by Mike Kimel On the Job Market Recently, my employer went through a merger. As part of the process, my position disappeared. I turned down a different position that was offered, the result being that at the end of the month I will no longer be with my current employer. Yes, I am aware of […]
I wisecracked yesterday chez DeLong that, given the current political climate, I wouldn’t invest in a company without political connections using his money, let alone my own. What I didn’t realize at the time was that the Supreme Court already had decided earlier yesterday that investing in mutual funds should be a hazardous activity: Janus […]
Traditionally, non-commercial banking (i.e., everything except savings deposits and consumer loans) was about one of two things: Tax arbitrage or Regulatory arbitrage The rest is window dressing; that is, it was basic financial intermediation, usually for the purpose of helping Corporate and/or High Net Worth clients.* That was until the late 1990s and the Noughts, […]
Demand destruction. Demand destruction. Demand destruction. That is all one seemed to hear from analysts and managers for months as food and energy prices soared. But now that we are actually seeing demand destruction, no one seems to recognize it. Yes, much of the May drop in auto sales was due to supply chain interruptions. […]
by Mike Kimel The Historical Relationship Between the Economy and the S&P 500, Part 3: The S&P 500 and the Employment to Population Ratio A few weeks ago, I had two posts looking at the relationship between the S&P 500 and real GDP (Part 1 and Part 2). The first post noted that using data […]
by Beverly Mann Ah! It’s not about regulating markets, after all! It’s about regulating the individual! ATLANTA — In perhaps the weightiest of the dozens of challenges to the Obama health care law, a panel of appellate judges grappled Wednesday with the essential quandary of the case: if the federal government can require Americans to […]
Brad DeLong, not generally a Leading Indicator in such matters, follows Mark Thoma yesterday in looking into the abyss and seeing the outline of a train around the “light”: Henceforth, I will call the current unpleasantness not “The Great Recession,” but rather “The Little Depression.” This still strikes me as optimism, but I’m stil on […]
…it seems that way, at least, when I listen to much of the rhetoric coming out of Washington. But it’s not just Washington, it’s Wall Street, too. In my line of work, finance, market participants grapple with the monthly economic data flow, eyeing each release as if it’s telling a new story about the current […]
Via the overworked Tom Bozzo, who I keep hoping will post here about Ford’s plan to triple their Electric Car output for next year, Tom Toles Explains It All to You: Oh the transgression was bad, but we the proud and truth-loving American public just cannot abide the lies! We are TRUTH-SEEKERS around here, and […]