Time to put on my myth busting cap again. This time, it looks like the USA is turning into Rome. But probably not. This is a comparison we almost always [ … ]
Category: Myth Busting
(Popular Myths of the Economy and Markets….BUSTED!
THE 1987 MYTH….
It’s not unusual to see the 1987 market crash bandied about supporting extreme claims. This outlier event is often misrepresented by bears who are trying to prove why a certain [ … ]
18.3%….
What if I told you this number proved that the current malaise isn’t as bad as we all make it out to be?
YOU NEED TO PAY HIGHER TAXES SO WE DON’T BECOME GREECE OR ITALY
Another myth that hurts Americans….
DEBUNKING RON PAUL’S TALKING POINTS
Ron Paul is one of the truly honorable and honest men in Congress. I doubt that there are many in power who want better for this country than he does, [ … ]
IS THE FED OVERPAYING FOR BONDS?
One of the many myths which appears to persist around QE2 is the idea that the NY Fed is massively overpaying for bonds which would, in effect, amount to a [ … ]
IS SOCIAL SECURITY A PONZI SCHEME?
This evening’s Tea Party Debate in Tampa Bay is once again running into the whole “social security is a ponzi scheme” argument as Rick Perry and Mitt Romney go after [ … ]
THE RECENCY EFFECT – 2011 IS NOT 2010
We have a tendency to believe that the market’s recent actions are likely to repeat themselves even though the market is a dynamically adapting non-linear system. You see it on a daily basis in the markets. The only problem is that it will almost always lead you astray.
BUFFETT’S BANK OF AMERICA DEAL
I’ve spent quite a bit of time in the past discussing the world’s most misunderstood investor. This folksy old man from Nebraska doesn’t lurk like a lion in the shadows waiting to pounce on his prey. No, he just comes up and gives you a nice big “hug” as the someone described the B of A deal.