“Buy the Dips” and other stock market fables

Equity markets are fertile ground for speculation in the two meanings of the term: greed, and advancing theories or conjectures without firm evidence. There are two major hurdles to deriving a viable theory of the stock markets. The first is the large number of variables that can have an influence at both micro and macro … Continued

Border-Adjustment Tax, system repair or hidden subsidy?

The failure in repealing ObamaCare has increased pressure on Trump to deliver on his fiscal plan. Since savings in healthcare will not decrease the baseline, and other funding cuts have been redeployed into defense spending, the Border-Adjustment Tax (BAT) emerges as the only source for financing the promised tax cuts to corporations and individuals. House … Continued