Not Expensive vs cheap
This quote is typical of sell side rationalization: “One of the things that makes this market confusing is that some valuation...
Ignore Inverted/Flat Yield Curve at Your Own Risk
We have discussed the impact of an inverted yield curve repeatedly in the past. Much of the mainstream has denigrated the historical...
4 Year Presidential Cycle
I have always wondered how the Presidential Cycle plays out in the 2nd term of a Presidency; Unfortunately, there are not enough post-war...
The Increasing Pressure on the Middle Class
In yesterday’s RM column, I referenced a chart from the Sunday NYT (below). >click for larger graphic Courtesy of the New York...
New Real Money Column: Ignore Statistical Oddities at Your Peril
I have a new column up at Real Money: Ignore Statistical Oddities at Your Peril It is essentially a follow up to last week’s...
CPI Null Set (via The Economist)
This is a classic example of working the refs: If enough long-only fund managers/sell side pundits spew the same misleading nonsense long...
Read it here first: The Cost of Sarbanes-Oxley
It is a rather annoying tendency of politicians — and their empty-headed acolytes — to use and abuse of data and charts. One...
James Altucher: “The Underlevered American Household”
Lets just look at what’s wrong with a few items in Jim Altucher’s column yesterday, “The Underlevered American...
A Deceptively Simple Timing System
Interesting column by Mark Hulbert in the Sunday NYT about an econometric model I have observed over the years and have been impressed...
Major Internet Site Web Traffic
Paul Kedrosky references the Comscore internet traffic data. Its pretty interesting to see some of what’s getting measured and...