The Bureau of Labor Statistics reported that the core CPI in July 2020 jumped by the most (+0.62%) in almost thirty years. After having dropped month-over-month for three months in a row for the first time in its history, it has posted back to back gains the latest of which pushing the index back above its February level. Congratulations to [...]
The key word in the whole thing is “bias.” For a very long time, people working in and around the finance industry have sought to gain tremendous advantages. No explanation for the motive is required. Charts, waves, technical (sounding) analysis and so on. To many dispassionate observers there was always this sort of improper religious fervor to it rather than [...]
Thinking Things Over April 15, 2012 Volume II, Number 15: Are Stocks Fairly Priced? Efficient Markets and Inefficient Politics By John L. Chapman, Ph.D. Canton, Ohio. Investors are living through an era of extraordinary uncertainty, as evinced by the incredibly wide range of professional opinion available at the moment from amongst the economic and financial commentariat. In the following essay we offer a rationale [...]
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