10 Mar 2015

A Bear Market Strategy

…the Great Depression. Just as before, Tice’s BEARX performed very well, earning 45.8 percent while the market dropped -46.7 percent (I’m using monthly data, which is less dramatic than peak-to-trough…

27 May 2015

Advice for Graduates: Buy Stocks

…10 largest bankruptcies of all time all occur: Thornburg Mortgage, Chrysler, MF Global, Conseco, Enron, CIT Group, General Motors, WorldCom, Washington Mutual and Lehman Brothers. There were two recessions, one…

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12 Jun 2015

What Drives Long Run Economic Growth?

…1796 The internet, 1960s The steam engine, 1712 Of course, we could debate about whether the steam engine is really ‘greater’ than sanitation systems (no. 12), refrigeration (No. 13) or…

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9 Oct 2015

Visualizing Stock Returns

…what those asset classes are, although in this case, the key (and the punchline) is over to the right. But before we get to that, lets’ keep looking at the…

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