Consumers’ Attitudes and Their Inflation Expectations

Category: Inflation, Think Tank

Timeline of the Far Future

Mark your calendars. Source: BBC

Category: Digital Media, Science, Travel

Business Booms and Busts

Click to see a single chart of business booms and depressions since 1775. Source: HistoryShots InfoArt

Category: Cycles, Digital Media, Markets

MiB: Henry Blodget’s Post Dot-Com Crash Publishing Comeback

This week in our Masters in Business radio podcast, we speak with Henry Blodget, head of of Business Insider. Blodgett was a little-known stock-market research analyst who in October 1998 made the stunning prediction that Amazon.com, then trading at about $240 a share, would reach $400 during the next year. The stock hit his projection three weeks later and a…Read More

Category: Podcast

Is The Only Purpose of a Corporation to Maximize Profit?

I am pleased to introduce to Big Picture readers someone I have known and admired for many years: Bruce Bartlett worked for Congressmen Ron Paul and Jack Kemp, and in the Office of Policy Development in the Reagan White House, and at the Treasury Department for George H.W. Bush. He is now a political independent….Read More

Category: Earnings, Really, really bad calls

10 Wednesday AM Reads

Nice recovery yesterday leads to green futures today for our morning train reads: • Don’t fight the 4 Feds: Rout Puts Bond Bears on Wrong Side of Central Banks (Bloomberg) • Index funds killed the mutual fund star (MarketWatch) • What 50 Years of Data and the Grateful Dead Say About the Economy (Bloomberg) see also American Meritocracy Isn’t What It Used To…Read More

Category: Financial Press

Crisis Chronicles: The Man on the Twenty-Dollar Bill and the Panic of 1837 Thomas Klitgaard and James Narron Liberty Street Economics, MAY 08, 2015     President Andrew Jackson was a “hard money” man. He saw specie—that is, gold and silver—as real money, and considered paper money a suspicious store of value fabricated by corrupt…Read More

Category: Currency, Cycles, Think Tank

Verizon/AOL

The song remains the same. Clueless old farts make deals for legacy companies that are vastly overpriced, believing brands have meaning in the fast-moving internet world. That’s right, while Microsoft buys Nokia, Facebook purchases Instagram and WhatsApp. Because Mark Zuckerberg actually uses the internet and whoever really made the decision at Microsoft does not. And…Read More

Category: M&A, Technology, Think Tank

Does Record Picasso Sale Signal a Bubble?

The headlines screamed across the Web yesterday: Picasso’s Women of Algiers smashes auction record. Two Artworks Top $100 Million Each at Christie’s Sale. Picasso Painting Sells for $179.4 Million; Sets Auction Record. The record for paintings was joined by a record for a sculpture, when Alberto Giacometti’s “Pointing Man” was purchased by an anonymous bidder for $141.3 million….Read More

Category: Bubbles, Sentiment, Valuation

Now-Tracking: GDP

From Torsten Slok: More and more clients bring up the Atlanta Fed’s real-time tracking estimate of GDP and it has become a benchmark for discussions of current quarter GDP after they did a great job capturing the low GDP number that came out for 2015Q1, see chart below. The average absolute forecast error since they…Read More

Category: Data Analysis, Economy