Follow the money (II)

Iraq is a disaster, right? Everyone knows that, don’t they? Nobody with half a brain still supports the US-led coalition in its efforts, do they? Odd, then, that the markets disagree. Markets tap the combined knowledge of their investors. These investors put money on their confidence in predicting the future. Because they have money in the game, it is fair to suppose that they’re more likely to... read more

Follow the money (I)

I haven’t blogged much about the US presidential contenders, because in truth no candidate on either side of the aisle has really grabbed my attention to date. I’m lukewarm, at best, towards all of them. However, a WSJ survey of economists gives some useful pointers, and they point strongly in the direction of the GOP: Asked which presidential candidate would be best for the economy, only half... read more