Flight to Safety Drives Down Interest Rates “U.S. Markets Tumble as Fear Spreads” —headline, Wall Street Journal (1/24/14) It’s not great news for people who own stocks, but for prospective home Buyers about to lock on a mortgage, it’s terrific news. Namely, the sudden aversion to stocks and all-things-risky has prompted a stampede into bonds,...Read More
Stock Market Non-Predictions, Over-Predictions, and Other Tricks of the Trade “Predictions are hard, especially about the future.” –Yogi Berra Apparently, there are two ways to be beat a polygraph (lie detector) test: 1) be a truly “cool cucumber,” who is absolutely non-reactive to every conceivable question; or 2) wildly overreact to every question, so that...Read More
