Alea

Le blog d'éconoclaste

Non, Francis, Amazon ne se fout pas de vous

Francis Pisani est indigné! sur amazon.com, le même livre est vendu 17,79 dollars en version papier (hardcover) et 21.56 dollars en version électronique pour Kindle. Il trouve inadmissible que, je cite, L’exemplaire digital qui ne doit payer ni les frais ...

The Aleph Blog

Investing and Demographics, Redux

My post last night attracted a number of intelligent comments.  I want to expand on what I said. 1) The Baby Boomers are different that other US generations.  They are less provident, willing to sacrifice the future for the present.  ...

FT Alphaville

SEC plans for global accounting standards

US companies are set to switch to international accounting rules in a move that will, for the first time, see all the world’s top listed groups reporting according to the same set of standards, reports the FT. The SEC on ...

Going Private

The Spiral - Part V - The Board

Part V of the Going Private miniseries "The Spiral." The Board of Directors is increasingly perturbed with the Chairman and CEO, but their loyalties are difficult to shed. Self-interest also prevents any meaningful change. Meanwhile, the Chairman and CEO presents ...

Stumbling and Mumbling

Millions of models of socialism

Norm attributes to Martin Kettle the claim that “there are no credible models for a viable socialism.” This claim, though common, is both true and absurdly false.It’s true in the sense that no country has what we might regard as...

Paul Krugman

Stagnation nation

Why we whine Some clarification about just why the latest income/poverty/insurance report was so bad. There was a significant rise in income among Americans over 65 — those who get much of their income from Social Security. In fact, they’ve ...

Abnormal Returns

Wednesday links: implicit learning

“By several measures, natural gas looks awfully cheap compared with crude oil.”  (WSJ.com) When hurricanes threaten look for a move in natural gas prices.  (VIX and More also Infectious Greed) “Ultimately, as the airlines have shown, bankruptcy is ...

Portfolio.com: Market Movers

The FBI and Mortgages

The LAT's Richard Schmitt knows how to write a startling lede: WASHINGTON -- Long before the mortgage crisis began rocking Main Street and Wall Street, a top FBI official made a chilling, if little-noticed, prediction: The booming mortgage business, fueled ...