Submitted by The Capital Spectator
It’s said that investors learn more from their mistakes than their successes. If so, most of us are a lot wiser today compared with a year ago. If so, much of the progress in controlling cognitive bias relates to understanding risk. Such insight doesn’t come easy, nor does it insure success […]

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Submitted by CARPE DIEM
 
Economist Steven Landsburg made the “case for foreclosure” in Slate.com, and was featured in this CD post on Tuesday.
Writing in today’s IBD, columnist Robert Samuelson makes a convincing case for falling home prices as the solution to the country’s housing problems:
Gloom. Doom. Calamity. Home prices are tumbling. We’re bombarded by somber […]

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Submitted by CARPE DIEM
 
Despite all of the political rhetoric about “tax cuts for the rich” and the “middle class squeeze,” a recent analysis by the Tax Foundation shows that federal income taxes have fallen for groups at all income levels as a result of the Bush tax cuts, compared to the 1999 tax rates under […]

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Submitted by CARPE DIEM

WASHINGTON — The number of U.S. workers filing new claims for unemployment benefits fell more sharply than expected last week, a rare sign of resilience in the labor market this year. The four-week average of new claims, which economists use to smooth out weekly volatility, fell by 1,500 to 359,500, the second-straight […]

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Submitted by CARPE DIEM

Visit 1800blogger to see all of our industry leading blogs.

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Submitted by CARPE DIEM
The world’s 25 richest billionaires:

Forbes released its report today on the world’s billionaires, see the top 25 above (click to enlarge). Note that Indians represent three of the six richest people on the planet, and four of the eight richest people, compared to only two Americans. Of the top 25 richest people […]

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Submitted by Econbrowser
In a recent paper, David Greenlaw, Jan Hatzius, Anil K Kashyap, Hyun Song Shin exposed us outsiders to the inside workings of those estimates we see of how the credit crunch affects output. The paper, entitled “Leveraged Losses: Lessons from the Mortgage Market Meltdown”, was widely covered ([1], [2], [3], Calculated Risk, Big […]

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Submitted by A Dash of Insight
Each month market participants wait with bated breath for the payroll employment report.  No other piece of government data gets more attention.
This month, the significance is even greater.  Many see employment changes as the true indicator of potential recession conditions.  There will be plenty of commentary  — all delivered in […]

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