I have a whole chapter in my book, Clash of the Financial Pundits, that explains why we’re so easily lulled into stupidity by economic or market commentators. It boils down to the fact that the world is an uncertain place, so we inherently gravitate toward those who provide us with certainty. It’s how organized religions…
Joshua M Brown
Given the amazing strength in the US dollar over the last six months, the lack of momentum in US (or Chinese) economic data and the effects of the oil crash still lingering, one thing virtually no one is predicting is any kind of comeback for the commodities market. Andrew Thrasher, who studies price rather than…
“Will the stock market rise or fall in the first 6 months after the Fed first raises rates?”
Cool infographic from ecommerce platforms:
Today we are in the dispersion phase. Every experiment is being tried. Many will do amazing things. Most will fail.
What I’m reading this morning
Imagine that – Jay-Z is an underdog for the first time since the late 1990’s… Rich getting richer? Equity values… YouTube $390 billion. Apple $760 billion. Spotify $8 billion. Tidal $60 million. #TidalFacts — Mr. Carter (@S_C_) April 26, 2015 Check Mr. Carter’s Twitter feed for the whole rant. And some more of the backstory…
In general, when you think the future looks worse than the past, you tend not to want to make big investments or put money at risk on new projects.