The Collective Delusion that is Bitcoin (and All Currencies)
The Bitcoin Collective Delusion Bitcoin has value because some people engage in a form of delusion that invests any currency with value....
Fed is Too Focused on Wealth Effect, Equity Markets
Fed Is Misled by Wealth Effect The Federal Reserve’s decisions on monetary policy have been misguided because of its excessive...
TDS: Wage Against the Machine
Below is my Daily Show debut. The segment was pretty good. As noted last night, we shot for 2 hours, and lots of great stuff was left on...
How I Ended Up On The Daily Show
Tonight, after the opening segment but before Louis CK comes on, I am deeply involved in the middle segment of The Daily Show. How this...
Am I Too Bullish?
Am I Too Bullish? John Coumarianos of the Institutional Imperative is a prudent value guy. He wonders aloud in a recent blog post...
What Does It Mean When Investors Sit in Lots of Cash?
Source: @giorgiotrovato Why Is Everybody Sitting on Huge Piles of Cash? Despite a plethora of bubble talk, chatter...
How Do You Define a Bubble? (And are we in one now?)
How Do You Define a Bubble? (And Are We in One Now?) Taken as a whole, can we (as defined by Asness) discover any reasonable future...
10 Wednesday PM Reads
Here are my home from EU zone afternoon reads • Companies Boost U.S. Payrolls by Most in a Year (Bloomberg) • Americans are bingeing...
Guide to Stock Market Corrections
The S&P 500 hit 1709 a few weeks back and has since been dropping precipitously, we are now down roughly 3.7% from that level...