Consumer Spending is Slowing

U.S. Department of Commerce figures for the month of April show that consumer spending is slowing.  Specifically, consumer spending rose 0.4% relative to March.  Consensus expectations from economists were for a rise of 0.5%.  If you adjust the data by inflation then...

Oil Prices Are Manipulated by Speculators

U.S. commodities regulators have brought a civil law suit against a small group of oil speculators who are believed to have manipulated oil markets in early 2008 and netted gains of $50 million.  Here we are talking about only 2 traders and 3 trading firms!...

New Measure of a Country’s Success

Long-time readers of my blog will know that I think that exclusively quantitative methods, in investing especially, are domed to failure.  It’s because quantitative methods measure facts and facts, by definition, took place in the past.  But investing unfolds in...

Television Is More Important Than Movies

I went to go see a movie today and noticed something that I thought was very interesting: television is now more important than movies.  How could I tell?  All of the video in the lead up to the movie trailers was about upcoming television shows.  Now I know that the...