Fed Gives Congress Room to Shirk Resposibility
Fed Gives Cover to Bumbling Congress By helping to prevent a depression after the financial crisis, the Federal Reserve gave the...
No, EVERYTHING Is NOT A Forecast
You’re Smart, But You Can’t Forecast The idea that every investment decision reflects a forecast about the future is flawed....
John Bogle’s Investing Genius Needs An Update
Breaking With Bogle John Bogle’s investing philosophy needs some updating to reflect new findings. Bloomberg, January 30, 2015...
The End of Prediction, Inc. ?
It’s time to market forecasters to admit the errors of their ways Barry Ritholtz Washington Post, January 18, 2015 ...
Brother, Can You Spare 12 cents for Crumbling Infrastructure?
The Shame of America’s Rotting Roads With gas prices falling, now is the time to raise the federal fuel tax to pay for improving...
You Don’t Know Non-Farm Payrolls
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,...
Don’t Shop on Thanksgiving and Other Good Advice
Retailing’s Black Friday Hoax Forecasts for large increases in holiday retail sales, designed to get consumers into stores, are...
Tony Robbins is a Brilliant Self-Help Guru, but a Terrible...
Trade Against a Self-Help Genius Self-help guru Tony Robbins may help people realize their personal potential, but his financial advice...
Economics Advances One Funeral at a Time . . .
Economics Progresses One Funeral at a Time The end of the Federal Reserve program of quantitative easing is a good time to revisit why...
American Red Cross Wasted Millions of Dollars of Sandy Donations
Crossing Off the Red Cross Bloomberg, October 29, 2014 The American Red Cross has become a man-made disaster. It wasted...