Abelson’s Employment Error

When I hit the road for a week of business travel, I was confident that market pundits would eventually sort out the mixed message from the September Employment Situation Report.  September was light, August was revised up dramatically, and there was a huge "benchmark" revision for job growth.  I noted that Alan Abelson’s column the […]

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The Worst Form of Government…

…except for all the others, is the famous quotation from Winston Churchill. How does democracy work so well, when people have so little factual information about their government?  It is natural for people to economize in reading and to emphasize that which is entertaining.  Sociologists and political scientists long ago discovered the mechanism for effective […]

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Irwin Kellner Alert

The Marketwatch website provides a lot of useful basic information and commentary from various sources.  You can get email updates — a nice feature. In a break from my travels, I see updates on Irwin Kellner’s commentary, articles widely read by individual investors. The startling news in one of his columns is that we face […]

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