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
Joe Romm draws our attention to the third slice of the latest IPCC report on climate change, on the costs of mitigation; the panel finds that these costs aren’t that big — a few percent of GDP even by the end of the century, which means only a trivial hit to the growth rate. At one level this shouldn’t be considered news. It has been apparent for quite a while that given the right incentives we could maintain economic growth even while greatly reducing greenhouse gas emissions.
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.
Over the past few decades, there has been an amazing shift in how businesses are taxed. See the figure below, which is from CBO. Businesses are more and more taxed as pass-through entities, where the income shows up on personal tax returns rather than on corporate returns.