I liked these thoughts from Warren Buffett on Bloomberg today: WARREN BUFFETT: Well I came up with that a long, long time ago to describe the situation that – I [ … ]
The Most Ignored (and Common) Term in Portfolio Analysis
If you look at just about any investment related material you’re likely see the same words written in some manner: “PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RETURNS” Yet, every [ … ]
Comstock: 6 Near-term Market Risks
Since we seem to be entering one of those phases again where it looks like the stock market can do absolutely no wrong we’ll highlight some commentary from a resident [ … ]
The Age When Being Wrong (Again & Again & Again) Just Doesn’t Matter
For the better part of 5 years now we’ve heard repeated predictions for hyperinflation, US Dollar collapse, economic collapse, bond market collapse, stock market collapse, etc. All of these predictions [ … ]
Improving Euro Zone Macroeconomic Expectations Point to Earnings Recovery
Good chart and insight here from Guggenheim: The ZEW euro zone macroeconomic expectation index rose to a 4-year high of 59.1 in October, indicating a majority of financial analysts and [ … ]
Debunking “The Biggest Scam In The History Of Mankind”
A reader forwarded this video on to me. Apparently it’s gaining quite a bit of traction online. The video is called “The Biggest Scam in the History of the World [ … ]
Did The St Louis Fed Just Kill NGDP Targeting?
Based on this research piece the popular theoretical policy tool known as NGDP Targeting will never be adopted by the Fed: “The economy is too complex to be summarized by [ … ]
Again, the Taper isn’t Coming Any Time Soon….
I’ve been saying this for months now, but it’s worth repeating – the Fed isn’t tapering any time soon so let’s stop worrying about that. In addition to the economic [ … ]
Rail Traffic Continues to Point Towards Economic Growth
No big change in rail trends this week as the growth continues. The year over year growth in intermodal came to 4% in the latest reading from AAR. This brings [ … ]