Economics

490 Posts

Book Review: Worldly Philosopher

Book Review: Worldly Philosopher

This beautifully written biography of German-born economist Albert O. Hirschman is well worth reading for its insights into a man who experienced the political events that gave birth to today’s world, saw the flawed ideologies that got us to where we are now, and saw how to identify and avoid those ideologies that might lead us astray in the future. Read more

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Weekend Reads for Investors: “The Most Crowded Trade”

Weekend Reads for Investors: The Most Crowded Trade

The economic backdrop figures prominently in the chatter among investment strategists of late as they debate the sustainability of the “decoupling” of the US economy from sluggishness in the rest of the world. Bank of America Merrill Lynch strategists have called the decoupling trade — long US stocks and the dollar — “the most crowded trade in the world.” As US stocks hover near all-time highs, those with a contrarian bent may be receptive to the latest missive from Joe Calhoun. In “Is It Time to Zig?” he suggests investors might want to look outside of the United States for opportunities. Read more

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Poll: Is the Oil Price Plunge a Cyclical or Structural Change?

Global oil prices have plunged by approximately 50% over the past seven months, their sharpest price drop since the 2008 global financial crisis. The sudden fall can be attributed to a confluence of factors — most notably, weaker demand because of sluggish economies around the world, a surge in supply because of the shale energy boom in the United States, and a relatively stable geopolitical backdrop (insofar as there have been no meaningful supply disruptions). Read more

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14 Charts Worth Your Time

14 Charts Worth Your Time

Charts are fascinating. And I don’t just mean the 14 charts below. In one of the more interesting lectures I’ve ever heard, Bret Victor makes a number of really thought-provoking points that I hope you’ll chew over as you skim these images. Read more

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