How to become a Billionaire By Bill Ackman Hedge fund manager Bill Ackman has produced an interesting lecture on finance and investing. It can be found at www.floatinguniversity.com. It is one of twelve lectures on […]
Read moreThe world’s horse population is estimated to not exceed 65 million, while the world’s population of people is estimated at 7.05 billion. We have at least 108 people for every horse. It wasn’t always thus. […]
Read moreI began my career as an economics professor (actually, assistant professor) at the Claremont Graduate School (now Claremont Graduate University). In 1980, I joined with three colleagues at the Claremont Men’s College (now Claremont McKenna […]
Read moreIn his book “Unintended Consequences” Edward Conard1 not only supports the benefits of income and wealth inequality (as described in a previous post (August 7, 2012)), both as an indicator of past successful ventures and […]
Read moreA financial planning rule of thumb that you often hear is that the percentage allocation to safe assets (cash or bonds) should increase with age, and accordingly the percentage allocation to the risky asset (equities) […]
Read moreThe labor department released their monthly jobs report. Today’s release is a report on the employment situation in August. Payroll jobs rose by 96 thousand jobs, driven by private sector job growth of 103 thousand […]
Read moreIn a recent speech Federal Reserve Chairman Ben Bernanke1 spoke of the importance of financial education. People commonly make financial mistakes such as saving too little, taking on too much debt, holding too little life […]
Read moreThe Survey of Consumer Finances (SCF) shows that median net worth for baby boomers (households with head of household aged 55-64 in 2010) was $179,000 in 2010, down from $226,000 in 2007. The median is […]
Read moreFormer Bain partner Edward Conard has published a controversial book “Unintended Consequences”1 in which he provides a positive case for income and wealth inequality and for market solutions to societal problems. His story is an […]
Read moreThe BLS Employment Situation was released today, indicating a job increase that exceeded the expectations of the consensus forecast. This information is based on a survey of employers. The 163 thousand job increase over June […]
Read moreThe BEA released its “advance”, or first, estimate of second quarter GDP today, and it might not surprise anyone that the economy grew more slowly in the second quarter than in the first quarter. The […]
Read moreThe London Interbank Offered Rate (LIBOR) is an index (actually, there are 150 indexes covering 10 currencies and 15 maturities from 1 day to 1 year) that is reported daily by the British Bankers Association […]
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