The Deipnosophist Living and Learning with Investment Advice TipRanks was not started as a labor of love. It was actually a labor of frustration. Back in the day, CEO Uri Gruenbaum was a software engineer from Tel Aviv, Israel managing large scale national technology projects. He also was a part-time investor.
I received startling news this week that an esteemed colleague had suffered a massive heart attack on Sunday. Only in his late forties, he'd apparently tip-toed on the precipice of eternity. The ICU nurses mentioned that when he'd arrived, it appeared to be a 90% chance-of-fatality case. Doug Ross @ Journal - 75% snark-free diatribes on politics, technology & security
Published on March 4, 2009 at 7:16 pm One of the interesting effects of the turmoil in financial markets since September involves the level of implied inflation expectations embedded within the market prices for Treasury Notes and Bonds. This is a very interesting development given the Federal Reserve’s accommodative monetary policy and the large deficit financed spending plans proposed by the Obama Administration. The United States Treasury issues traditional notes and bonds that are not inflation protected as well as inflation protected securities (TIPS). Regular Treasuries pay interest in nominal terms while TIPS pay a real rate of return and principal is adjusted based on actual inflation. Purchasers of TIPS are locking in a real return while those who buy regular Treasuries are locking in a nominal return and are accepting risk of inflation eroding their principal. Inflation Expectations | The Rational Walk
Island hopper's diary
The other day someone — I don’t remember who or where — asked an interesting question: when did it become so common to disparage anyone who hasn’t made it big, hasn’t gotten rich, as a “loser”? Well, that’s actually a question we can answer, using Google Ngrams, which track the frequency with which words or phrases are used in books: Sure enough, the term “losers” has become much more common since the 1960s.
HongKongMacro "If the US experiences a recession, might that not be good for China's exports? After all, China exports low-priced goods, and US households may consume more of these during a recession" - DuOo You raise a good point. During a recession, consumption of luxury goods falls dramatically, while consumption of necessities may barely change.
To divert attention from the disastrous rollout of his health reform, President Obama has decided to change the national conversation to discuss increasing inequality. This phenomenon is not new--the trend started about four decades ago--but it is real and important. In case you are a new reader of this blog, you can find my personal views on the matter in this paper.