As markets have evolved over time and financial theories have progressed humans have become increasingly confident in the systems we create and the world we live in.  Entire generations of [ … ]

There is increasing chatter of the great “bond bubble” as U.S. Treasury bonds surge ever higher and deflation fears rise. This is just one more myth that has persisted in [ … ]

The following comes from an excellent new paper from the Fed.  The paper describes the myth of the money multiplier and is an absolute must read for anyone who is [ … ]

I’ve spent a great deal of time in the last few months describing why the Greek crisis was much larger, more complex and a greater risk than anyone assumed. As [ … ]

1) Milton Friedman famously opined that the Euro would not survive its first major financial crisis.   I just can’t help but wonder if Friedman was correct about the Euro being [ … ]

I’ve long argued that most valuation metrics are fraught with pitfalls that the average investor too often falls for.  What is often described as “value” is too often a bloated [ … ]

FIN Alternatives is reporting that Burton Malkiel is starting a China based hedge fund.  The author of A Random Walk Down Wall Street is famous for blasting active portfolio management [ … ]

Do you think you have to diversify?  That small caps are always better?  That earnings drive stocks?  That the FDIC can protect you?  That bubbles can be unwound slowly?  This [ … ]