Is This the Top? Photo: Doug Tengdin After graduating from college, my best friend and I went off on separate career paths. I moved to Washington to analyze data and build economic computer models for the government, while he tramped around the mountains and streams of [...]
Dear Friends: It took a few months to work out the kinks, but the Global Market Update is back – only under a new name and new management! It’s called the World Market Update, and I am the sole owner and proprietor. I will be producing [...]
Where did the idea of efficient markets come from? Photo: Gerd Altmann. Source: Pixabay. One of my first jobs in finance was as a bond-market trader for a regional bank. I would buy and sell Treasury bonds, futures, and options all day. My job was to [...]
Is the price always right? Stop me if you’ve heard this one: a couple of economists are walking along a quiet avenue; one of them stops to pick up a $20 bill just sitting on the sidewalk. “Don’t bother picking it up,” one says. “It has [...]
