If I must play a part in this mess there are things that I have to know:
— Equity analysts have overestimated S&P; 500 earnings with remarkable consistency.
— Political risks are hard for markets to grapple with.
— Opinion fact: “Perhaps surprisingly, opinions about the terms ‘socialism’ and ‘capitalism’ are not correlated with each other.”
— Peter Beinart talks about his recent piece.
— Nobody seems to have noticed, but the Obama administration is revolutionizing federal drug policy.
— NextBus DC accuracy is slipping.
In honor of regulatory discretion, The Future of the Left’s “I Am Civil Service”.