Rethinking Investing: Common-Sense Rules for Uncommon Times
The first lesson is: you don’t know what you think you know.
See: Let go of what you think you know
Starbucks: harbinger of financial doom?
GOOD Sheet: It’s the Economy, Stupid!
One Way To Make Money In Today’s Market
Buy a nice collectible Chevy Camaro or a Dodge Challenger. With a new Camaro [...]
By Jessica Hagy over at Indexed.
This makes a nice lead in for a realization I’ve had about the sub-prime fiasco and the housing markets, adding to what The New Yorker had to say in Home Economics back in March.
A few years ago a lot of economists and financial experts, including Alan Greenspan were warning [...]
A Brave Army of Heretics -economicprincipals.com
For the last 125 years, however, ever since the views of Leon Walras and other theorists of general equilibrium became encoded in a famous textbook of Alfred Marshall (or, rather, partially encoded), technical economists have viewed the economy as a system in which individuals deal with one another only [...]
As fuel prices soar, rustlers pilfer barrels of used cooking oil to make biodiesel - IHT
A few years ago, drums of used french fry grease were only of interest to a small network of underground biofuel brewers, who would use the slimy oil to power their souped-up antique Mercedes.
Now, restaurants from Berkeley, California, to Sedgwick, [...]
You Can’t Afford To Go To The Movies. Thanks, Ethanol!
Ethanol, the stupid fuel that the government loves for some reason, is going to take up 40% of next year’s corn crop. Movie theaters make nearly half of their money from concessions, and a third of that money comes from popcorn sales. When concession prices [...]
Whenever people ask me about investing in China, which they do a lot, I ask them would they be so willing to invest in a bunch of U.S. companies they know absolutely nothing about? Then why are they so willing to invest in companies they really know nothing, in most cases majority owned by [...]
Wikipedia defines economic elasticity as follows:
In economics, elasticity is the ratio of the proportionate change in one variable with respect to proportional change in another variable, such as the responsiveness of the price of a commodity to changes in market demand or visa-versa. In terms of elasticity, a market or good can be described as [...]
Ever since liquor stores started sticking notes on their coolers letting us know that the price of my beloved beer would have to go up due to the rising price hops, I’ve assumed it something to do with either the cost of fuel or the displacement of hops crops by corn being turned into [...]
Econ-o-rama: Salary comparisons
Seeing a comparison between men and women’s salaries somewhere on the Interweb this morning it occurred to me to wonder how such comparisons are made, whether or not outliers are included. Typically, in my experience, people tend to use statistics that best seem to prove their point. So if you want to show a wide [...]