Some lessons to reinforce from the year that was….
2013: the Year of Behavioral Finance
There were many big developments in 2013, but none stood out quite like the impact of behavioral finance. A few things made this the year of behavioral finance:
My Favorite Posts from 2013
Whew. What a year. I wrote a lot of words. Some smart. Some stupid. I tried to provide kernels of knowledge and useful information where I could. Unfortunately, out of [ … ]
Q&A on the 2014 Outlook
In this post I will hijack the questions intended for Jan Hatzius and answer them while pretending that my responses matter half as much as his do:
5 Structural Reasons for Higher Profit Margins
Why corporate profit margins could be higher than many expect for longer than many expect.
Random Macro Thoughts
Just passing along a few random macro thoughts that might be of interest:
Goldman’s Jan Hatzius Summarizes his 2014 Outlook
Nice breakdown here via Joe Weisenthal at Business Insider describing Jan Hatzius’ 2014 outlook:
CBOE SKEW Index Spikes to Bearish Levels
Throw this one in the “signs of frothiness” bin. The CBOE’s SKEW Index attempts to measure the potential for an outlier event. Readings at current levels are extremely unusual and [ … ]
Chart of the Day: Global Inflation Remains Extremely Low
The latest global inflation readings from November all showed continued low rates of inflation. Each of the major economic regions of the world showed continued low rates of inflation: