Posts filed under “Really, really bad calls”
Prosecutors are considering bringing criminal charges against two overseas banks for charges ranging from perjury and fraud to laundering money. As detailed yesterday by a trio of Bloomberg News reporters, the key takeaway from the banking community was reflected in the headline: “Criminal Charges Against Banks Risk Sparking Crisis.” The reaction has been swift. “Don’t’…Read More
Source: Amazon Any reader of this site has likely heard about the book currently setting the world of economics aflame. “Capital in the Twenty-First Century” was written by a French economist named Thomas Piketty. It is on the New York Times best-seller list and is currently sold out, with its publisher scrambling to print more…Read More
Roads are crumbling, bridges are collapsing, and what was once considered one of the greatest achievements of any government anywhere has fallen into embarrassing disrepair. I am of course discussing our nation’s infrastructure. Last year, the American Society of Civil Engineers gave the U.S. infrastructure a D+. When it comes to the most basic functions…Read More
BP and the Government Decided to Temporarily Hide the Oil by Sinking It with Toxic Chemicals … The Gulf Ecosystem Is Now Paying the Price As we noted at the time, and on the first (and here), second and third anniversaries of BP’s Gulf oil spill, BP and the government made the spill much…Read More
On Tax Day, Taxpayers Pick up $8 Billion Tab for Walmart and the Walton Family Report Provides State-by-State Estimates of Revenue Losses WASHINGTON — Walmart and the Waltons—America’s largest employer and richest family—received tax breaks and subsidies worth an estimated $7.8 billion in 2013, according to a report released today by Americans for Tax Fairness….Read More
Have a look at the chart above. It is from the quarterly chart book from JPM (which I have been referencing for years).
Average annual returns for individuals over the past 20 years? 2.3%. That fails to even keep up with inflation. REITs, commodities, equities and even bonds all wildly outperform the average retail investor.
The bottom half of this graphic shows what happens when investors are left to their own devices: They engage in emotional decision-making (AKA Fear & Greed), they “performance chase,” they fail to have any form of risk management in place, pay high fees, and exhibit an almost willful lack of discipline.
Spy Agencies Are Spying On All Of Us, Taking Screenshots of Our Webchats, Creating Vulnerabilities On Our Computers and the Internet, and Intentionally Disrupting Some of Our Functionalities … NSA spying is costing the U.S. tech industry tens of billions of dollars. And see this and this. It also undermines trust in U.S. companies, fellow…Read More