Ignore the News, Part 2

Many participants, however, thought it unlikely that the data available in June would provide sufficient confirmation that the conditions for raising the target range for the federal funds rate had been satisfied, although they generally did not rule out this possibility. This big story from Business Insider, as shown above, is that a fed rate… Continue reading Ignore the News, Part 2

The Rolling Hoax

Rolling Stone, an increasingly irrelevant relic of the Baby Boomer generation that found itself in hot water in 2014 over fabricating a story about rape at the University of Virginia that wrongly implicated a fraternity house, is taking a second round of beating for refusing to fire anyone involved in the hoax. The coverage of… Continue reading The Rolling Hoax

The Daily View: Stocks Surge, Hillary, Religion, Paul Tudor Jones

Another big day for stocks. The major indexes rose 3% for the week thanks to the fed’s pledge to not raise interest rates, even as the fundamentals of the economy remain sound. Since early 2014 or so, the news cycle has become so moribund that the media has to invent scandal and outrage where none… Continue reading The Daily View: Stocks Surge, Hillary, Religion, Paul Tudor Jones