The latest issue of Barron’s carries an informative edition of Michael Santoli’s Streetwise column. Santoli points out that despite the oft-discussed rise in U.S. consumption over the last few decades (now roughly 70% of GDP), most of that increase stems from rising healthcare costs. Ex-healthcare, consumer spending has held roughly flat over the past few [...]
Let’s call it like it is: Palin is now a proven quitter. The woman whom supporters affectionately referred to as Sarah Barracuda and a pitbull with lipstick (OK, she put that tag on herself), ostensibly because she is so tenacious, has announced that she is quitting as governor of Alaska on the flimsiest of grounds [...]
Two interesting articles caught my eye in Barron’s. I’ll discuss the first today and follow up with another post on the second. This week’s issue has an interview with Burton Malkiel, the renowned author of A Random Walk Down Wall Street, and a main progenitor of the efficient market theory. Despite the recent events of the [...]
Bill Gross and Mohamed El-Erian, the top honchos at PIMCO along with Paul McCulley, see dim prospects for the US economy. Mohamed El-Erian is CEO and co-chief investor for PIMCO, after Bill Gross and company lured him back from Harvard’s endowment fund. He is also the author of When Markets Collide, a macro look at [...]
This one comes to us courtesy of Reuters’ Business News RSS feed: Bleak payrolls report mauls Wall St; volume thin I don’t think I’ve ever read a headline that said “Stock Markets Surge On Low Volume” — they usually save the low volume part for the fifth or sixth paragraph in the story. But on [...]
