Category: Think Tank

RIP Robin Williams – Weapons of Self Destruction

Weapons of Self Destruction was the name of his last HBO special. So brilliant, funny . . . and sad.   Robin Williams stand up comedy live from Washington   HBO: Robin Williams – comedian, writer and Academy Award-winning actor – returned to HBO for his first solo TV concert since 2002. The show was…Read More

Category: Humor, Weekend

10 Monday PM Reads

My afternoon train reads: • With bulls like these, who needs bears? (Reformed Broker) • Putting the “Underperformance” of Active Managers in Perspective (Pragmatic Capitalism) • Job Market Tilts Toward U.S. Workers in Virtuous Cycle (Bloomberg) • Secular Bear Market in Stocks is Over ( but see Secular Bull and Bear Markets ( • Proof…Read More

Category: Financial Press

Current Reservoir Conditions in California

Source: Municipal Securities Research, Wells Fargo

Category: Science

10 Monday AM Reads

My morning afternoon train reads (continues here): • Investors who side-step a bear market often blow the timing of getting back into stocks (WSJ) • Here’s my obligatory column that says stocks will crash (Marketwatch) • Income inequality/wealth gap is opening among U.S. corporations (Bloomberg) see also We need a corporation tax (Tax Research) •…Read More

Category: Financial Press

How Greenspan Became the ex-Maestro

On this day in 1987, Alan Greenspan became chairman of the Federal Reserve Board. This anniversary allows us to take a quick look at what followed over the next two decades. As it turned out, it was one of the most interesting and, to be blunt, weirdest tenures ever for a Fed chairman. This was…Read More

Category: Bailouts, Federal Reserve, Markets, Really, really bad calls

SKEW-VIX & The Fog of War

SKEW-VIX & The Fog of War David R. Kotok, August 10, 2014     This commentary will include answers to some questions from readers about the SKEW-VIX ratio and why it is important. Here are two issue notes before we address those questions. First, our alarm about the ratcheting up of military action falls into…Read More

Category: Markets, Think Tank, War/Defense

Is Japan’s Population Aging Deflationary?

Category: Think Tank

Ariely: Our Buggy Moral Code

Behavioral economist Dan Ariely studies the bugs in our moral code: the hidden reasons we think it’s OK to cheat or steal (sometimes). Clever studies help make his point that we’re predictably irrational — and can be influenced in ways we can’t grasp.   Published on Apr 26, 2012

Category: Psychology, Weekend

The 21st Century

INFORMATION OVERLOAD The twentieth century was all about scarcity, making it to the top and then dominating. Today there’s so much information that you feel inadequate. It’s an endless buffet that never closes where you find yourself unable to resist taking one more bite, yet still believe there’s something you don’t know. Distribution used to…Read More

Category: Think Tank, Web/Tech