Monthly Archives: January 2014

Mon Dieu! Meme Francois! – Europe Rediscovers Capitalism

When Francois Hollande won the French election back in May 2012, Paul Krugman mocked the media “hysteria” about the victory of a left-wing politician who promised to revive the French economy by raising taxes even higher on wealthy Frenchmen.  I, … Continue reading

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Larry’s “Secular Stagnation” Excuse

Larry Summers disclosed his latest macro insights at an IMF Meeting last November, which he elaborated upon in a Financial Times article:  “We may . . . be in a period of ‘secular stagnation’ in which sluggish growth and output, … Continue reading

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Emerging Markets for Cowards

In the 1830s British investors spotted an attractive emerging market offering high returns with low risk. The United States was booming, thanks to industrialization in the Northeast, rapid settlement of the Midwest, and expansion of cotton production into new areas … Continue reading

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Don’t Overhype Buy-backs

In Barron’s Up & Down Wall Street column, titled “Buyback Bonbons,” Kopin Tan marvels that “Companies have already repurchased a staggering $445 billion worth of shares in the 12 months ended on September 30.”  According to Josh Brown of the … Continue reading

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