Archive for January, 2008

  • This Is Why I'm Not a Trader
    , January 22nd, 2008 at 12:48 am

    Warning: The F bombs reach Big Lebowski levels. Welcome to the world of futures trading. I’ll try to translate what’s going on. It looks like [...]

  • This Is Why I’m Not a Trader
    , January 22nd, 2008 at 12:48 am

    Warning: The F bombs reach Big Lebowski levels. Welcome to the world of futures trading. I’ll try to translate what’s going on. It looks like [...]

  • Myths About Recessions
    , January 21st, 2008 at 8:17 pm

    In the Washington Post, Kevin Hassett looks at some myths about recessions. Here’s a sample: 5. There is a regular business cycle. In a pair [...]

  • Dow Futures -520
    , January 21st, 2008 at 7:48 pm

    Although the market is closed here in the U.S., index futures are traded in foreign markets. At one point, the Dow futures were down 520 [...]

  • MLK Day
    , January 21st, 2008 at 11:20 am

    Here’s a fascinating interview of Martin Luther King from 1957. If the interview was done after January 15, then King was just 28 years old. [...]

  • "Good Thing It's a Holiday"
    , January 21st, 2008 at 10:01 am

    That’s the red-fonted headline at the Drudge Report. It’s true, foreign markets are taking a beating today. The New York Times reports: NEW DELHI — [...]

  • “Good Thing It’s a Holiday”
    , January 21st, 2008 at 10:01 am

    That’s the red-fonted headline at the Drudge Report. It’s true, foreign markets are taking a beating today. The New York Times reports: NEW DELHI — [...]

  • The Super Bowl Point Spread
    , January 21st, 2008 at 12:38 am

    Vegas sure doesn’t waste time. The Patriots are 13 to 14 point favorites. But what I find interesting is that Vegas admits that this is [...]

  • Studying the Sex Biz
    , January 20th, 2008 at 7:31 pm

    From the Economist: Almost half of the (New Orlean)’s arrests for prostitution take place in just 0.3% of its street corners. The industry is concentrated [...]

  • Weekend Reading
    , January 19th, 2008 at 1:27 pm

    Here are two articles you might enjoy: You know how the world is running out of oil? Well, it’s not. Also, capitalists are saving the [...]

  • Erin Burnett on Conan
    , January 18th, 2008 at 4:54 pm

  • The Dow Hates Bush?
    , January 18th, 2008 at 4:21 pm

    Megan McArdle writes: I’m surprised to see Mark Kleiman linking to this piece of silliness, which purports to “prove” that the Dow has fallen by [...]

  • Zimbabwe Introduces $10 Million Bill
    , January 18th, 2008 at 10:21 am

    The government of Zimbabwe is rolling out a $10 million bill for the purpose of…stemming currency shortages. The $10 million bill is worth about $4 [...]

  • Discover’s Horrible Spin-Off
    , January 18th, 2008 at 10:05 am

    Last month, Morgan Stanley’s CFO, Colm Kelleher, said “If you were to normalize our business and take out this $9.4 billion charge, you would see [...]

  • CEO of the Princeton Economics Department
    , January 18th, 2008 at 6:31 am

    Notice that GS ticks down a penny when she mentions it, then up a penny when he corrects her. Score one for EMH. (Via Mankiw)

  • Quote of the Day
    , January 17th, 2008 at 5:57 pm

    Ben Bernanke on growing up Jewish in South Carolina: Being a member of a minority taught him about discrimination and prejudice. “There was more than [...]

  • Dow -309.95
    , January 17th, 2008 at 5:23 pm

    Wow…that sucked.

  • The Ballad of Jim Cramer
    , January 17th, 2008 at 3:30 pm

    That’s really good. I like the catchy tune.

  • The Bond Bubble Grows
    , January 17th, 2008 at 2:08 pm

    The five-year T-note (^FVX) is under 3% today. Six months ago, it was going for 5%. Notice how you never hear the media talk about [...]

  • Earnings from Amphenol and Clarcor
    , January 17th, 2008 at 11:20 am

    Two earnings reports from Buy List stocks to pass along. Amphenol (APH) had a great report but the stock is pulling back this morning. For [...]