A hundred bucks isn’t really a hundred bucks in this country – at least not when you go to actually spend it on something. In San Francisco, for example, $100 only gets you $83 worth of stuff. This research has implications for the way we collect data to try to understand the national economy. The reality…

The pendulum always swings too far in both directions. I would tell you the ratio of passive fund inflows to active fund inflows over the last few years but I can’t because the latter category would be a negative integer. Instead, I’ll just tell you that almost 100 cents of every dollar has gone into…

Athens exploded into violent protest late in the day

“the market knows how slow the Fed will be in raising rates, after all, it’s been 9 years since they last hiked rates.”

I’m a few days late on this but I have a valid excuse (see here). Anyway, Kris and I are flipping out over the two extended-length trailers for The Walking Dead that premiered at ComicCon this week. First, a look at Season 6, which doesn’t air until October: But then, perhaps more importantly, our first real…

Michael Hartnett is out with his latest Fund Manager Survey for Bank of America Merrill Lynch and it’s, well, something else. According to the survey, conducted among 149 participants with $399 billion in AUM from July 2nd through July 9th, cash levels in fund manager survey (FMS) portfolios have hit 5.5%. So does this mean…

“Europe is unwilling to allow Syriza a face-saving compromise, even if that means Greece collapses and the rest of Europe suffers”

Pretzel logic from Goldman Sachs