Euclid Investment Advisory

By now, most of you have probably read the Op-Ed below that was printed on March 14 in the New York Times.  Perhaps you have read also “The Big Short,” as well.  Or Michael Lewis’s “Boomerang.”  At the moment, let’s focus on the high-profile Goldman resignation.   After you read or re-read it, my suggestion  Read more »

Reagan quotes Bastiat about government and liberty

Neither party is serious about budget reform. Does it matter? Who knows. But if you so choose, that’s your hidden strength as an investor.

We write a lot about the lies, misunderstandings, and persistent myths about the economy and investing.  Myths are often dangerous precisely because people act as though they are true.  So I thought I would share with you a brief piece by Richard Rahn in the February 7th edition of the Washington Times. Full story: http://tinyurl.com/debtceilingmyths Without  Read more »

Muddied what outlook?  Was there an outlook?  Did they ring the bell?  Were the economic physicists in agreement about something?  Had we moved from unknown waters back to unchartered waters back to an ocean of certainty?  How did I miss all this? What a ridiculous headline.  To imply that there had been a meaningful consensus or,  Read more »

[Sarcasm alert]  Recently Senator Chuck Schumer was talking about raising the debt ceiling and mentioned the 3 branches of our government: The House, The Senate, and the President [sic, the Executive Branch].  He forgot to mention the 4th branch of government, the Supreme Court, and the 5th Estate, the Press.  YouTube clip here: http://www.youtube.com/watch?v=fG0Jpu9geWY Apart  Read more »

The “paradox of shift.” We have met the enemy and he is us. We all want tax simplication and there is strong bipartisan support for the idea but most of us would vote against it.

Benoit Mandelbrot evicerates Modern Portfolio Theory by simply pointing out that two (of two) of its essential underprinnings are false. Karl Popper would be proud.