Monthly Archives: May 2016

Silly Season Starts, But Hillary Still Wins…

We are into silly season for the election.  We “could” be having a substantive national conversation about the Senate races.  But that’s a more-than-two-horse race and requires explanation.  Besides, when was the last time we actually had a “substantive national conversation?”  So … Continue reading

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Why the Market Might Go Up? Even with Vegans Starving in a Butcher Shop.

The operative term here is “MIGHT.”  This is about exploring a scenario, not making a prediction.  The S&P500 has been wandering around between 2000 and 2100 for the last year.  With notable breakdowns in August 2015 (ChinaMacroOil blurk!!!) and January/February 2016 (“The Davos … Continue reading

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Hard Costs Hardly Understood. Financialization’s Costs Pile Up on the Soft Side. Until They Spill Over.

Goldman Sach’s unofficial motto used to be “Long-Term Greedy.”  There’s a lot to commend that as a business philosophy.  It implies some immediate restraint in service of longer-term gains.  But like most artful things, that nuance got lost as “financialization” crept … Continue reading

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