Or perhaps we could call this ‘Social Security basics as seen by Bruce’. In any event. Some recent e-mail exchanges and comments have led me to conclude that there are certain misconceptions about Social Security finance, misconceptions that both feed on and feed into certain pernicious myths initiated by people who oppose Social Security on […]
Bloomberg has a poll that takes a look at rational investor behavior, with which I am very familiar, over the panic behavior laid out by our conservative ideologues over touching capital gain taxes of any percentage. If the monied sloshers are as sensitive as they imply, maybe they aren’t so rational, and are actually in […]
Unless, as with my Loyal Reader at MU, you played chess competitively against him in the mid-1970s.
I think he may believe it’s good news that the S&P 500 forward valuation (what we believe we might make next year, having nothing necessarily to do with current earnings or actual sales) has returned, approximately, to the level of 1998.* The problem, as I noted more than two years ago, is that, even ignoring […]
Just a quick chart to compare the current situation to the 1970s. When I ran the chart I did not expect such a nice match. The price series is West Texas intermediate.
As a direct result of the six-Republican, one Democrat California Supreme Court’s decision last week, people who have shared everything for 21 years now get to marry. Pull quote: As a Japanese American, I am keenly mindful of the subtle and not so subtle discrimination that the law can impose. During World War II, I […]
Further lifting (of comments like cactus) by juan: “…the term ‘speculators’ tends to imply short-term traders while it’s my understanding that most of the index funds take longer term or more ‘sticky’ positions, but this can become a matter of semantics that detracts from what Briese and some others have tried to bring out — […]
J. C. Bradbury notes that early-season weather and home runs hit, while it is noted in comments that the decline is primarily in the American League and some suggestions on developing a model are made. (No, I’m not turning this into a baseball blog. There are purposes to these posts. All will be revealed.)
Well I am just going to lift the following from my little visited blog. In my defense a commenter back in April suggested publishing it on Angry Bear, at the time I didn’t have posting privileges.People who follow Social Security issues understand that in addition to the Intermediate Cost Alternative whose dates and numbers are […]
25*30 = 750 104/750 = 13.9% For those more conversant in the “disincentives of enforcement” literature than I, can you back into the Rational Expectation of Enforcement Practices that would lead nearly 14% of a population to conclude it is maximizing utility? And, given your calculation, what would that say about the Management Practices of […]