How a Bubble Steals From the Future It can take years to recover from the frenzy. Bloomberg, April 24, 2015 ...
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Looking for the Bear in the Bull Market It isn’t always easy to tell when we’re in a short-term cyclical stock market or...
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I want to address the addition of Apple to the Dow Jones Industrial Average, so we have to get a few things out of the way up front. The...
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Fed Gives Cover to Bumbling Congress By helping to prevent a depression after the financial crisis, the Federal Reserve gave the...
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As one of those folks who has spent a lot of time bashing economic and stock-market forecasters (see this, this, and this), I have no...
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Breaking With Bogle John Bogle’s investing philosophy needs some updating to reflect new findings. Bloomberg, January 30, 2015...
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In the middle of the last century the U.S. started building the Interstate Highway System. It’s now named after President Dwight...
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How to Read the Monthly Jobs Report Watch the trend in the monthly jobs report, not the number in any one month. Bloomberg, December 5,...
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Retailing’s Black Friday Hoax Forecasts for large increases in holiday retail sales, designed to get consumers into stores, are...
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Quantitative easing over. It is a good occasion to consider what we know about central bank intervention, when it is appropriate and when...
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