US Chamber of Commerce No Longer Represents Business
In 1912, the U.S. Chamber of Commerce was created at the behest of President William Howard Taft as a business counterweight to the...
Here Comes the New Fiduciary Rules!
Your Retirement Adviser Will Think of You First New federal rules will bar brokers from putting their interests ahead of savers....
Why Can’t We Find Productivity Gains?
Soaring Productivity Is Missing From the Numbers We produce more with less because of technology. But data measurement hasn’t kept...
The Golden Age of Astrophysics
Source: Hubble Space Telescope h/t NY Mag Did you catch yesterday’s early morning penumbral lunar eclipse? Don’t worry...
Ted Cruz’ Least Qualified Economic Advisor
Cruz Seeks Economic Wisdom in the Wrong Place The candidate turns to a man who helped set the stage for the financial crisis. Bloomberg,...
Bad Track Record, Poor Model Designs
We live in the age of the quant. Mathematics drives an increasingly large number of investment portfolios. In many ways, this is an...
Dividends Beat Buybacks
Hat tip: David Wilson, Bloomberg Here’s Dave Wilson, citing Liz Ann Sonders of Schwab & Co: Dividend-paying stocks in...
Portland is a Boomtown
I spend a decent amount of time traveling around the U.S. speaking at conferences and visiting clients. Doing this is a visceral form of...
Why Subprime Auto Loans Are Not Like Subprime Mortgages
In the years since the financial crisis, investors have been treated to a parade of warnings that a replay of the 2008-09 debacle was in...
Are Earnings Forecasting a Recession?
One of the big concerns for investors is the health of corporate profits, which have declined in the three of the past four...