Tag Archives: Housing Bust

An Unusually Large Herd of Grey Swans

Events that can have a significant impact on the economy and capital markets have become known as swans of various shades thanks largely to Nassim Taleb’s book, The Black Swan, in which Taleb reminded us of Karl Popper’s criticism of … Continue reading

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Typical Story of an Unknown Value Investor with Little AUM

The NYSSA linked to a story in Smart Money that I had to share. It is a story of a fund manager who seeks to buy companies that are trading at a discount to their intrinsic value and that have excellent long-term prospects; in other … Continue reading

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Majority of US Finance Professionals Expect the Global Economy to Stagnate or Deteriorate – The Finance Professionals Post

Majority of US Finance Professionals Expect the Global Economy to Stagnate or Deteriorate – The Finance Professionals Post Continue reading

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Ron Paul’s Portfolio: “A Cellar-Full of Canned Goods and 9mm Rounds…”

At least that is what William Bernstein thinks (H/T: Greg Mankiw): At our request, William Bernstein, an investment manager at Efficient Portfolio Advisors in Eastford, Conn., reviewed Rep. Paul’s portfolio as set out in the annual disclosure statement. Mr. Bernstein … Continue reading

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Cleveland Fed: State of the Consumer

US consumer data does not comport with the optimistic market today (H/T: Jason Zweig) http://www.clevelandfed.org/research/trends/2012/0112/01houcon.cfm   &nbsp… Continue reading

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A Close Examination of Federal Stimulus Spending in Silver Spring, MD…

…and the US. Whew. (H/T: Cafe hayek) More evidence that the Austrian School is correct. Paul Krugman still believes we just needed more of this:   On another note, George Mason University has quite an impressive number of thinkers in … Continue reading

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“It’s a Disaster, the United States…” Kyle Bass

Bass’s usual upbeat outlook on Japan, Europe and the US as broadcast on BNN today. I wish the interviewers would have allowed Bass to fully answer their questions. They cut him off too many times to ask a new question in the … Continue reading

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Recent Headlines from a Popular News Aggregator

Recent headlines from a popular news aggregation website: Germany told it must act to save Europe… Impassioned plea for continent to avoid ‘apocalypse’… Warned of ‘highly devastating outcomes’… Just days until collapse? It is hard to believe the US market … Continue reading

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It’s 1931

I channel Dow Jones Market Talk, which channels Brad DeLong, who channels Rogoff, Reinhart, and Krugman. MARKET TALK: It’s 1931 DOW JONES NEWSWIRES 5:20 (Dow Jones) “I have been complaining for some time now that Reinhart and Rogoff think that … Continue reading

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Mr. Market Yawns at G-20 Failure to Fix Europe’s Problems

In the last 45 minutes of trading on October 4, the US stock market shot up almost 4% on a rumor that France and Germany would talk about a plan for the Euro debt crisis. Since then European leaders have met several … Continue reading

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