In most all things, I try to follow Hanlon’s (or Heinlein’s) Razor: “Never attribute to malice that which is adequately explained by stupidity.”
This is particularly important to remember when looking at polls, Sometimes, however, one must wonder.
As I pointed out yesterday, the result of Romney’s “really bad week” was that Romney had gone from 5 or 6 points behind in Gallup, to essentially tied. Even so, a number of people have noted that there [...]
From Dr. David Eifrig in Retirement Millionaire:
If Treasury bonds are such a terrible deal… why would so many investors load up on them?
The simple answer is fear and how our bodies’ natural reaction to stress can be fatal to our investments.
One of the hardest parts about investing is realizing how powerful your brain is… and how our primal impulses work against our best interests and limit what’s possible.
Recent neurological research shows [...]
So, the big question is – how do you solve the Spanish crisis? In fact, how do you solve the whole euro crisis?
The simple answer is, first, I don’t think there is anything much more Spain can do. Second, the solution to Spain’s dilemma is, I believe, the solution to the euro problem.
Unfortunately, it still appears as though Europe’s top policymakers – that is, the Germans – are trying to “muddle [...]
BERLIN (AP) — Germany’s finance minister is rejecting talk of a possible application from Spain for the eurozone’s bailout fund to buy the struggling country’s bonds, a newspaper reported Saturday.
This week, European Central Bank head Mario Draghi promised to do ‘‘whatever it takes’’ to preserve the euro. The German and French leaders then said that they were ‘‘determined to do everything to protect the eurozone.’’
Neither mentioned any specific action. But [...]
Many Americans are furious that Obamacare will require them to buy health insurance.
Most of these folks seem to hate the idea that Obama is forcing them to do something more than they hate the idea of shelling out money.
But for those who also care about the money, here are the details.
The good news is that, for most people, the “penalty tax” for those who choose not to buy health insurance [...]
From Gonzalo Lira:
A lot of people — and I am one of them — claim that personal and business freedoms are being eroded as never before. They show as evidence the roll-back of civil liberties, the over-regulation of business, the insistence on “compliance” by the various security agencies of every little rule, no matter how trivial—in short, the over-regulation of American life.
They are right: The U.S. government is guilty of [...]
On a day when Lagarde happily trots out statement after statement that the IMF has another bucketful of promises to solve the world’s excess debt problems with its own debtors providing more of the wealth-creating debt in ever-increasing circles of ridiculous indebtedness, we may have found the perfect antidote. Perhaps, given the weakness in European sovereign markets this week, bond market investors have already watched the following presentation. Explaining in simple terms [...]
Financial Clearing Houses: The Next Casualty Of The Crisis?
Jan 16 (Reuters) – Clearing houses — the plumbers of high finance – could become the next casualties of the crisis as regulators insist that banks run their riskiest and private trades through them.
At the moment banks conduct over-the-counter trades between themselves: one to one dealings often involving multimillion-euro bets on differences in interest or other rates, the scale and complexity of which can be [...]
Do I correctly feel a ponzi at work in the heart of the world’s largest banking system?
No! It’s all good, Bernanke is obviously not alone, he has found his true roll model at last.
Leland Miller: The Crisis Ahead for China’s Policy Banks
With these robust numbers, China’s policy banks are either the best-run banks in the world, unusually lucky, or else their financials utterly fail to reflect the banks’ underlying exposure. [...]
THE Red Cross is investigating whether 600 million gamers are violating the Hague and Geneva conventions when they kill and blow stuff up for fun.
Delegates at the 31st International Conference of the Red Cross (ICRC) and Red Crescent raised the concerns over the potential “International Humanitarian Law” violations – which can constitute war crimes – during a workshop in Geneva.
“Exactly how video games influence individuals is a hotly debated topic, [...]