Economic systems are the result of cultures. Where there is little cultural agreement, the economic system will be unstable, as will be governmental action. No, this is not another “Rules” post. But this...
Read More=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=- With regard to equity market performance, I am torn. My head says, “Go with the momentum. Broad rally here.” My heart says, “Profit margins will be...
Read MoreI write this because I was invited to be on CNBC on the topic, but I suggested that my opinion would not make for good television. That said, I have taken my four prior posts on the topic, and assembled them into one...
Read MoreTonight’s post could be one in the “rules” series, but since I did not get this idea prior to 2003, when I started investment writing at RealMoney.com, it does not qualify for me. But here it is: At the...
Read MoreCould an investment bank go to junk status? Some of my “rules” were phrased as questions. I wrote that one prior to 2002, possibly musing about downgrades in the credit ratings of investment banks. But...
Read MoreThe more entities manage for total return, the more unstable the financial system becomes. The shorter the performance horizon, the more volatile the market becomes, and the more index-like managers become. This is not a...
Read MoreMost academic economists are irrelevant, so we can ignore them. The few that are relevant are worth noting. They can write such that ordinary people can understand — think of Milton Friedman with his...
Read MoreI like CXO Advisory, and always read them as they publish. That said, I think they sometimes have a weakness in their methods by not using multivariate techniques when it would make sense. So, when their article,...
Read MoreThe US Government seeks your opinions on housing finance. Send them here, to http://www.regulations.gov, and let them know what you think. As for me, my opinions to their seven questions are here. If you agree,...
Read MoreA few readers have asked me where they can find a list of my “Rules” posts. You can find such a list here. One further note on the “Rules” posts — I’m not exactly sure how many...
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