Analysis, whether economic or other, never yields more than a statement about the tendencies present in an observable pattern. And these never tell us what will happen to the pattern… Read more »
Some of the most fun things in the world are those that can be debated. Is Nascar a sport? If not, what defines a sport? My preferred definition of a… Read more »
The man, myth, and legend, Carl Richards, recently tweeted: Please believe me…being a financial advisor IS NOT about spreadsheets and calculators. It is about emotional intelligence… — Carl Richards (@behaviorgap)… Read more »
And Oxfam (which sounds like what millennial gym-friends might call each other) answered. They did not disappoint. That is to say, came off sounding one-toned and ignorant of their obvious disconnect… Read more »
When it comes to stock markets, big firms like Goldman know better than anybody to give the people what they want to see. Witness, this slide: It’s not crazy, it’s… Read more »
The very interesting-sounding statistic that launched a thousand retweets is once again making the rounds because oxfam is milking it yet again has updated their annual report. That’s right, it’s… Read more »
Edit: This podcast from Econtalk on the same subject came out a day after this post (coincidence? I think not) and was a worthy listen. Universal Basic Income (UBI) is… Read more »
Brazil’s Austerity Experiment: Scott Sumner walks us through some of the problems with ascribing any of the future economic success/failure of Brazil to the coming austerity. Very useful to learn… Read more »
H/t to David Henderson for his link to this WSJ post from Hugh Hewitt on why, though he admits it is bad in theory, he thinks in practice eliminating the… Read more »
Tyler Cowen has a very stimulating piece on doomsayers missing an opportunity to sell short the markets. I think his (perhaps strawman) argument is correct for those whose views he… Read more »