Monthly Archives: November 2009

Book Review: Where Keynes Went Wrong

When I was a grad student, I always felt weird about Keynes.  I grew up in a home that was not explicitly “free market” but was implicitly so.  My Dad was a small businessman and my Mom was a retail investor (as well as home manager).  My Dad’s business did well, but it had its […]

Book Review: Market Indicators

Every one one us has limited bandwidth for analysis of data.  We pick and choose a few ideas that seem to work for us, and then stick with them.  That is often best, because good investors settle into investment methods that are consistent with their character.  But every now and then it is good to […]

Dubai? Do Sell?

There are always areas of excess in every market boom phase.  Dubai is an example of that.  Why can they build the tallest building, and construct islands in the Persian Gulf?  Cheap capital, riding on the oil boom, sent Dubai to incredible heights.  In an economic game of crack-the whip, Dubai is at the end […]

Book Review: This Time Is Different

I love economic history books.  The book that I am reviewing tonight is different because unlike most economic history books, it is mainly empirical rather than mainly anecdotal. Don’t get me wrong, one good anecdote can deliver more information than a carefully controlled study.  But more often, it is the careful studies that reveal more […]

Problems with Constant Compound Interest (4) (and more)

At the meeting of the eight bloggers and the US Treasury, one of the differences was whether the recovery was real or not.  The Treasury officials pointed to the financial markets, and the bloggers pointed at the real economy (unemployment and capacity utilization). With T-bills near/below zero, I feel it is reasonable to trot out […]