Finance Theory

Disciplinary Action

By, 12/30/2006
There's a lot of talk in the popular press these days about an "imminent" US recession and the tired old legs of this bull market.read more
Austin Fraser
Reality Check

The Profligate Consumer

By, 12/29/2006
The news media has everyone just about convinced the "conspicuous consumption" and "pecuniary emulation" of US consumers is out of hand.read more
Behavioral Finance

Avoid Some Yearend Pitfalls

By, 12/29/2006
If you're like most people, you're probably indulging in a bit of yearend introspection as 2007 approaches.read more
Politics

The Boy Scout in the White House

By, 12/28/2006
One of America's shortest running presidents was also its longest lived.read more
Investor Sentiment

Burning Questions; Scorched Investors

By, 12/26/2006
The WSJ Online recently held an online survey to answer this burning question: "What proportion of your holiday gift spending did you do online this year?" The results? As of December 26th:
  • 31% of shoppers do 75% to 100% of their shopping online
  • 24% of shoppers do 50% to 75% of their shopping online
  • 15% of shoppers do 25% to 50% of their shopping online
  • 30% of shoppers do less than 25% of their shopping online
So, according to the survey, over 70% of people do some shopping online for the holidays, and well over half do more than 50% of their shopping online! Given such strong numbers, we ought to go out and buy up all the internet retailers like Amazon and ebay, right? Maybe.read more
Personal Finance

Bad Santa

By, 12/23/2006
Many investing pundits try to give you gifts for the holidays in the form of stock advice.read more
Michael Hanson
Neuro-economics

Metaphors We Invest By

By, 12/21/2006
Does this sentence strike you as odd?: The markets are up today! Probably not.read more
Others

Gonna Fly Now

By, 12/21/2006
Yo, Adrian! 2007 has all the makings of another sequel.read more
Interest Rates

When Normal Feels Weird

By, 12/21/2006
The 30-year fixed-rate mortgage in the United States is 6.read more
KC Ellis
The Advisor's Corner

Portfolio Construction

By, 12/20/2006
For investors who are just starting out (or starting over), the process of building a portfolio from scratch can be a daunting one.read more
Geopolitics

Baht Were They Thinking!?

By, 12/19/2006
Since the coup earlier this year (see our past commentary: "Could a Thai Coup Overthrow the Markets?"), Thailand's new military-installed government has made a major economic policy gaffe.read more
Media Hype/Myths

Rise of the Supervillains

By, 12/18/2006
Remember the good old days, where every CEO was a visionary, a patriot, an innovator…a superhero! In the late 90s, triumphant executives would grace the covers of business periodicals with big smiles and statuesque poses.read more
Investor Sentiment

Contrary About Contrarians

By, 12/16/2006
It's that time of year again.read more
Doug Regner
Repeatable History

Bad Backward-Looking Logic

By, 12/15/2006
Economic slowdown?!?! Head for the hills! One of the media's favorite reasons to be dour this year has been the incremental slowing of US GDP numbers.read more
Politics

Low-Impact Tragedy

By, 12/15/2006
Democratic Senator Timothy P.read more
Politics

Surf's Up

By, 12/14/2006
You may be tempted to view the recent elections in Latin America as further evidence of a growing red tide sweeping the region.read more
Others

Manufactured Protectionism

By, 12/13/2006
There's a good chance you think the entire world's manufacturing production has moved to developing economies like China and India.read more
Lara Hoffmans
Inconvenient Truths

Flipping Housing Bubble

By, 12/12/2006
You are in mortal peril.read more
Currencies

Look Out Below!

By, 12/12/2006
The dollar is falling! And the sky, too! At least that's what the media has likely led you to believe.read more
KC Ellis
The Advisor's Corner

Hedge Funds

By, 12/09/2006
Over the past ten years, there has been tremendous growth in hedge funds.read more
Behavioral Finance

Brain Discord

By, 12/09/2006
We have to live with ambiguity and discord every day.read more
Market Cycles

Production Junction; Market Functions

By, 12/07/2006
A lot of economic theory deals with creating value, which we can loosely define as the value of an activity leftover after subtracting from it the cost of doing it (and if you want to get technical, also the opportunity cost of not undertaking an alternative activity).read more
Behavioral Finance

Standard of Misconception

By, 12/07/2006
We aren't going to wax political, or even philosophical, on income inequality or standard of living inequality in the world.read more
Trade

More Connected Than It Looks

By, 12/05/2006
We've written often on this page about the importance of trade and the interconnectedness of the global economy, and how in turn these promote greater total economic growth.read more
Others

Improvement is Still Good

By, 12/05/2006
Treasury Secretary Paulson is on a mission to make US capital markets more competitive.read more
Aaron Anderson
The Global View

Pray for Higher Prices

By, 12/05/2006
So far, central banks around the world are doing an admirable job of keeping global inflation in check without choking off economic growth.read more
Finance Theory

Asymmetric Investing

By, 12/02/2006
It's pretty rare that anyone finds an investment that can't go down.read more
Investor Sentiment

Skyscraper of Worry

By, 12/01/2006
A common adage among fellow behavioral finance devotees is "bull markets climb a wall of worry".read more
Austin Fraser
Reality Check

The Current Account—One Less Thing to Worry About

By, 12/01/2006
The current account balance is a commonly misunderstood economic statistic.read more

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