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Gracie University

Gracie University is the online division of the Gracie Academy.  The Gracie Academy based in Torrance, California is the U.S. home of the Gracie style of Brazilian Ju-Jitsu.  Gracie University is run by the two […]

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Autopsy of the JPM Whale

Last month JP Morgan released the report of a task force set up to explore the huge trading losses suffered last year in its CIO group.  The facts, in brief, appear to be as follows: […]

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GDP, GDP Volatility, and the Forecast

Fourth quarter United States GDP contracted by about $5 billion dollars, which is 0.1 percent negative growth annualized. This is after 3.1 percent growth in the third quarter which was the strongest quarter in 2013. […]

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Anti-Fragility

In early 2007, before the financial crisis hit, author Naseem Taleb published his best-selling book “The Black Swan” in which he argued that extreme events occur more frequently than most of us are trained to […]

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Death Spiral Doesn’t Mean Declining Real Estate Values

Forbes recently ran an article by William Baldwin titled “Do You Live in a Death Spiral State?” In the article, Baldwin calls states with declining economies Death Spiral States. (Confession: I really wish I’d come […]

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California’s population is flat lining. Problems are inevitable.

California has almost achieved zero population growth. According to the California Department of Finance (DOF), California’s population has stagnated at sub-one-percent rates for an unprecedented seven consecutive years. The slow growth was a result of […]

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Gamma

Morningstar has published a research report that purports to show that a properly constructed financial plan can generate a meaningful increase in lifetime retirement spending.  The value added from a plan is referred to as […]

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Jobs and the 6.5 Percent Unemployment Rate

This is a comment on the national November Employment Situation report released last Friday, and I use numbers from the report to calculate when the United States might reach the Federal Reserve unemployment rate goal […]

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Don’t Kill the Golden Goose

A central concept in Modern Macroeconomic theory is that capital stock will be accumulated through the process of saving for the future. A new country, starting with a low capital level, will accumulate capital for […]

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How to really ruin your financial life

Actor, economist, humorist Ben Stein has written an innovative book1 on financial planning.  Instead of telling you what you should do to improve your financial position, Ben tells you 49 things you can do to […]

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Gift of a Lifetime

T. Boone Pickens is famous as an oilman, corporate raider and energy investor.  He is also a graduate of Oklahoma State University (OSU) and an avid supporter of the University and its athletic programs.  Reportedly, […]

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Third Quarter U.S. Economic Growth

The advance estimate of U.S. third quarter GDP was released this morning, indicating that the economy grew at 2 percent. Third quarter growth was driven by private consumption and government defense consumption. Investment expenditures were […]

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