Thanks for this erudite discussion. In his blog today, Paul Krugman (2008 Nobel Laureate in Economics--sigh--my hero ) posted about this big loser article. I gave a plug to this forum in my comment:
http://krugman.blogs.nytimes.com/2016/0 ... &smtyp=cur
http://krugman.blogs.nytimes.com/2016/0 ... &smtyp=cur