Author Archive

10 Wednesday AM Reads

We are halfway to a three day weekend, with some delightful morning train reads to kick off your day (continues here):

• A case for stocks now (Fidelity) see also 2000.02 (Reformed Broker)
• 38 maps that explain the global economy (Vox)
• The Hidden History of the S&P 500 (Millennial Invest)
• Why a Slowdown in Housing Prices Is Great News (The Upshot) see also How Home Prices Have Slowed Down, in Five Charts (Real Time Economics)

Continues here


Category: Financial Press

Our Bifurcated Recovery

The Standard & Poor’s 500 Index closed yesterday at a record high of more than 2,000. Yet many people feel that the economy is weak. There are numerous reasons for this, but the one I want to focus on has to do with employment and wages. The economy feels weak because, depending on your education,…Read More

Category: Bailouts, Consumer Spending, Cycles, Economy, Employment

10 Tuesday PM Reads

My afternoon train readings: • Cutting the corporate tax would make other problems (The Upshot) see also The Republican civil war over taxes is coming (WonkBlog) • Financial Beliefs You Might Not Like (WSJ) • Active Versus Passive Is the Wrong Question (Morningstar) • More Economists See Fed Policy As Too Loose (Real Time Economics)…Read More

Category: Financial Press

Student Loans Are Going to Crush the Economy! (No, they are not)

  Student loans are the next great subprime crisis! At least that’s what the usual purveyors of doom and gloom say (see this, this and this). The numbers are big, the default rates are high and soon enough this is going to tip the economy into the next crisis or recession. Not so fast, writes…Read More

Category: Credit, Really, really bad calls

How America’s Consumers Spend Across States

Category: Consumer Spending, Think Tank

Source: Vulgar Trader

Category: Legal, Politics, Really, really bad calls, War/Defense

10 Tuesday AM Reads

Just because it’s Tuesday does not mean we don’t have you covered with our dry-aged, prime reads: (continues here): • The US bull market looks like the dot-com bubble of the late 1990s, except when it comes to valuations. (Bloomberg) see also What stage of the bull market are we in? (A Wealth of Common Sense)…Read More

Category: Financial Press

Stack: Competition to Call the Next Bear Market

Jim Stack of Investech has described what he calls “the competition to call the next bear market.” We have been going discussing this issue, and I am saving his comments for a Bloomberg column next week. But here is a flavor of what he has been writing, from his most recent commentary: 2011 We’re In…Read More

Category: Markets

MiB: Sheila Bair, Chairman of FDIC

Sheila Bair, former chairman of the U.S. Federal Deposit Insurance Corp., describes what it was like in the room with former Treasury Secretary Hank Paulson and former Federal Reserve Chairman Ben Bernanke when the global economy was on the verge of falling into the abyss in this week’s “Masters in Business” podcast. Listen to the…Read More

Category: Bailouts, Media, Podcast

10 Monday PM Reads

My morning afternoon train reads (Ccontinues here): • Get There: Washington Post’s new section on Personal Finance (WaPo) • Chasing Past Peformance is Expensive (Irrelevant Investor) • Rate Outlook: Invest for Uncertainty (Fidelity) • An Emerging Price War in the World of Investment Advice (NYT) • Corporate Profit Margins Have Officially Hit New Highs (Business…Read More

Category: Financial Press