Book: In The Long Run We’re All Dead Author: Timothy Lewis The title uses a famous quote from (John Maynard) Keynes, who said- “The long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us … Continue reading
We all share concepts that are considered axiomatic, despite rather imprecise shared understanding. These are told to everyone as obvious, and a simple restatement of the concept is understood to contain its own proof. The concept of free markets is one of them. The freedom concept is often invoked when state’s actions are feared to … Continue reading
The market rallied today (9/13) because China and Italy are discussing a bond purchase program. Promptly traders and their algo cousins pushed up the S&P, which was dwindling at near-flat or negative. Great news. China will buy Italian bonds, and this will help avoid the big bad Eurozone crisis. Where have I heard this news … Continue reading
Technically, we can’t have a double dip since the last recession ended almost an year back. But, humor me, will you? The meat is all the same; it’s just the label that’s in dispute. Equities rallied by ~3.6% over the first 3 days of this week on basis of 3 pieces of backward looking data, … Continue reading
