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On the Job Market

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…

Karl Rove on Health Insurance

…out of thin air and nobody gets hurt. Fixing prices at less than market rates will continue under any public option. What prices qualify as less than market rates? As…

Thought-Experiment: Assets and Securities

…assume that, since the housing bubble burst, I believe that my house has fallen in value by too much. I would understand a 20% decline, but the “market price” that…

Market bets on energy and raw materials today

The market bounced back today to almost where it was on Wednesday. But if you look at how the various sectors did the market is not only discounting that the…

Mark to Market Accounting

…interested in accounting standards. A wide variety of politicians have decided that the problem with the US financial system is Mark to Market Accounting. It is tempting to argue that…

Market (Ir)Rationality

News like this makes me shake my head in bewilderment. Or maybe not… maybe it just confirms my presumption that market participants are not always particularly rational. SAN FRANCISCO (MarketWatch)…