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CHAPEL HILL, N.C. (MarketWatch) — Investors should strongly consider cutting their stock exposure this coming May Day and parking the proceeds in cash until Halloween. That advice comes courtesy of a famous piece of Wall Street folklore that is known by the adage “sell in May and go away.” Unlike most of the other stories investors tell, however, the historical evidence in favor of this one is surprisingly strong. [...] Alameda County supervisors have really taken to heart the adage that government should run like a business — rewarding County Administrator Susan Muranishi with the Wall Street-like wage of $423,664 a year. For the rest of her life. According to county pay records, in addition to her $301,000 base salary, Muranishi receives: – $24,000, plus change, in “equity pay’’ to guarantee that she makes at least 10 percent more than anyone else in the county. – [...] Heading the journalistic adage to “follow the money,” the Washington Post has found that every one out of six of President Obama’s top fundraising “bundlers” who have hauled in $500,000 or more publicly identify themselves as gay. The implications are clear: as Obama’s campaign continued to struggle to haul in large donations, his team needed to fire up his fundraising base by announcing this week’s “evolution” on gay marriage. Indeed, as [...] Echoing a worn adage, Mitt Romney said on Saturday night after conceding defeat to Newt Gingrich in the South Carolina primary that a longer, more competitive battle for the Republican presidential nomination would only make him stronger. “I don’t shrink from competition. I embrace it. I believe competition makes us all better,” Romney told supporters. That’s a standard talking point from a frontrunner who hasn’t yet locked up the nomination. But in fact, the [...]
Dwyane Wade‘s gorgeous girlfriend, actress Gabrielle Union, threw the Miami Heat All-Star a birthday party the other day, and a local car dealership decided to one-up the actress/model by gifting the guard a McLaren valued at nearly a quarter of a million dollars. In other news, I found a five dollar bill in one of my sportcoat pockets on Monday night. Some week! The ancient adage that the richer you [...] From Peter Tchir of TF Market Advisors The Evolution and Recycling of the Debt Crisis Evolution: 2007 was the year of the individual. Largely sub-prime mortgages. 2008 saw the shift from the individual crisis to problems at the bank level 2009 started with banks in full crisis mode, but ended the year with a brief vacation from worrying about insurmountable debt 2010 saw the beginning of the sovereign debt crisis 2011 has seen the sovereign debt crisis [...] by Tony Pallotta of MacroStory.com Breaking Down The Bullish Argument Equity bulls have found solace in the abnormally high bearish sentiment readings. Seems everyone wants to be considered a contrarian. Rather than follow the herd these free thinkers venture out into the cold dark tundra alone and unafraid. They proclaim to the world “huge bearish sentiment to propel the stock market rally.” The great omen of Wall Street is [...] (CBS News) There is an unfortunate adage for the unemployed: The longer folks are out of a job, the longer it takes them to find a new one. CBS News correspondent Ben Tracy reports that the chronically unemployed face the hardest road back to recovery, and that while the jobs picture may be improving statistically on a national level, it is not for them. Tinong Nwachan, for example, has [...] 10 fascinating Facebook facts — and what they say about us 1. 56% of Americans think it’s irresponsible to friend your boss on Facebook A survey released in February 2010 showed the majority of Americans don’t find it socially acceptable to be Facebook friends with their boss. The study of 1,000 people by Liberty Mutual’s Responsibility Project suggests that despite an increasing overlap between our work and home lives, we [...] by fishhook That little video about Bernanke, and Yardini’s take on things, is one of the few I have seen on here with merit. It leads logically once again to the conclusion that thebenbernank needs badly to go!! Bonds have cratered in the aftermath of his insistence on keeping the bond market captive for months more. The fact that bonds have refused to bend to his will is a testament to [...] by fiftyfirststate All these clowns at the Fed can do, is dig a deeper hole for us, our children, our grandchildren, etc. We seem to get a parade of Fed Chairmen who @#$%&! up time and time again. Mr. Magoo (Alan Greenspan) was touted as “the greatest Fed Chairman of all time. A maestro who had all the answers.” Even telling audiences that he, “knew how to avoid future recessions.” [...] |
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Brilliant Discovery In Economics, US Economy Works On Keynesian Policies
via mickeyman from The World Complex blog.
This paper shows the kind of brilliant research that gets done now that economic commentary is only pursued by Ph.D.s.
In this paper, Johansen and Simonsen (2011) come to the surprising conclusion that (spoiler alert!) the US economy operates on Keynesian principles; which differs significantly from its official policy of creating credit whenever a problem appears.
The principal evidence offered in support of the [...]