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Misreading misleading charts: Alaska edition

August 4, 2011

There's a headline making the rounds this morning that caught my eye because it seemed preposterous: "Apple Stock Helping the Alaska Permanent Fund More than Oil." It's everywhere, but the original instigator seems to be this USA Today article. It looks like nobody bothered to read (or understand) the Fund's actual returns. First of all, the Alaska […]

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Kicking the oil habit

June 23, 2010

Jon Stewart is insightful as always:

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The very first CDS

June 10, 2010

Yes, conspiracy theorists, there is a link between environmental disasters and financial meltdowns. In the wake of the Exxon Valdez disaster, Exxon was faced with $5B in fines. The company turned to its banking partner, J.P. Morgan, and asked for a line of credit in that amount. J.P. Morgan was reluctant to grant the loan for […]

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Wanted: an economically viable alternative

June 15, 2009

I have to confess that I am finding Felix Salmon increasingly difficult to read. Today he reacts to Jim Suroweiki's proposal of an inverse gas tax, which would maintain a constant gas price: Surowiecki makes a strong case that consumer behavior, when it comes to reducing gasoline consumption, only really changes when there’s a spike […]

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And on the 7th day, Bernanke rested

May 21, 2008

Oil skyrockets, the Fed won't cut rates, and the Dow falls 227 points.  What recession?

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