share repurchase

IBM Extends Slump, Cheers Analysts

By |2014-07-18T11:23:07-04:00July 18th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

The speed at which standards for judgment and analysis have eroded has been slow enough over the past few years as to be nearly imperceptible. There is, of course, a tremendous difference between a company analyst and a macro observer, but that does not necessarily and directly lead to special divergences. In fact, most of the time one flows into [...]

Homage to Steinism

By |2014-04-09T15:13:26-04:00April 9th, 2014|Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

Herb Stein was an economist that drew the unenviable task (though I don’t think he saw it as such) of being chair of the Council of Economic Advisors under Presidents Nixon and Ford. He was a man who knew imbalance up close and personal. To that end, he once quipped, “Economists are very good at saying that something cannot go [...]

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