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http://www.eclectecon.net/ - Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities.
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I just realized that Clinton, Ontario, (where I live) is south of Mankato, Minnesota (where Phil Miller lives). In fact, the bulk of the population of Ontario probably lives south of the bulk of the population of Minnesota; Trono is way south of the Twin Cities, and London and Windsor are even ...
Other
Israelis have been accused by a Swedish journalist of killing Palestinians to harvest organs from them. Despite the lack of evidence (indeed, despite assertions from both Israelis and Palestinians to the contrary), the story now seems to have been recirculated in the Ukraine ( see this ). ...
Other
Ms. Eclectic and I lined up with hundreds of other local residents last Monday when the county health authority came to town to provide swine flu shots for us. It was windy, cold, and there was mix of rain and snow blowing as we stood outside the Legion Hall, waiting to join the queue inside ...
Other
Some of my students have pointed out that in the US, students may purchase Windows 7 for $29.95 (US), whereas the price for Canadian students is $39.95 (Cdn), even though the currencies have recently been trading for about $1C = $.95US. Is the price elasticity of demand so much lower in Canada ...
Stocks
Microsoft
According to the Absolute Priority Rule in Bankruptcy (roughly -- the details are daunting), secured creditors must be paid in full before senior unsecured creditors can receive anything, and they in turn must be paid in full before the junior creditors can receive anything, etc.
Eliot ...
Stocks
American International Group
Timothy Geithner
As most regular readers of EclectEcon know, I have tried to maintain an open mind about global warming, but I have been concerned about the infusion of political agendae into the debate. Whenever I read work by colleagues Ross McKitrick and Chris Essex, I become more skeptical about:
Whether ...
Other
Global Downturn
That's a paraphrase from Robert Bixby, quoted in today's NYTimes , noting that interest rates and interest charges on the debt are very low by historical standards, especially relative to the size of the debt and the size of the expected continuing deficit. I love the phrase and the concept. ...
Government
Treasury Bills
Ms. Eclectic says that now I have a justification for drinking scotch. As if I needed one. From the BBC (among many sources): Drinking alcohol every day cuts the risk of heart disease in men by more than a third, a major study suggests. The
Spanish research involving more than 15,500 men and ...
Other
Day Trader
My friend, Maarten, has stated to me that the price of gold will reach $10,000/ounce in three years. In response, I offered to bet him $50 that it wouldn't get that high. He then asked if I'd say he won if he was within 20% of that price. I immediately accepted the adjusted bet. If Maarten ...
Commodities
Gold
That is what local over-the-air television station owners are telling the cable companies in Canada. Sounds silly doesn't it. Well, unfortunately that is exactly what is happening in hearings before the CRTC. Alan has been blogging up a storm about this at Silly Little Country. Imagine what ...
Government
Retail Industry
Alan Greenspan
I posted some information on this material on Thursday. I then took their test . Here are my results: Your score results: Time: Ignore the future Risk: Averse Altruism: Other concerned Information: Info geek meToo: Other-regarding Stickiness: Independent What a weird guy, ...
Other
BenS is a long-time member in good standing of the Philistine Liberation Organization . When he read my most recent review of afternoon tea at Langdon Hall, he sent this advice: John,
I have—unlike you—never been enamoured of tea but do drink it daily in the form
(ugh) of decaf tea bags. It’s ...
Other
Last month I posted about the book You Are What You Choose by Scott de Marchi & James T. Hamilton. In that posting I invited the authors to respond to this puzzle: I know that many, many people buy lottery tickets (or gamble in other
ways) and also buy insurance; i.e., people are risk ...
Other
Risk Management
Last week I received a copy of the Fraser Institute's latest book, The Effects of Mass Immigration . I took the book with me recently when visiting a demographer friend, and he was quite impressed with it. His comments:
Finished it today.
Most impressed with all the chapters, including ...
Other
Bill Clinton
These points are worth keeping in mind (h/t Newmark's Door ): Most investing is done by active managers who don't believe markets are
efficient. For example, despite my taunts of the last 45 years about
the poor performance of active managers, about 80% of mutual fund
wealth is actively ...
Other
The Financial Modelers' Manifesto
EclectEcon is being profiled in the weekly posting about bloggers on NormBlog . While that profile probably tells more about me than it should, which questions I chose to answer was probably also revealing. Coincidentally, my fifth anniversary of blogging occurred this week, too (first posting ...
