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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label traditionalism. Show all posts
Showing posts with label traditionalism. Show all posts
Tuesday, March 08, 2011

The Low Correlation Between the Stock Market And Economic Growth

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Analyst John Mauldin cites Crestmont Research’s Ed Easterling who argues “stock market is not correlated with economic growth”. They say ...
Tuesday, February 08, 2011

Stock Market Prices: Inflation versus Corporate Fundamentals

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Even in the US the supposed causal relationship between stock prices and earnings appear headed for irrelevance. That’s especially a conundr...
Friday, December 31, 2010

Firecrackers and Social Signalling

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Many Filipinos greet the New Year with a bang-literally. During New Year’s eve, they turn the streets into virtual war zones, despite all ...
Wednesday, June 30, 2010

Presidential Inaugural, Traditionalism And Spending Other People's Money

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People are enthralled with ritualism. This would be evident today in the inaugural of President-elect Benigno “Noynoy” Aquino III and Vice P...
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Saturday, January 16, 2010

Desperately Looking For Normal-In Pictures

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Here is another demonstration of how massively disconnected the stock markets are with conventional fundamentalism (e.g. economy or earnings...
Monday, January 11, 2010

Politics Ruled The Market In 2009

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``Looking back, policymakers of all stripes missed their opportunities to make tough but necessary decisions in 2009. And now 2010 just doe...
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