Surprising fact of the day

Following the complete and utter implosion of the Irish economy – Some 300,000 new dwellings now stand empty in the Irish Republic, a number whose equivalent in the United States would be approximately 21 million. Unemployment is now 13 percent in Ireland; it would be higher if 5 percent of the working-age population (principally the…

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Where to next?

To be honest I don’t know, nor does anyone else despite what they might say. There is usually a substantial amount of nervousness when you have a major markets slip for two days in a row. However, this has to be put into context of the overall gains in the market post the GFC .…

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What would Feynman do?

Richard Feynman has long been one of my intellectual hero’s, a man of searing intelligence who taught himself how to play bongo’s crack safes and pick up women. Not at all the pastimes one expects of a Nobel Prize winning physicist. This link is a geeky look at a hypothetical Feynman job interview. If the…

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My conclusion

Whilst clearing my inbox just now I came across a market recap/forecast that included the following  headings- Actually the bit about being mental I added as it seemed appropriate for anyone silly enough to bang on about Gann and astrology. Once again someone proves my point that human irrationality is boundless.

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Cocktail Party Indicator

“If the professional economists can’t predict economies and professional forecasters can’t predict markets, then what chance does the amateur investor have? You know the answer already, which brings me to my own ‘cocktail party’ theory of market forecasting, developed over the years of standing in the middle of living rooms, near punch bowls, listing to…

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