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Monthly Archives: June 2012
Harmful notions commonly held
A couple of key lines of thought that are naive and harmful to capital yet widely perpetrated. The first is the idea that people have been buying long bonds today for the 1-3% yields. Nope, they have been buying them … Continue reading
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Pimcos El-Erian on synchronous global slowdown
PIMCO’s Mohamed El-Erian talks about the May jobs report the global economy and the “fiscal cliff.” Here is a direct link.
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The math of loss
A client sent me this cartoon. Funny. But also very common to hear this kind of nonsense math from many financial types and “stock-pickers”. When they talk confidently enough… some people actually seem to believe them.
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