Pardon the dust (it’s a good thing you have that N95 face mask handy)! A lifetime ago, I had a blog named “fling93 loves fishies.” I’d like to think that it was much better than the rather hastily-chosen name indicates, as I prided myself on my measured arguments backed with thoughtful reasoning and quality sources.… Continue reading Under Construction →
I found Peter Zeihan’s The Accidental Superpower to be a very interesting, informative, and entertaining book. It seems to be a great introduction to geopolitics, especially with its awesome maps. The first half of the book is brilliant, describing the geographical advantages that led to America’s rise. As he describes in the book, most of his… Continue reading Review of The Accidental Superpower →
Well, inflation involves a currency losing value. So, in one sense, inflation is bad for any security denominated in that currency because the buying power of that amount of money decreases. In regards to why some stocks react very negatively to inflation news, this has more to do with expected interest rates. The institution tasked… Continue reading Why is inflation bad for stocks? →
Odd Arne Westad’s The Cold War is simply a must-read for anyone who wants a better understanding of the world today. Despite having lived through the Cold War — and as someone who probably pays closer attention to current events, world politics, and history than your average American — there was a lot here that… Continue reading Review of The Cold War: A World History →
In my experience as an investment professional who relies heavily upon the accuracy of my news sources, they are two of the least biased sources. I have a bit more experience with Reuters since my employer bundles it into our market data application, but I have never run into had any bias or accuracy issues with either source… Continue reading How biased is Reuters or Associated Press? →
Ever noticed how political debates in the U.S. these days tend to be two sides shouting and hurling insults at each other? Do you want to do something about it? Well, the first step is to be able to understand what you believe and why. If your only reason is that your party supports it,… Continue reading How I define Conservativism and Liberalism →
As I see it, the main cause was systemic, namely the securitization of mortgages (e.g., CDOs). This means mortgages being repackaged by lenders and resold to other investors who wanted the income from the monthly payments. This was first done in 1970 by the Government National Mortgage Association (GNMA or Ginnie Mae), but securitization didn’t really start taking… Continue reading The Causes of the Financial Crisis →
It boils down to two main reasons: The problem is extremely difficult. The field of macroeconomics has been corrupted by politics. Regarding the first problem, it’s an issue of complexity. Just like molecules do not act like sums of atoms (and thus chemistry bears little resemblance to physics), humans do not act like sums of… Continue reading Why Can’t Economics Accurately Predict the Timings of Recessions? →
The easiest and most painless way to save money is to simply save 100% (or at least most) of every raise that you get. It is much easier to maintain a lifestyle at a certain level of spending than it is to reduce your spending. This also goes for if you are a college or… Continue reading What Are the Best Ways to Save Money? →
I consider All the Devils Are Here to be the best book on the financial crisis I have read so far, edging out Nouriel Roubini’s Crisis Economics and significantly better than Michael Lewis’s excellent Big Short. Roubini excels more at explaining more of the economics in systemic big-picture terms and also laying out reform proposals… Continue reading Review of All the Devils Are Here →
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