NFP: Pay No Attention to the Statistician Behind the Curtains
Pay No Attention to the Government Statistician Behind the Curtain Okay, strap in for yet another tirade on why you should (for the most...
Why Do So Many People Hate QE?
Why Do So Many People Hate QE? Outgoing Federal Reserve Chairman Ben Bernanke managed to thread the needle yesterday. Bloomberg, December...
Always Low Wages? Wal-Mart’s Other Choices
Always Low Wages? Wal-Mart’s Other Choices Wal-Mart’s holiday public-relations headache began when a Canton, Ohio, store...
What Kinds of Errors Are You Making (and what are you doing to...
It is an annual event that comes with the regularity of Thanksgiving and holiday shopping. I am referring to the Black Friday survey that...
Why Do Forecasters Keep Forecasting?
Why Do Forecasters Keep Forecasting? It’s that time of year again! All of your favorite prognosticators will soon be trotting out...
A Closer Look at Hedge Fund Under-Performance
The Five Reasons Hedge Funds Underperform Hedge fund performance — and underperformance — is a complex, nuanced issue which...
The Innumeracy of the Media Has Not Been Greatly Exaggerated
One would hope that after a decade of people lamenting the poor reporting of Thanksgiving weekend retail data, the news media might learn...
The Bifurcated Recovery in Jobs
Recovery’s Great If You Were Already Rich (or Even Modestly Well Off) The beneficiaries of the economic recovery have been a...
Ignore Today’s – Indeed Most — NFP reports
Ignore Today’s — and Most — Jobs Reports The employment situation report is the single most over-hyped, over-analyzed,...
Meet Uncle Sam, Your Partner in Crime
Meet Uncle Sam, Your Partner in Crime Lack of criminal prosecutions for bankers, hedge funds managers and other moguls has altered the...