About a month ago I suggested that investors should think about Dow 20K. While I recommend reading the prior article, the major theme was that the average investor was overwhelmed with negative news, negative media, negative blogs, and a boatload of Dow 5000 predictions. This article updates the thesis and provides a small quiz, especially […]
Few people think like economists or policy analysts. It requires a combination of facts, methodology, and discipline. Let me start with some background and a couple of examples. Policy Impacts Most people have a simple test. They merely want to know what worked. The prevailing standard is some gut feeling about "what is good." A […]
Tomorrow I will head for the Kauffman Foundation Economic Bloggers Forum. The program is very interesting and includes many panelists whom I frequently cite. I look forward to meeting and talking with some blogging colleagues. There is a web link for people who want to keep tabs on the proceedings. Successful Economic Blogging My viewpoint […]
Critical thinking helps in any field. I have the pleasure of participating in a discussion list that explores many issues where critical thinking is a focus. The members have a wide range of ages and specialties. They are quite different from average people in two respects. They are intellectuals (an unpopular group in today's society) […]
When investors consider risk, it has traditionally meant downside losses. The idea of profiting from a declining market, while commonplace for professionals, is relatively new to the average investor. When trying to time the market by exiting or by buying an inverse ETF, the concept of risk has changed. You must now ask: What is […]