Econbrowser: Stock prices and fundamentals →
A little math if you’re into that sort of thing (easy to skip over otherwise) but great analysis overall.
I was involved in trading for 21 years and I can testify that traders...– Nassim Taleb The idea of banks as utilities previously discussed here and here.
Bobby Jindal admits he made up that whole... →
spiegelman: When did Republicans become so pathologically bumbling? Unreal.
Economy "Recover"? Please. It Needs To Reboot →
I’ve been thinking about this a lot and I think it defines the difference between the US consumer / economy and the rest of the world going forward. Since WWII and more so since 1981 / Reagan, US growth has been fueled by massive expansions in public and private debt. I don’t think that pace will continue for at least one generation, probably two - it took fifty-plus years after 1929...
Comments v. Reblogs
azspot: Marco wrote: This is exactly the rationale behind using reblogs as a means of debate and discussion. The main reason I don’t allow comments is that I want to inspire debate. I think people do their best writing when they’re forced to defend their ideas on their own turf. It’s one thing to leave a comment on someone else’s blog, but quite another to put your argument in front of your...
‘The strength of America is not found in our government. It is found in...– David Corn
I bowled my first-ever turkey last night.
Why is it called a turkey? The term dates back to before the turn of the 20th century. In those years, scoring was much more difficult and to get three strikes in a row was quite an achievement. During Thanksgiving or Christmas week, the proprietor would present a live turkey to the first person on each team who scored three consecutive strikes. The term has carried over ever since.
what's your favourite word?
lovepuppy: fullcredit: lizziejeanne: dweeler: jspurg: strawburyduck: lovehopehate: srsly: theprosaic: scatteredwords: i like “carbaminohemoglobin” and “scattered” hence my blog name. sponge and box Defenestrate. Scandal Superfluous. atrocious Unununium - 111th element on the periodic table et cetera - it’s technically two, and it’s technically Latin. But I love...
We have lived through an era where too often, short-term gains were prized over...– Barack Obama
Japan Exports Plummet 45.7% →
This is such a huge number, I don’t think I understand it.
What's up with this gchat virus?
Anyone else’s dashboard acting up a little? Posts disappearing and reappearing?
American Express offering buyouts... to... →
mandalay: (via alexbalk) I’d be interested to hear one of you financial people’s take on this. Chris maybe? -M My guess is this won’t work because the people AmEx is likely to offer this to won’t be able to get a new credit card and do a balance transfer right now. If it does work, it sounds like a good deal for both AmEx and the consumer.
Of Course We're Going To Inflate Our Way Out Of... →
Of course. But I’ve said this before.
Is it time to overhaul the Dow index? →
Why not? Here are my picks to replace any members of the DJIA that are kicked out this year (most likely General Motors, Citigroup and Bank of America): UPS Exelon Google Medtronic A real stunner would be Toyota but I don’t think there’s ever been a foreign company included.