As I mentioned earlier this week, I am actually on a two-week holiday in Simcoe County, Ontario, just 90 minutes north of Toronto.  We went to the Elmvale Jungle Zoo, an amazing place that has a huge variety of animals. It is really a remarkable zoo which I recommend highly.
Just near the end of our [...]

We’re not really hard wired for making money in the markets. We use a lot of gut instincts, heuristics and plain illogic in making decisions.  The result is sub-optimal investment performance. This is the nothing new as the field of behavioral economics has really moved to the forefront of academia with Daniel Kanheman receiving the [...]

Central banks are not the only ones printing money to help get through this financial crisis.  Private citizens are increasingly turning to the printing press to help alleviate their financial problems as well.  My translation of an article from Finanzas, a major Spanish finance website, explains.
A total of 413,000 counterfeit euro banknotes were withdrawn from [...]

During Alan Greenspan’s tenure at the helm of the Federal Reserve, he was often accused of using monetary policy to target asset markets so as to keep the party going.  In short, Alan Greenspan was seen by many, including myself, as the bubble blower-in-chief. All of this came to an end with the very hard [...]

So, things are looking a lot brighter we are told by most economists and policy makers.  The crisis is over and the banking system is on the mend.  Now is the time for true reform and for bankers to get back to business as usual.
While the foregoing may make for nice copy in the mainstream [...]

Submitted by Edward Harrison of the site Credit Writedowns.
During the last generation, the economics profession has veered toward a ‘science’ model of economics and finance. The intellectual underpinnings for this development began with the Efficient Market Hypothesis (EMH) and has continued in no small measure due to what is often termed ‘University of Chicago School [...]

This is an interview in five parts via Morningstar on May 28th with the one-time reputed perma-bear Jeremy Grantham who has been sounding much more bullish of late (in a bear-market rally kind of way).  Definitely worth a look.  The five parts run just over 20 minutes.
Part 1: On dipping a toe back into the [...]

The real lecture begins about 5 minutes through.

Share

You will never hear this term again on Credit Writedowns – not from me, not from Marshall or anywhere else.  I am sick of hearing this phrase and am banning it for good – hoping it goes away and dies a gruesome and painful death.
 
And don’t get sneaky and try putting it in your comments.  [...]

I just finished watching this show called Celebrity Apprentice hosed by Donald Trump.  Why I did is a question for a psychologist. You may be familiar with the show.  It pits two teams of individuals against one another in random tasks, ending in the dismissal of one of the contestants from the losing team.  The [...]