Pictures That Tell a Story

They say a picture speaks a thousand words, and that means, to an economist, that sometimes it’s easier to communicate something complicated with a chart or a graph rather than a lot of explanatory text.

So it is with three charts and a picture, selected for the eye-opening perspective they offer. The first, in […]

Whither BREXIT?

More than three months after British voters elected to extricate their economy from the European Union, Brexit still hasn’t actually happened. What’s going on?

Apparently nothing more than a careful process designed to minimize damage on both sides of the English Channel. British Prime Minister Theresa May recently announced a target of late first quarter […]

When Diversification Fails

 

Correlation coefficients are one of the most complicated areas of the asset management world, but the idea behind them is pretty simple–or, at least, most of us thought it was until the 2008-2009 meltdown. The basic idea is that you study the price movements of, say, the stocks of large companies (represented by the […]