Who Benefits from Bailouts?
I always find it amusing whenever someone expresses surprise that the financial bailouts for Greece haven’t benefitted Greek...
Stop Anthropomorphizing Markets !
Act. v. What a financial market supposedly does. As if it were a living creature with a sense of self and volition . . ....
What Are The Reasons to Own Gold Miners?
Bloomberg View Columnist Barry Ritholtz discusses the price of gold. He speaks on “Market Makers.”
Gramm’s Unrepentant Cognitive Dissonance
The Few Who Won’t Say ‘Sorry’ for Financial Crisis Don’t expect any apologies from former U.S. Senator Phil...
Curse of the Macro Tourist
The travels and travails of the macro tourist Add to list Beware the money manager who chases the big headlines with your cash Washington...
Gold Miners Are No Longer a Proxy for the Metal
Let’s say this right up front: The SPDR Gold Shares Trust exchange-traded fund has killed the shares of the gold miners. For a few...
The Tyranny of the U.S. Criminal Justice System
How can the life of such a man Be in the palm of some fool’s hand? To see him obviously framed Couldn’t help but make me feel ashamed...
When Do Gasoline Sales Peak?
On Monday, I discussed why Tesla’s latest announcement was big. The electric carmaker said it planned a modification that would give...
Market Forecasters Are Like Blind Squirrels…
Earlier this summer, I tweeted a wonderful line from Brett Arends column, 25 things I wish I knew when I graduated from high school:...