Tag Archives: 1987

The FOLLY of Risk Management

Every closet economist knows that risk is the most difficult concept to put a number to.  Most modelling relies on various (historic or predicted) estimates of volatility, but volatility is a very funny thing.  We often forget, especially during economic … Continue reading

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Consumer – lower confidence is GOOD news!

Consumer confidence is often mistaken as a leading indicator. My experience over many years is that the measure is used at times to rationalize irrational bullishness – when the brain says sell and take some profits, but the urge to splurge is … Continue reading

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