Archive for June 10th, 2008
Posted in June 10th, 2008
Submitted by A Dash of Insight
At ” A Dash” we are continually amazed at the difficulty in stimulating anyone to re-consider existing opinions. This seems especially true on the subject of measuring inflation. There are plenty of self-proclaimed experts. Taking a step away often helps us shake of biases and get a fresh look at […]
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Posted in June 10th, 2008
Submitted by Businomics Blog
My younger son came home from his summer job as a programmer talking about a bug he had found. The start-up company where he works had been using some code for six months, with occasionally strange results. When Tom found odd results using the code, he reviewed it line by line and […]
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Posted in June 10th, 2008
Submitted by CARPE DIEM
In the study “Economic Inequality: Facts, Theory and Significance” by David Henderson (Associate Professor of Economics Naval Postgraduate School) he makes 5 main points about income inequality:
Although income inequality has increased, it has not increased as much as some economists claim.
Even though inequality has increased, almost all Americans have […]
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Posted in June 10th, 2008
Submitted by CARPE DIEM
The broad U.S. dollar index reach a three-and-a-half week high today, the highest level since February 26 (see chart above).
Read an AP story here.
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Posted in June 10th, 2008
Submitted by CARPE DIEM
There’s been a lot of talk and discussion recently about inflation and fears of future inflation, but not a lot of focus on the main and necessary ingredient for inflation: the supply of money.
The top chart above shows that the growth in M1 has been close to 0% for about the […]
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Posted in June 10th, 2008
Submitted by CARPE DIEM
Wall Street Journal – What do the farm bill, the cap-and-trade global warming bill, the clean water bill, the housing bailout bill, and the school construction bill all have in common? Not much, except that in each one and countless others the Democratic majority in Congress has inserted “prevailing-wage” requirements that amount […]
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Posted in June 10th, 2008
Submitted by CARPE DIEM
Crain’s Detroit Business — In June 2003, high-grade copper sold on the New York Mercantile Exchange for 72 cents per pound. Last week, prices topped $3.55 (see chart above). The cost of copper and other scrap metals has soared over the past five years, driven by world demand that’s outstripped supply
As the […]
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Posted in June 10th, 2008
Submitted by The Capital Spectator
The idea that smaller companies can potentially generate bigger rewards is an old one.
In 1981, Rolf Banz formally introduced the concept of a small-cap risk premium into the academic literature. For the 43 years through 1974, small cap performance left large cap stocks in the dust, his study found.
The news probably […]
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Posted in June 10th, 2008
Submitted by unsettling economics
BusinessWeek published an intriguing article about Japanese automakers boosting domestic investment to expand production in Japan, even though the Japanese market is declining. The Japanese plants will have a competitive edge because they are more flexible and have fewer defects. German companies are also ramping up Japanese production, presumably for similar reasons.
What […]
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Posted in June 10th, 2008
Submitted by Businomics Blog
There’s evidence that those at the upper end of the income distribution are doing much, much better. (The evidence regarding the poor and middle class is much more cloudy.)
Should businesses target the luxury market?
How are today’s rich different from previous rich folks?
I explained it all in the August 2007 issue of the […]
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Posted in June 10th, 2008
Submitted by A Dash of Insight
Taking a helpful suggestion from friends, we have created a special page as a starting point for individual investors. While our audience is diverse, we know from comments and email, that colleagues in the financial management business share our concerns about the challenges and pitfalls for the individual investor.
Please take […]
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Posted in June 10th, 2008
Submitted by A Dash of Insight
Almost anything Warren Buffett does attracts attention. A bet for a million dollars certainly qualifies!
Background
For some time, Warren Buffett has expressed skepticism about hedge fund performance beating the broad market averages. He has frequently offered to bet a million dollars that a basket of ten hedge funds would not beat […]
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Posted in June 10th, 2008
Submitted by CARPE DIEM
The SomethingStore is a new website that will send you something, an item selected randomly among many things from their inventory, for $10 (free shipping in the US) and you will find out what your something is when you receive it.
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Posted in June 10th, 2008
Submitted by CARPE DIEM
Washington Post — Year after year, decade upon decade, the U.S. Senate’s network of restaurants has lost staggering amounts of money — more than $18 million since 1993, and an estimated $2 million this year alone.
The financial condition of the world’s most exclusive dining hall and its affiliated Capitol Hill restaurants, cafeterias […]
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Posted in June 10th, 2008
Submitted by CARPE DIEM
From today’s “The Gartman Letter”: Amidst all of the talk of rising weekly jobless claims being so egregiously large, let us try to put what has gone on thus far in historical perspective: Jobless claims are modest, at worst, compared to past periods of protracted economic weakness. Average weekly jobless claims are […]
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