Wall Street hangs on every number published by any government agency as if they are accurate to the 3rd decimal place. The fact is, most are estimates, especially the GDP number. On top of this, the seasonal adjustment process probably was key in understating economic activity, and this GDP number is most likely going to be adjusted upward over the next two months (the number today was the first of three …Read More
Not all insider trading is illegal
The term insider trading brings up a lot of negative connotations. Most people are familiar with some of the more notorious cases of illegal insider trading, like the Ivan Boesky case or Martha Stewart’s. Poor Martha was the subject of many jokes on late night television. Conan O’Brien said, “When reached for comment on the charges, Martha didn’t say much, only that a subpoena should be served with a nice …Read More
Difference between golf balls, electric cars
You may be wondering what the difference is between a golf ball and an electric car. The answer is simple: You can drive a golf ball a lot farther, at least 200 yards or so. One of the drawbacks to owning an electric vehicle has been the range that it can be driven before it has to be re-charged. Car makers have been improving the range recently. According to the …Read More