Don’t anthropomorphize markets

For today’s post I wanted to decry a financial markets press tactic that is as old as the markets themselves.  Namely, the media love to anthropomorphize markets, especially the stock market.  In other words, this is the tendency of reporters to ascribe human...

Codes of ethics do matter

There was a massive outcry against MSNBC for having suspended its Countdown host, Keith Olbermann, for having donated monies to three political candidates in contravention to its code of ethics.  I must confess that I am a big fan of Keith Olbermann.  But I must also...

Big EU structural problems addressed

Recall that in the springtime this year there was a massive European debt crisis – something that I covered extensively here on the blog.  Financial markets around the world were roiled by the possibility that Greece was going to default on its sovereign debt. ...