economic history
For most of human history, the prevailing belief was that we lived on the single plane of a flat earth. This concept gave order to our belief as to our place in the world and reduced the uncertainty gap… READ MORE ›
Just in time for the holidays, the US Federal Reserve released its quarterly Z.1 report. Recently retitled Financial Accounts of the United States (formerly Flow of Funds), the new data have provided a new, and perhaps final, chapter in the… READ MORE ›
The stock market hates uncertainty, and there is plenty of uncertainty with respect to the Middle East these days. With the stock market at an all-time high, we are frequently asked about the situation in Syria, and whether now… READ MORE ›
“I realized that when I couldn’t understand something that a company was saying, it wasn’t my fault.”
Mike Mayo, CFA, is an outspoken analyst and a notable expert on the banking system, but the above statement is perhaps one… READ MORE ›