We'll just keep this thread going as the headlines on trade roll in:
Wednesday, May 23, 2018
In Don Boudreaux's reply (below) to a concerned reader he makes the point that I find myself making over and over again to family, friends and business associates about the likes of Warren Buffett, Bill Gates, Mark Zuckerberg, Wilbur Ross and other famously successful people in their chosen fields: That is, having mastered the art of, say, locating and buying undervalued companies, technological innovation, social media or spanning the globe in search of distressed debt to buy, does not, in any way shape or form, make one a great, good, or even mediocre economist. Fact is -- based on notions these gents have passed along over the years about taxation, regulation, universal income, trade and per below the relationship between technology and employment -- they are at times profoundly bad economists.
Tuesday, May 22, 2018
Monday, May 21, 2018
Sunday, May 20, 2018
Seems like I'm getting more emails lately with folks forwarding often pithy analyses of why some data point spells imminent doom for the economy and, by default, for the equity market. Problem being, the last few have featured, as I just hinted, merely one data point.
Saturday, May 19, 2018
The spirit of this headline -- as opposed to the words themselves -- is good news for the equity market.