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 in … Read more
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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 great financial … Read more
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“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 of … Read more
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