Today’s most shared: Household unemployment survey manipulated for political reasons? … ‘Money Honey,’ ‘Turbotax Tim’ find new jobs… Bitcoin surges on US ‘endorsement’, China buying… Bloomberg’s China syndrome… Giving free stuff to kids who don’t spend builds Internet billions. Census … Read more
Leave a CommentMilton Friedman famously opined, “Inflation is always and everywhere a monetary phenomenon in the sense that it cannot occur without a more rapid increase in the quantity of money than in output.” However, the equation of exchange, to which Friedman … Read more
8 CommentsToday’s most shared: Yellen sails through first day of questions, posturing, and foolishness… Merkel’s conservative partners want a process for countries to ‘temporarily’ exit euro… Blodget’s PR offensive as Business Insider surpasses CNBC’s Web reach… Buffett runs out of ideas … Read more
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Most literature or media on finance today tell us how to make money. We are bombarded with stock tips about the next Apple or Google, faced with articles on how India or biotech investing is the next hot thing, or told how … Read more
7 CommentsToday’s most shared: JPMorgan’s efforts to woo China leaders, Twittersphere go awry… Yellen confirmation hearings… Snapchat secure messaging (a/k/a sexting) startup flirts with Facebook, spurns $3b cash buyout… Lindzon on social investing… Meredith Whitney’s hedge fund promises high returns, gains … Read more
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Introduction In last week’s post I mentioned one of the slogans used in the US Marine Corps, “Adapt, Improvise, and Overcome.” As 10 November 2013 was the 238th birthday of The Corps, I was thinking of all the adjustments it … Read more
Leave a CommentToday’s most shared: Euro QE on tap? … Heroic central bank efforts fail to stoke inflation, squash deflation risk… Investors run for the exit from bond funds, may run into liquidity problems… Reactions to Bloomberg reportedly spiking a big China … Read more
Leave a CommentToday’s most shared: Buyer’s remorse for man who implemented massive QE purchases… China news upbeat as iron market firms, Alibaba sets records, car sales rise… When someone says ‘financial innovation’, hold onto your wallet… President Elizabeth Warren to the rescue? … Read more
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Smart beta is an impressive investment branding story. The name neatly encapsulates the idea of beating conventional indices consistently but with little effort and much lower costs. Intellectually seductive, it conveys the concept of market exposure that avoids the costs and behavioral failures of active managers. Read more
5 CommentsToday’s most shared: Every currency can’t be weak… Wall Street’s chat rooms a hive of villainy? … German hard-money faction displeased with ECB rate cut… When you’re cryin’ you should be buyin’ – the investors who bought on fear reaped … Read more
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