Financial News Aggregator and a little more!

  • Buying A College Degree: Did Aunt Becky Overpay?
    The scandal that dominated the news this week involved parents paying hundreds of thousands of dollars to get their kids into the right college. But ...
  • Episode 900: The Stolen Company
    When an American company named ABRO learns their goods are being counterfeited in China, they pursue lawsuits, extraditions, sting operations and more to make it ...
  • Saying 'I Do' To Lab-Grown Diamonds
    A lot of money is pouring into the global diamond industry, but demand for diamonds has been less than lustrous of late. But, at the ...
  • The Economy Inside Your Head
    Economics looks at how we make decisions in a world of scarce resources. What happens when the scarce resource is our attention?
  • Episode 724: Cat Scam
    The internet was supposed to get rid of middlemen--but instead there are more than ever. Today on the show, we look into how one sneaky ...
  • GDP beats but the market remains skeptical
    It's old news by now, but today's Q4/18 GDP report came in a bit stronger than expected (+2.6% vs +2.2%), and growth for the calendar ...
  • US vs Eurozone comparisons
    Here are four charts that look at key aspects of the US and Eurozone economies: swap spreads, industrial production, equity prices, ...
  • Mixed signals put the market in a holding pattern
    The S&P 500 has rallied almost 17% in the past seven weeks, but it is still down about 6% from its all-time high of almost ...
  • Recommended reading: Sandy's War
    This essay by Kevin Williamson (arguably one of today's greatest philosopher-journalists) is fascinating, weaving together themes of social media, identity, fame, environmentalism and socialism in ...
  • The labor market continues to improve
    The January jobs report handily beat expectations, with a gain of 296K private sector jobs vs. expectations of 175K. Considering all ...
  • Head Games
    AS I DRIVE around town these days, I notice a lot of cars with temporary license plates—an indication they were recently purchased. What’s the reason? ...
  • Get a Life
    IN MY ROLE as a financial planner, I hear a lot of stories. By far the most appalling and upsetting relate to life insurance. All ...
  • Newsletter No. 45
    AS THE SAYING goes, “If you don’t stand for something, you’ll fall for anything.” So what do HumbleDollar’s readers stand for? What are the key ...
  • How to Blow It
    THERE’S AN abundance of advice on how to plan for retirement. Oh, it’s good advice. But it’s also a bit complicated, often requires discipline and always ...
  • Five Mistakes
    WHEN I TAUGHT economics, I would present students with the financial misunderstandings that people often have—and which the study of economics can help them avoid. ...
  • A few short trading lessons
    A few days ago, I published a series of charts on Twitter throughout the day. (You should already be following me on Twitter!) These were ...
  • Module 2 of the Options Course: pricing
    Just a quick end-of-week update on the Options Course. We had the first session two weeks ago (replayhere) in which I introduced the basics of ...
  • How to be more creative
    Creativity is, for me, right at the heart of our growth as humans. In this post, I’ll share some ideas for connecting with your own ...
  • A shift in perspective
    Sometimes we can take tools we know and look at them in new ways. Doing this can give a surprising new perspective on how markets ...
  • The law of small numbers: a mistake you’re probably making
    One of the very positive advances over the past decade is the amount of attention focused on cognitive biases. We are, through the work of ...
  • Across-The-Board Rallies Lifted All Markets Last Week
    Bullish sentiment boosted prices across all the major asset classes last week, based on a set of exchange-traded funds. The clean sweep of gains marks ...
  • Macro Briefing: 18 March 2019
    Midwest rivers rise to record levels, forcing evacuations: USA Today Fed likely to extend pause on rate hikes in Wed announcement: WSJ Russia says it ...
  • Book Bits | 16 March 2019
    ● The Billionaire Boondoggle: How Our Politicians Let Corporations and Bigwigs Steal Our Money and Jobs By Pat Garofalo Summary via publisher (Thomas Dunne Books) ...
  • Research Review | 15 March 2019 | Nowcasting
    Factor Timing Revisited: Alternative Risk Premia Allocation Based on Nowcasting and Valuation Signals Olivier Blin (Unigestion), et al. 10 September 2018 Alternative risk premia are ...
  • Macro Briefing: 15 March 2019
    Shootings at two New Zealand mosques claim 49 lives: BBC N. Korea is considering lifting ban on missile and nuclear tests: Reuters Israel launches military ...
  • Happy Anniversary, Bear Market Lows!
    The Bull Market Actually Isn’t 10 Years Old The worst ended in 2009. But save your birthday wishes for March 28. And bring six candles ...
  • 10 Monday AM Reads
    My morning train reads: • How Sears Lost the American Shopper (Wall Street Journal) • Data Becomes Cash Crop for Big Agriculture (Bloomberg Businessweek) • Actually, consumers love Big Tech, ...
  • Peer-to-Peer Conversation: Masayoshi Son
    “The David Rubenstein Show: Peer-to-Peer Conversations” explores successful leadership through the personal and professional choices of the most influential people in business. Renowned financier and ...
  • 10 Sunday Reads
    My easy like Sunday morning reads: • Interactive graphic: Hudson Yards Is Manhattan’s Biggest, Newest, Slickest Gated Community. (New York Times) see also New York’s ...
  • Long Shot
    Long Shot – In theaters May 3, 2019. Starring Seth Rogen, Charlize Theron, O’Shea Jackson Jr., Andy Serkis, June Diane Raphael, with Bob Odenkirk, and ...
  • Recession jitters: The new fashion?
    Preface: Explaining our market timing modelsWe maintain several market timing models, each with differing time horizons. The "Ultimate Market Timing Model" is a long-term ...
  • The secret of crytocurrencies revealed!
    For the longest time, I never "got" crytocurrencies. I never bought into the idea of an urgent need for a currency that is outside the ...
  • From oversold to overbought to...
    Mid-week market update: In my last post, I suggested that the stock market is headed for a corrective period, though a short-term bounce was possible ...
  • Correction ahead: Momentum is dying
    Preface: Explaining our market timing modelsWe maintain several market timing models, each with differing time horizons. The "Ultimate Market Timing Model" is a long-term ...
  • Consolidation or correction?
    Mid-week market update: I have been cautious about the US equity market outlook for some time, and the market seems to be finally rolling over ...
  • The Asset of Time (Hacking)
    I can’t remember where I picked up what I’m about to share. Maybe it was something I heard or a study I read. The source ...
  • Hacking Happiness
    Who doesn’t like being happy? Grumpy people that’s who. I’ve been there. You have too, grumpy pants McGhee.  It’s okay. We all get grumpy from ...
  • Investing In Yourself: Input/Output
    In investing (and life), pretty much every decision you make has a nuanced outcome. That is to say, there is very little black or white ...
  • Summer Daze
    It was a hot, humid east coast summer day. We were the kids of 1984. Back then the parents in our neighborhood had the same ...
  • The Heart: Lunch With Jim O’Shaugnessy
    When I first started writing here on I heart Wall Street, it was simply out of frustration. The title came to me serendipitously while talking with ...
  • GDP beats but the market remains skeptical
    It's old news by now, but today's Q4/18 GDP report came in a bit stronger than expected (+2.6% vs +2.2%), and growth for the calendar ...
  • US vs Eurozone comparisons
    Here are four charts that look at key aspects of the US and Eurozone economies: swap spreads, industrial production, equity prices, ...
  • Mixed signals put the market in a holding pattern
    The S&P 500 has rallied almost 17% in the past seven weeks, but it is still down about 6% from its all-time high of almost ...
  • Recommended reading: Sandy's War
    This essay by Kevin Williamson (arguably one of today's greatest philosopher-journalists) is fascinating, weaving together themes of social media, identity, fame, environmentalism and socialism in ...
  • The labor market continues to improve
    The January jobs report handily beat expectations, with a gain of 296K private sector jobs vs. expectations of 175K. Considering all ...
  • S&P 500 Trades at Five-Month High
    For the first time since October, the S&P 500 is above 2,830. Note how much the daily ranges have narrowed. Going by intra-day highs and ...
  • Another Mega-Deal for Payments
    A few weeks ago, Fiserv (FISV) agreed to buy First Data is a mega-deal. Whenever you see a big deal in an industry, you often ...
  • Morning News: March 18, 2019
    OPEC, Russia Deepen Oil Output Cuts but Disagree on Their Duration Nearly Half of Americans Don’t Expect to Live Comfortably in Retirement, But It’s Not ...
  • Industrial Production +0.1% in February
    This morning’s Industrial Production report showed a slight increase last month. Last month, IP rose by 0.1% while the Street had been expecting an increase ...
  • CWS Market Review – March 15, 2019
    “Most investors want to do today what they should have done yesterday.” – Larry Summers Last Friday, Wall Street got spooked by a poor jobs ...
  • NAHB: Builder Confidence "Steady" in March
    The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 62 in March, unchanged from 62 in February. Any number ...
  • Sunday Night Futures
    Weekend:• Schedule for Week of March 17, 2019• FOMC PreviewMonday:• 10:00 AM, The March NAHB homebuilder survey. ...
  • FOMC Preview
    The consensus is that there will no change in policy at the FOMC meeting this week, and that the Fed will continue to emphasize "patience". ...
  • Schedule for Week of March 17, 2019
    The key report this week is February existing home sales.For manufacturing, the March Philly Fed manufacturing survey will be released.The FOMC ...
  • LA area Port Traffic Down Year-over-year in February
    Container traffic gives us an idea about the volume of goods being exported and imported - and usually some hints about the trade report since ...
  • Halloween 2018: Crab claws!
    Do you need something to cheer you up? You got it: I should explain this costume a little bit. At the US Digital Service, we ...
  • Some terrible personal news
    Cindy Cutts, my wife and best friend, passed away earlier this week. While I was traveling for work recently, Cindy went to visit her family ...
  • Talking to Mr. Money Mustache about the US Digital Service
    Last week, I passed my one year anniversary as head of the US Digital Service (USDS). So when Mr. Money Mustache asked for an interview, ...
  • Staying with the US Digital Service
    A few months ago, I took a leave of absence from Google to do a stint with the US Digital Service. A lot of people ...
  • A brief update
    Over the last couple years, I’ve seen more and more people in technology trying to make government work better. They’re idealists who are also making ...
  • Wrecking the Curve
    Inside the industry there are a fair amount of studies done to show what the average Registered Investment Advisory firm looks like. What is average ...
  • The problem of N=1
    I am big on evidence, big on reason. Probably at times bordering on psychopathic in how much I try to rely on reason over emotion. ...
  • 2018 In Review
    Well. Here we are, folks. You just went through one of the most dramatic declines in US stocks in a single quarter in decades. How’d ...
  • How I Got Here – McKenzie Ebbesen
    I am excited and honored to announce my new role as a Financial Consultant with Bason Asset Management. Aside from my love of numbers, I ...
  • The Evolution of Bason Asset Management – Introducing McKenzie Ebbesen
    Since I launched this firm in 2012 I knew that I wanted to do things differently than the typical advisory firm. On the surface, this ...
  • No Free Lunch: Valuation Determines Return
    Last week, I described the enormous challenges retirees face. One reason for that, aside from insufficient savings, is that markets haven’t delivered the returns many ...
  • Retirement Isn’t Happening
    I have long said I don’t want to retire. I enjoy my work. It’s not too physical, other than the travel (which is finally beginning ...
  • The Fed Is Playing a Dangerous Game
    In an ideal world, we wouldn’t have to read the Federal Reserve’s rabbit entrails to discern the economy. But Since the Fed exists in the ...
  • Recession: Are We There Yet?
    An old joke says economists predicted 15 of the last 10 recessions. In other words, they’re frequently wrong and often too pessimistic.
  • Modern Monetary Madness
    More than 10 years ago some Australian readers begin regaling me with the ideas of economist Bill Mitchell of the University of Newcastle in New ...
  • dear prudence
    An amorphous concept is meant to guide investment decision makers. Some thoughts about its day-to-day application.
  • the dangers of maximization
    Searching for the very best manager, model, strategy, or asset class is the classic investment game. But is it the one that we should ...
  • best and brightest
    A look back at a critical failure in American political and military history provides some lessons for those leading and analyzing investment organizations.
  • quant questions
    The explosion of interest in quantitative investment management presents a variety of issues for asset owners and those who investigate strategies on their behalf.
  • through the glass door
    With new tools available to dig up information on people and organizations, how should they be used in your analytical process to get a sense ...
  • Algorithms Moving into the Bond Markets
    Algorithmic trading may fairly be said to have conquered the public equities world, although there are still pockets of resistance and related controversies. The robots ...
  • Hedge Funds: Observing the Unobserved Performance
    Two different strands of scholarly research into hedge fund performance produce markedly different conclusions. There is the returns-based approach, which finds that the average hedge ...
  • Private Equity: The Power of Buy-and-Build
    Bain & Co., the Boston-based consultancy, has put out its annual report on the global private equity industry. This report begins with the observation that ...
  • Dry, Drier, Driest 
    By Bill Kelly, CEO, CAIA Association When it comes to dryness there are degrees of gradation, especially when it comes to the most discriminating tastes ...
  • World Currency: Who Needs a Numeraire?
    One startling fact about the new book, How Global Currencies Work: Past Present and Future, is to be found in the index. One would normally ...
  • Will the U.S. Continue to Dominate?
    Elroy Dimson, Paul Marsh, and Mike Staunton have been publishing the following chart in their annual update for some time now and every single year it ...
  • Daniel Kahneman on Intuition
    Behavioral finance is still only a few decades old at this point because the finance industry was a little late to the game in understanding ...
  • The Art of Repetition
    When my wife and I discovered we were having twins I knew my time and energy management skills were going to be put to the ...
  • Animal Spirits Episode 72: Where Were You At the Bottom?
    This week’s Animal Spirits with Michael & Ben is sponsored by YCharts: Mention Animal Spirits and receive 20% off your subscription price when you initially sign up for ...
  • Is It Worth It To Be a Famous Fund Manager Anymore?
    Bill Gross had a surprisingly candid interview with Robin Wigglesworth of the Financial Times this week. Multiple times he mentioned his desire for fame as ...

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