Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/free market fetishism

Duffie on speculative trading

…for talking about the fact that without stabilizing intervention and protective regulation, market pricing–and the kinds of speculation that Duffie praises–tends to lead to market bubbles. The housing markets are…

Stock Market Premia, or, Everything Old is New Again

…when both the world and corporate capital structures were very different from how they look now, can really teach us much about stock-market investing. I don’t believe that the stock-market

7 years of the stock market

…the market as long as you return while the market is below the cash line you are still better off than if you rode the market down and back up….