Havoc's Blog

I’ve been wondering for a while why nobody contrasts Obama’s health care proposal with some of the past Democratic proposals. It’s a market-based, incremental proposal, that makes use of existing programs and existing insurance companies. Today Obama’s campaign has a new ad making this point, so I guess I’m on their wavelength. After my What […]

Worst stock plunge in 20 years. Here’s a relevant post from last year, when the stock plunge was much less dramatic. Lessons for the next bull market (yes there will be one eventually): Low interest rates and high liquidity do not mean stock prices will stay up. Those things are indicators of insufficient risk premiums, […]