Carneades

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May 2009
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A reliably critical assessment of financial markets, the political circus, and society


With 2010's first month of trading in the record books, the perennial references to "The January Barometer" are being espoused ad nauseum, and throughout a variety of media outlets. In a January 29th WSJ article - "January Proves Tough for Stocks" - the venerable newspaper makes the following statement:

"History suggests that a weak January performance is a... read more

Posted on 16:37, January 30, 2010

This weekend, as I found myself inundated in quantitative finance problem sets, I decided it might be worthwhile to apply some quant methods to real estate. After all, we're in the midst of a recession whose numerous causes - and/or exacerbating factors - include a multi-year decline in median home prices across virtually every geographical market.... read more

Posted on 18:46, January 23, 2010

As Washington continues to micro-manage various industries via royal decree, it is becoming increasingly evident that Congress is afflicted by some combination of the following conditions:

Ignorance of industry specific business modelsAn inability to read financial statementsWillful disregard of #'s 1 and 2Delusions of grandeurNow, I will readily admit that... read more

Posted on 11:57, December 29, 2009
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