The Coming Super-Crash in NASDAQ? The Global Population Implosion and the Decline of Stock Markets
I guess you noticed the swoon last week in the NASDAQ. I’m not bright enough to figure out where it goes next in the short-term. But I do have a couple of ideas about what will happen in the longer-term. The beauty about long-term guesses is that if I’m wrong, I won’t be around to […]
Business Acumen and the Bitcoin Bubble
The Guardian newspaper in the UK just published an article “Is Bitcoin about to change the world?”. When I see articles like that, it’s a big red flag; like appearing as Man or Woman of the Year on the cover page of Time magazine, which seems to always come before a fall The price of […]
The Emergence of Commissar Capitalism? – JP Morgan and the Settlement
We have all read that J.P Morgan has just agreed to pay $13 billion to the Feds for its transgressions during the financial crisis. I think that this is a just decision, otherwise I don’t think JP Morgan would have agreed to it. But there are some aspects of it which really worry me. For […]
The Fed “Taper” – Never Let a Good Deed Go Unvarnished
The Fed has shown itself to be very innovative, with its various programs to try to grow the economy. But in inventing the taper I believe that they have surpassed the already high bar they set with QE3. I think that their innovative usage of the term “taper” has expanded the creative possibilities of literature, […]
Does an MBA mean less profitability?
OK so I know this is heresy. An MBA is supposed to mean you are very sophisticated in business and of course you will make more profits right? So how come all the MBAs, quants, and Nobel laureates in economics and finance in Wall Street almost capsized the Western financial system in 2008? And LTCM […]
Modern Economics Doesn’t Work?
Perhaps it’s appropriate to start this blog with a recent speech from the famous investor George Soros. My research over the past few years has been about behavioral economics and finance and its role in leadership. The implication of my theory is that modern economics, no matter its elegant frameworks and ideas, just doesn’t work. […]