Economists Still Using Wrong Data Set
Economists Turn a Blind Eye to Historical Data To get the right view of post-recession recoveries, you have to look at debt-induced...
Can We Educate Investors? (Not really)
Investor Education Slips Into Reverse Research suggests that teaching consumers about finance just doesn’t work. Bloomberg, July...
Could the Fed Have Saved Lehman?
Let’s Put the Lehman Bailout Debate to Rest Rescuing the securities firm wouldn’t have mattered. The financial crisis was...
Why Are We Paying CEOs for How Well the Stock Market Does?
CEOs Are Paid Fortunes Just to Be Average Executives who deliver market-matching results should be compensated as if they were low-cost...
Long Way To Go . . .
Source: Bankrate It’s the second-longest bull market in history. Stocks are expensive. This is the top. At least, that is what I...
Defend Against Statistical Nonsense
Source: NYPD Now that the political conventions are in full throat and the silly season has started, I thought it might be...
How Exactly Do We Determine Recessions?
There seems to be this idea that just won’t go away — that two or more quarters of negative economic growth mark a recession....
What If There is No ‘Secular Slowdown’?
In light of the big rise in the June payrolls, I wanted to offer some broader context about the economy. Understanding the swings of...
The Unofficial Pundit to English Translation Guide
Here’s What Financial Pundits Mean When They Say… There’s a lot of time to fill. Hot air often does the job. Bloomberg,...
The Frightening Global Rise of Agnotology
Culturally Constructed Ignorance Wins the Day Exaggeration is one thing. Living in an alternate universe is another. Bloomberg, June 27,...