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Estimating Future Stock Returns, September 2016 Update

Idea Credit: Philosophical Economics Blog || I get implementation credit, which is less… read more...

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Redacted Version of the December 2016 FOMC Statement

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Estimating Future Stock Returns, September 2016 Update Redux

Idea Credit: Philosophical Economics Blog || I get implementation credit, which is less…read more...

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Patience and a Little Courage

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A Failure of Insurance Regulation

Credit: Bloomberg || Graph of Penn Treaty’s stock price 2002-2009read more...

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The Rules, Part LXII

Ben Graham, who else?read more...

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Be wary of surrendering liquidity

Photo Credit: darwin Bell || You ain’t getting out easily…read more...

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Who Needs Liquidity Most?

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Distrust Forecasts

Photo Credit: New America || Could only drive through the rear-view mirrorread more...

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Distrust Forecasts, Part 2

Photo Credit: D.C.Atty || Scrawled in 2008, AFTER the crash startedread more...

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Trump and Conflicts of Interest

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Call Me When You Have A Real Insurance Company!

Photo Credit: eflon || The title of the article comes from a comment Greenberg supposedly made to Buffett when AIG was much bigger than Berkshire Hathaway — times change…read more...

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On Human Fertility, Part 5

Data from the CIA Factbookread more...

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Redacted Version of the February 2017 FOMC Statement

Photo Credit: eflon || Ask to visit the Medieval dining hall!  Really!read more...

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The Band Marches On

Photo Credit: Mike Morbeck || On Wisconsin! On Wisconsin!read more...

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Yield = Poison (3)

Photo Credit: Brent Moore || Watch the piggies run after scarce yield!read more...

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Steeling Themselves For Pension Benefit Cuts

Photo Credit: Tony Hisgett || Only 20 years more and I can retire with a full pension!read more...

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Streaking Into the Record Books?

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The Financial Report of the United States Government 2016

Composition of Liabilities 1994-2016read more...

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Two Questions on Returns

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