Summer Shorts

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This week I had hoped to be on a beach. Not sure if that’s going to happen, but here are two beach-appropriate short reads. Please consume while wearing flip-flops:   I. Capping CAPM A Google search on the Capital Asset Pricing Model returns over 1.2 million hits. This model, taught in finance courses as “Cap-em,” indicates that […]

The Inflation 5cast

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 Years ago, the musician and comedian Victor Borge gave a monologue on inflation. He said, “Anything that has to do with money goes up … except the language. See, we have hidden numbers in the words like ‘wonderful,’ ‘before,’ ‘create,’ ‘tenderly.’ All these numbers can be inflated and meet the economy, you know, by rising […]

Wagoner the DIP

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Following the departure of Rick Wagoner this week, many commentators were deriding President Barack Obama’s having micro managed GM. Even Saturday Night Live showed a skit where Obama is deciding the fate of competing manufacturers of cars…of lawn mowers…of plastic joke vomit. This view was funnier than, but tracked closely, the majority opinion. What does […]