quality;

3. (THIS IS KEY FOR THE REALM OF GLOBAL MACRO FINANCIAL WORLD) “IN MANY INSTANCES,WE WILL NEED TO GIVE UP OUR QUEST TO DISCOVER THE CAUSE OF THINGS,IN RETURN FOR ACCEPTING CORRELATIONS.”

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Notes From Underground: German PMI Was Lower …. Did NSA Have The Number Early?

July 1, 2013

It wouldn’t be Notes From Underground if we didn’t ask the most obvious and ridiculous question. It may be the subject of global comedians but the NSA‘s overreach is not a laughing matter for what it really shows is that in the guise of National Security, even a democratic republic leans toward political repression. This is similar to the McCarthyism that grew from what Michael Parenti called “the Anti-Communist Impulse.” Everything becomes an excuse for the government to pry  and the danger for all lovers of freedom is that once governments delve into every nook and cranny of life, the end result is always disastrous. It is not about Democrat or Republican for the Democrats will not always be in office.

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