My Two-for-Tuesday morning train WFH reads: • People Fear a Market Crash More Than They Have in Years Stocks could well rise despite investor worries, the economist Robert Shiller says, but this is a high-risk moment. (New York Times) see also...
    Josh and I have a chat about our 2020 election bet – who will win, what will happen afterwards. The post Our Election Bet appeared first on The Big Picture. (Source)
My back to work morning train WFH reads: • ‘Our Recent Performance Sucks.’ Here’s Your $10 Billion Back. A value investor who used to have a great record just called it quits. Maybe that means bargain hunting for stocks is about to make a comeback—but don’t hold your breath....
Mediocre SPAC Returns Shouldn’t Be a SurpriseThe latest Wall Street craze puts Sturgeon’s Law to the test. Bloomberg, October 22, 2020     There has been increasing focus on the poor performance of a newly popular Wall Street product called special-purpose acquisition vehicles, or SPACs. My Bloomberg Opinion colleague Nir Kaissar dived...
A Broken Census Can Break DemocracyThe census is best known for determining how we the people are represented. But it also quietly defends our democracy from deeper problems.Bruce Bartlett, The New Republic October, 19 202     As the 2020 census winds down, it’s important to remember why it matters and...
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • How Trump Sealed the GOP’s Suicide: It didn’t have to go this way—with the GOP becoming a cult of personality suffused with authoritarianism. (The Bulwark) see also  This is not normal A guide to what the next...
I’ve had an old SL, and a newish SLK, and have almost purchased other cabriolet’s from Mercedes Benz. The CLS was an intriguing sedan, the new S Coupe is quite lovely, and the GLE was test driven and briefly considered (we ended up with the BMW X4). And...
The weekend is here! Pour yourself a mug of Le Mans coffee, grab a seat where you can see the leaves turn, and get ready for our longer form weekend reads: • Psychology, Behavior & Markets “Human nature is the last arbitrage.” Despite all the facts, figures, and statistics,...
This week, we speak with Ray Dalio, founder and Chairman of Bridgewater Associates, the world’s largest hedge fund. Dalio is known for his practical yet unconventional understanding of economics, which he spells out in his video “How the Economic Machine Works.” He’s also of several macro books on...
Succinct Summations for the week ending October 23rd, 2020 Positives: 1.  Markets find their footing as stimulus talks continue;2. Jobless claims fell 55k w/o/w from 842k to 787k.3. Housing market index stands at 85 for October, above expectations.4. Existing home sales came in at 6.540M in September, above expectations.5. PMI...