I’ve been waiting to see a careful study of ACA. This is the best I’ve seen thus far.
Here’s a collection of things finance people say that make no sense. My personal favorite–”stocks are down on profit taking”–is not among them. CLICK HERE
Thursday, American children will be going door-to-door making notional threats in exchange for sugary foodstuffs. (This may or may not be a good analogy for a particular popular political stance.)
Friday, American children will be making piles out of their loot: stuff they want to keep, and stuff they want to swap for treats they actually like. They will then commence creating and participating in a market, trading things they don’t want for things they want, negotiating exchange rates between various bite-size currencies, and sometimes trading things they do want for things they want more, or for more of something else they want.
They do this entirely out of self-interest: because it will increasetheir happiness. No adult needs to coerce them into trading, or even suggest or facilitate it.
There is no better day to teach kids about the benefits of trade (and about subjective value), so I propose we promote November 1 as Benefits from Trade Day.
Former MSF Jamal Carnette being interviewed on CNBC.
Trend is favoring MSF programs over MBA, especially when the MSF has a very good CFA prep record. Click here for more.
Legal Entity Identifiers are becoming a requirement for all financial transactions. I asked a former colleague who has been working on these for five years to recommend an article that would provide a good introduction to LEIs. She recommends this.
Fun puzzle for summer reflections.
Reports (here) that an unknown is to be nominated to head the CFTC suggest the Administration is conceding Chairman Gensler has pushed his agenda too far.