- DDI: "'Fatal Risk - A Cautionary Tale of AIG's Corporate Suicide' is the best book on the financial crisis"
- CBS: Review of The Bed of Procrustes: Philosophical and Practical Aphorisms by Nassim Taleb
- CBS: Review of Petrolia: The Landscape of America's First Oil Boom by Brian Black
- Stocks above 20-day moving average is now 84%. This has been an incredible straight-line rally.
- Consumer discretionary stocks are close to a post-2008 high.
- "If you go back to the concept that the Internet is not proprietary and use COMMON SENSE (which seems rare in frothy markets, especially if you are too scientific to risk inferring things), you would have realized the danger immediately."
- Bonds: "I went to find this “surge” in yields or “collapse” in the bond market and I had to pull out the trusty magnifying glass again."
- Economist: "to fully fund state and local pensions within 30 years, contributions will have to more than double. That translates into a tax increase of $1,398 per household per year, with five states (New Jersey, New York, Oregon, Wyoming and Ohio) requiring an increase of more than $2,000 a year."
No comments:
Post a Comment