Part of the Answer is Hubris
There is, of course, substantial economic literature on financial fragility … that seeks to explain credit bubbles in behavioural terms – exploring how, for example,...
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What You Need to Know About Emerging Markets Today
In November, China’s apparent oil consumption rose by + 0.94 million barrels per day, year over year, to a new record high of 10.5 million...
Apple (AAPL) Halves iPhone 5 Part Orders Due to Week Demand: Report
The Wall Street Journal is reporting that Apple (AAPL) has cut in half its orders for the iPhone 5′s 4-inch screen in the current quarter...
Arms Races and Sales and Sunday Reading…
"Demand for big-ticket U.S. weapons is expected to stay strong for at least the next few years, the trade group said in a 2012 year-end...
Health Care Thoughts: Electronic Medical Record Meltdown
In the past I have predicted the EMR focus of the Obama administration might not work as well as intended. Sadly, and many billions of...
That Weird Public/Private Hybrid Entity We Call The Federal Reserve….
What is the Federal Reserve? Is it a public entity that works for the government? Or is it a private entity that works for the...
Those Failing Analysts
This is a great chart from Ed Yardeni. It shows a 20 year history of analyst’s estimates and how poorly the estimates have held up...
The Disappearing Volume
It is time to review some ancient stock market jargon, in order to understand the principle of the disappearing market volume. A “lot” is 100...
Record Cold Threatens China’s Food Supply, Could Sow Riots
Winters seem to be growing gradually warmer in the United States but on the other side of the world China is struggling amidst the coldest...
Japan: More Questions Than Answers
Paul Krugman has done a series of posts suggesting that recent policy announcements in Japan may have led to dramatically higher inflation expectations, and much...