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Monthly Archives: April 2015
Reno shows and cheap credit compound price risk in housing
We humans are like crows–easily distracted by shiny stuff. As always, the factor that most determines whether an asset ends up being accretive or not is the price we pay to acquire it. Lax lending and low rates make present … Continue reading
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Jon Oliver on the truth about impossibly cheap clothing
Warning some profanity in this clip…listen at your own discretion. Excellent connection of some dots here. Trendy clothes are cheaper than ever. That sounds great for the people who buy them, but it’s horrible for the people who make them. … Continue reading
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Michael Lewis on the farce of this week’s “spoofing” arrest
This week’s “spoofing” arrest of a home-based trader in England accused of causing the May 2010 flash crash, insults the intelligence of anyone who pays even a passing attention to the rampant deceit and rigging so dominate in our much … Continue reading
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