March 2011
14 posts
In Which These Are The Hundred Greatest Novels -... →
Broken Window Fallacy
via Pointsandfigures.com.
Don’t get excited about US prospects for growing our GDP on the back of the Japanese disaster.
Some commentators are breathless about the prospects of US industry exporting goods to Japan. Steel, agricultural products, cement, heavy equipment and plastics. O boy, you can see them salivating. They shouldn’t be excited.
A long time ago, 1946, Henry Hazlitt wrote a...
Black Swan events
From Barry Ritholtz at Ritholtz.com.:-
Every time there is a major crisis, I get asked “What should investors do Now?”
My answer is always the same:
The time to look for the emergency aisles and where the exits are located is before takeoff, not after the wings fall off the plane. You must have a plan in place to deal with unanticipated events, a just-in-case things head south scenario.
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50 Amazing Photos That Will Take Your Breath Away →
On tap for today
7:00 MBA Mortgage Applications 9:30 Hearing: FY’2010 Government Finances 10:00 Wholesale Trade 10:30 EIA Petroleum Inventories 1:00 PM Results of $21B, 10-Year Note Auction 1:30 PM Hearing: Treasury Budget (Geithner)
7:00 AM ET. Mar 4 MBA Mortgage Applications Survey Market Composite Index (previous 445.1) Market Composite Index Cur Chg (previous...
On tap for today
7:30 AM ET. Feb NFIB Index of Small Business Optimism Small Business Optimism Index (previous 94.1) 7:45 AM ET. Mar 5 ICSC-Goldman Sachs Chain Store Sales Index Chain Store Sales Index - WoW (previous -0.5%) Chain Store Sales Index - YoY (previous +3.3%) 8:55 AM ET. Mar 5 Johnson Redbook Retail Sales Index MoM % Change...
On tap for today
7:00 AM ET. Feb 25 MBA Mortgage Applications Survey Market Composite Index (previous 476) Market Composite Index Cur Chg (previous +13.2%) Purchase Index (S.A.) (previous 184.1) Purchase Index (S.A.) Cur Chg (previous +5.1%) Refinance Index (previous 2177.2) Refinance Index Cur...
