The rich shouldn’t just thank the government for much of what’s occurred in the last 5 years. They should be begging for more of it.
Why Does the Power of the Hard Money/Fiscal Austerity Orthodoxy Persist?
Doc K asks an important question on his blog this weekend – how, after all of these years of being dreadfully wrong, do the Austerians and inflationistas still garner so [ … ]
John Cochrane Talks About the “Asset Swap”
I missed this nice piece in the WSJ by John Cochrane. It’s a very balanced perspective of QE. I particularly liked this section which will sound very familiar to regulars: [ … ]
Understanding Your Real, Real Returns
Thornburg Funds has a new report out on understanding your real, real returns and it’s fantastic. I discuss this topic in detail in my book, but they do a much better job covering [ … ]
Three Things I Think I Think
1. Thanks.
2. Larry Swedroe drops the boom on John Hussman.
3. Morgan Housel tells it like it is.
Random Walking (But Only When it’s Convenient)
Okay, I am a little OCD so bear with me here. Actually, if you plan on reading any of my work in the future you’ll have to bear with me [ … ]
Malkiel’s Mendacity
When politics masquerades as finance….
Rosenberg: the Next Recession Could be 4 Years Away
Talk about a flip in perspective. David Rosenberg, who had been bearish for years, has turned into one of the biggest bulls on Wall Street. The Gluskin Sheff analyst now [ … ]
It’s Time to Eliminate the Term “Passive” Investing
If you’re not wedded to the term “passive investing” you should probably stop using it. It’s not just misleading, it’s a fundamentally flawed concept.