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Risk relative to market levels

Nov
04

"The received wisdom is that risk increases in the recessions and falls in booms.  In contrast, it may be more helpful to think of risk as increasing during upswings, as financial imbalances build up, and materializing in recessions."

- Andrew Crocket

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Investors shouldn't confuse percentage changes with the level of things.

Nov
01

GDP increased 33.1 % in the third quarter and decreased 31.4 in the second quarter. 

Riddle me this batman.  Did the economy grow from the beginning of the second quarter to the end of the third quarter?

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