Although there is no such thing as a free reward, consumers rarely consider the rewards programs costs that they wind up paying.
Remembering the 1987 Crash
On Black Monday, 30 years ago, the stock market plunged 508 points. At 22.6%, the dive was the worst ever in exchange history. Today, a 5,100 point drop in the Dow would have been an equivalent decline. So yes, we…
Why the Twitter Predictor Was About Much More Than the Dow
Although one seven year old study indicates that Twitter sentiment could predict the Dow, a research replication attempt says no.
The Results of Warren Buffett’s Million Dollar Bet
With a Vanguard S&P Index fund competing against a group of hedge funds, a decade-long Warren Buffett bet for $1 million has just ended.
Worrying About the Treasury’s “X” Date
Concerned about the “X” date, Treasury Secretary Steven Mnuchin has written a letter to House Speaker Ryan about the debt ceiling.
Throwback Thursday: When Wall Street Trading Was Slower
#TBT: Today we look back to how we used to trade stocks. Slower Trades Our story (sort of) starts 225 years ago on Wall Street with the origin of the New York Stock Exchange (NYSE). Gathering in coffeehouses or under…
The Surprising Consequences of Taxing Bagels and Windows
By changing our homes and our cream cheese purchases, taxes on bagels and windows can have unintended consequences when they distort our behavior.
Throwback Thursday: The Best Banking Regulation
Today’s #TBT will look back at the Glass-Steagall Act of 1933. But first… Financial Trust The Chicago Booth/Kellogg School Financial Trust Index is a trust yardstick. Answered by approximately one thousand participants, the Index survey touches topics that range from…
Why We Need Stock Markets
Whether looking under a buttonwood tree on Wall Street 225 years ago or at a contemporary African nation, we can see why we need new stock markets.
When a Score is Not About a Game
Told that the House had not waited for CBO scoring results before passing a version of the American Health Care Act, we can ask what they were missing.