The Economic Pulse

by Wes Walker via If you got a business – you didn’t build that. Somebody else made that happen.” -Barack Obama, 2012 The Bureau of Economic Analysis released its initial number for Q4 2017 on Friday, and the usual media forces have turned it over as much as it probably bear to be turned over, but it is still worth mentioning a couple of things about the “advance” number. At 2.6%, it is considerably below the 3.0% number that was broadly expected by the market, but this cannot simply…

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Knowing Just Enough To Be Dangerous: How Overconfidence Subverts Rational Politics

still image of Floyd Mayweather landing a hard punch on Conor McGregor in recent bout in Las Vegas

By Joel Lehman   “The fool doth think he is wise, but the wise man knows himself to be a fool.” -Shakespeare It happens every year. It’s the beginning round tryouts on the talent show American Idol, and a man confidently takes the stage, sparks in his eyes. He thinks he’s destined for greatness, this is his moment. The music starts, and with anticipation quaking, he smiles full of composure, and boldly unleashes — a cracked and cringe-worthy voice! Clearly, he can’t carry a tune if his life depended on…

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