US Chamber of Commerce No Longer Represents Business

In 1912, the U.S. Chamber of Commerce was created at the behest of President William Howard Taft as a business counterweight to the growing labor movement. To say it was a success is an understatement. While organized labor has languished, the Chamber has become the single largest lobbying organization in the country. According to Open…

Read More

The post US Chamber of Commerce No Longer Represents Business appeared first on The Big Picture.

Ted Cruz’ Least Qualified Economic Advisor

  “Some people look at subprime lending and see evil. I look at subprime lending and I see the American dream in action.” — former U.S. Senator Phil Gramm, Nov. 16, 2008   The reason I bring up the former senator from Texas is that Gramm has been brought on as a senior economic adviser to…

Read More

The post Ted Cruz’ Least Qualified Economic Advisor appeared first on The Big Picture.

Bad Track Record, Poor Model Designs

We live in the age of the quant. Mathematics drives an increasingly large number of investment portfolios. In many ways, this is an improvement over the less evidence-based approaches that often relied on instinct and gut feeling. But as we learned during the financial crisis, models are imperfect and they can and do break down.…

Read More

The post Bad Track Record, Poor Model Designs appeared first on The Big Picture.

Documentary: The Brainwashing Of My Dad

A filmmaker examines the rise of right-wing media through the lens of her father, whose immersion in it radicalized him and rocked the foundation of their family. She discovers this political phenomenon recurring in living rooms everywhere, and reveals the consequences conservative media has had on families and a nation. The truth behind the right-wing…

Read More

The post Documentary: The Brainwashing Of My Dad appeared first on The Big Picture.

The Donald or Hillary: Who is Better for Investors?

This weekend’s cover story in Barron’s was devoted to the impact of this year’s presidential election on investors. New policies on income taxes, spending, capital gains and trade issues — plus the current and future Supreme Court openings — all weigh heavily on the minds of the people who put capital at risk. Barron’s conclusion…

Read More

The post The Donald or Hillary: Who is Better for Investors? appeared first on The Big Picture.