This is going to be a bit nerdy, but hopefully it’s insightful. Probably the biggest difference I have seen between economic theory and reality is the lengthening of lags across the economy and markets. What do I mean by that? I mean if theory predicts it might take one year Continue Reading
S&P 6000: Irrational Exuberance
WARNING: I am not saying sell stocks today! It was over three years from Greenspan’s irrational exuberance speech until the top of the market. Rather, I am expressing the need for caution as you think about future stock returns. I have no idea when the top will come or how Continue Reading
Understanding Political Betting Markets
First off, this post is not pro either candidate. If you read it as such, it’s your bias, not mine. Truth is, I am anti both parties. Today’s topic is one that has received a lot of attention of late – political betting markets. I thought I would use some Continue Reading