Thursday, June 18, 2009
Sunday, June 14, 2009
Tony Auth Gets It
Friday, June 12, 2009
Wednesday, June 10, 2009
Saturday, June 6, 2009
Ryan Avent Rules
Few people get to the basic dumbassery of the national press better than Ryan Avent. Read this to see why.
Friday, June 5, 2009
I Know That's Right
Worth remembering from Daniel Gross.
"[T]he notion that the market is telling us something—anything—ultimately rests on the erroneous assumption that financial markets represent the collective wisdom of rational actors processing information efficiently . . . The markets resemble the Star Wars bar scene more than they do the economics faculty lounge at Princeton."
"[T]he notion that the market is telling us something—anything—ultimately rests on the erroneous assumption that financial markets represent the collective wisdom of rational actors processing information efficiently . . . The markets resemble the Star Wars bar scene more than they do the economics faculty lounge at Princeton."
Monday, June 1, 2009
Making Sense
Worth reading from James Surowiecki. Here's the takwaway:
[M]ost of the people predicting disaster as a result of higher interest rates don’t think there was ever a hope of recovery to begin with.
[M]ost of the people predicting disaster as a result of higher interest rates don’t think there was ever a hope of recovery to begin with.
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