>This is from a query posted to the AAPOR listserv by a pollster
>looking to do a survey in the UK. He wanted to know if there were
>"standard" classifications, having come across these two pre-existing
>templates. Amazing how many categories there can be, and how they
>look rather unfamiliar to an American.
>White
>Mixed
>Indian
>Pakistani
>Bangladeshi
>Other Asian
>Black Caribbean
>Black African
>Black other
>Chinese
>Other
>
>English
>Scottish
>Irish
>Welsh
>Ulster
>West Indian
>Indian
>Pakistani
>Other
---------------------------
Those aren't even particularly long lists. The one Camden Council sends me with every consultation document also includes "Greek Cypriot", "Turkish Cypriot", "Arabic" and "non-British white". I am not exactly sure why anyone would think that Greek Cypriots and Pakistanis might be differentially impacted by removing two residents' parking bays to make room for a speedbump, but there you are.
Conrad Herold wrote:
>
> Doug: My questions are: Technically, in terms of how the markets work, can it
> occur suddenly, that is, feed itself in the space of a few days? Can there
> be a "great dumping" of U.S. Treasury bonds? My quick reviews of the
> financial crises of the nineties leads me to think that it can. What form
> would it take? What are the best leading indicators? (While I have your new
> book, I don't have the old one (Wall Street)...but I'm going out tomorrow to
> buy it!!)
>
Note that the "great dumping" here is loose market-speak; what happens in crunch situations is more accurately described by the phrase "buyer strike". What happens is not so much that a large percentage of the owners of the stock outstanding change their mind and huge volumes of securities change hands at lower prices, but that there is a more or less unanimous change of mind on the part of the /marginal/ buyers and sellers, so "the bid drops away", and it is only possible to transact at a much lower price. If you look at the prices of Mexican bonds in 94/95, they just went off a cliff, but there wasn't a "great dumping"; most of the bonds didn't change hands at all.
You will notice that this is entirely a theoretical comment about the operation of securities markets rather than a comment on US Treasuries specifically; for a variety of reasons, I'm hors de combat from that game for the time being.
cheers
dd
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