Greek bonds rallying
With the heat on Greece reaching a tipping point, there is a high likelihood that something concrete out of the IMF and EU is imminent in...
10 Psychological, Valuation, Adapative Investing Rules
This morning’s post discussing Floyd Norris front page NYT column generated even more pushback than I expected. I am always trying...
Wholesale Inventories rise for 2nd month for first time since...
Feb Wholesale Inventories rose .6%, above expectations of up .4% and Jan was revised up to a gain of .1% from the initial reported...
Surprise! Big Banks Hide Risk Levels
Gee, what a shocker: “Major banks have masked their risk levels in the past five quarters by temporarily lowering their debt just...
We’re here for you, I promise
Following the ‘no default’ comment from Trichet yesterday with regards to Greece, another ECB official today reiterated the...
Retail, Jobs Suggest Stronger Recovery
The usually skeptical Floyd Norris looks at the economic data, and it makes him (surprise!) optimistic: “The American economy...
Economic Policy: Lessons from History
Chairman Ben S. Bernanke At the 43rd Annual Alexander Hamilton Awards Dinner, Center for the Study of the Presidency and Congress,...
Liberté, Egalité, Foreclosuré ?
Well, it looks like the the foreclosure virus is becoming more egalitarian every day; its even moving into tonier neighborhoods:...
Why Foxes Are Better Forecasters Than Hedgehogs
Fascinating discussion from Philip E. Tetlock, author of “Expert Political Judgment: How Good Is It? How Can We Know?”...