Crash Survival Zone

For some months now, Jeremy Grantham, a respected market strategist with GMO, an institutional asset management company, has been railing about — of all things — the efficient market hypothesis.
You know what the efficient market hypothesis is, don’t you? It’s a theory that grew out of the University of Chicago’s finance department, and long held [...]

Research has pinpointed ways to feel good even in the worst of times

By Deborah Kotz

How can we truly feel happy right now, in this moment when our 401(k)’s and house values are tanking? When our jobs are threatened or already lost? U . S . News posed this question to leading happiness researchers to find [...]

… From Kahneman’s point of view, the most important moment of the recent economic crisis came when Alan Greenspan admitted at a congressional hearing that his theory of the world had been mistaken. “Greenspan expected financial firms to protect their interests, because they are rational companies and the market is rational, so they would not [...]

With all of the news of great economic events, it may seem curious to focus in on the mood of the US and UK, but I believe that this is something that we should not ignore. Economics is about more than just numbers, but is also about culture, drive, expectations and many other less tangible [...]

Government should use the lessons of behavioral economics to get us to invest more for retirement.

Aging Americans are facing a perfect storm when it comes to retirement. Many have done little saving over the past two decades and have now seen what they have saved, either in their 401(k) or their home equity, decline sharply [...]

As we slowly grind into the 20 month from which we can see the August 2007 stock market peak in the rearview mirror of our nearly bankrupt American automobile, the market is hesitant in which way it wants to move after the little bull market we are experiencing.  Yet the public has no doubts about [...]

The recession will have a lasting impact on the way people shop

“WANT IT!” screamed the words plastered on the walls, counters and shopping bags in the flagship emporium of Saks, a big American retailer, on Fifth Avenue in New York. The same exhortation was emblazoned in huge letters on a giant red and white ball [...]

Web Site Offers Help With Coping

As it provides assistance to the financial sector and leads a restructuring of the American automobile industry, the federal government now is also offering advice on how to cope with the pressures of the economic downturn.

The Substance Abuse and Mental Health Services Administration (SAMHSA) started a Web page this week [...]

A Skeptic’s advice on how to avoid falling prey to con artists

By Michael Shermer

On a Los Angeles street corner in 2000, I was the “inside man” in a classic con game called the pigeon drop. A magician named Dan Harlan orchestrated it for a television series I co-hosted called Exploring the Unknown (type “Shermer, con [...]

By Paul B. Farrell

Take a few moments, read the “14 Secrets” below, then finish this simple sentence: “I’m the happiest (and richest) investor because …”

Impossible? After all, we can’t all be “the richest,” let alone “the happiest.” Yes you can. This is your life. Each of us in our own unique way can be “the [...]