The Budgeting Can Kicks Washington Back
A slew of Nobel-winning economists join hundreds of other VIPs demanding honest budgeting in Washington.
Reinhart, Rogoff to Krugman: Stop Scapegoating Us
Carmen Reinhart and Ken Rogoff sent Paul Krugman a letter over the weekend decrying what they called his “spectacularly uncivil behavior.”
Don’t Let Elderly Die Without Paying Their Bills: Kotlikoff
Economist Laurence Kotlikoff, who's advising on upcoming legislation on how to recalculate U.S. debt, says, “Rich older people need to pay more in taxes and consume less.”
Cup of Joe: Starbucks. Financial Advice. Together at Last
United Capital CEO Joe Duran wants financial advice to be as reliable as Starbucks.
Oops! Reinhart-Rogoff Research Tripped Up by Typo
A simple Excel spreadsheet error punches a hole in a highly cited economic paper by Carmen Reinhart and Kenneth Rogoff that has been used to bolster policies favoring restraint in government spending.
DoubleLine’s Gundlach Crushes Notion of Great Rotation, Bond Bubble
The Fed and the U.S. Treasury clearly don’t want any customers outside of central banks and active traders like himself, DoubleLine CEO Jeffrey Gundlach says.
Price Forecasts in the Media: a Lousy Way to Invest
“I often hear advisors say their clients are contrarian indicators,” Richard Peterson of MarketPsych says, warning advisors to calm clients' primal buying and selling urges.
The Fox and the Hedgehog
I’m a big fan of books that help us cut through the noise of our current information overload to better understand how we got where we are and how to do better in the future.
Houston, We Have a Spending Problem—News Analysis
Across-the-board spending cuts set to begin this week are an opportunity to be embraced, not a horror to be avoided.
Social Security’s Old Forecasting Method Hides New Time Bomb, Researchers Say
Two researchers argue that the Social Security Administration is using outdated methods to project longevity and therefore understates the system’s shortfall by two years.