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Two researchers argue that the Social Security Administration is using outdated methods to project longevity and therefore understates the system’s shortfall by two years.
How to Help Clients Avoid Holiday Financial Faux Pas
Ally Bank is here to get your clients through the holidays, with the help of ethicist and humorist Randy Cohen.
3 Problems With Buffett’s Higher-Tax Arguments
Buffett is part of a misinformed constituency that believes high-income earners aren’t paying enough taxes.
3 Scenarios for Bonds if Bernanke Leaves: Pioneer’s Wardwell
If Bernanke leaves the Fed, would rates rise? Pioneer's Sam Wardwell explores the implications for fixed-income investors and advisors.
BP to Pay $4.5 Billion in Gulf Spill; SEC Levies Huge Penalty
British oil company BP agreed Thursday to pay $4.5 billion to the U.S. in fines and other charges, including $525 million to the SEC–the third largest penalty ever assessed by the SEC–over the oil spill in the Gulf of Mexico.