The toughest job in financial advice: Teaching economics to a presidential contender
Breakfast with Benjamin: Teaching economics to a presidential contender isn't easy. Unless the economic advisers agree with the preconceived views of the candidates, the relationship can be testy and useless.
- When politics and economics collide, it is often the economics that gets bowled over for the sake of a pandering soundbite. Unless the economic advisers agree with the preconceived views of the candidates, the relationship will be testy and probably useless
- Just because Greece has reached an agreement on dealing with its mountain of debt is no reason to assume it still won’t be ugly and messy. Mohamed El-Erian says the current deal is better than the alternative, but that doesn’t mean it’s a great deal for Greece.
- The good news for the U.S. oil industry is that the worst of the purge is probably over. The number of active rigs will keep falling for a little while longer
- The napkin-munching insider-trader, Frank Tamayo, has settled with the SEC. Even if you swallow the evidence, it’s still against the rules
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