Jack Lynn

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This Chocolate Chip Cookie Recipe Ruins Every Other Cookie Recipe

Really, though. These brown butter chocolate chip cookies are insane.<p>Without a doubt, the BA recipe that I make the most, (this probably speaks more to my sweet tooth than anything else) is the Brown Butter and Toffee Chocolate Chip Cookies from one of our readers, Kate Davis. This is truly the …

Dessert

Immigration Economics: Illegal Aliens Are Our Bread and Butter

Have you ever wondered why politicians make some immigration illegal and then turn a blind eye to illegal immigration wherever it is happening … for …

Immigration

Everyone's watching the wrong central bank in the wake of China's shock devaluation

Since the People's Bank of China started cutting the yuan's value against the dollar earlier this week, people have been preoccupied with how that may affect the Federal Reserve's coming decisions.<p>But the Fed is probably not the major central bank that will pay most attention to moves in the …

Economics

10 essential Finder tricks every Mac user should know

In Mac OS X, you’ll spend much of your time in the Finder, the part of your operating system that manages files and such. While you might think you know all there is to know about it, the Finder is a complex and wonderful app — with its own special tricks to master.<p>Here are 10 essential Finder tips …

Monetary policies and falling inflation are behind currency turmoil

Two thousand years later the foreign-exchange markets are still in turmoil. In January the Swiss National Bank abandoned its policy of capping the Swiss franc against the euro, catching many traders and investors by surprise. As the franc rose by 30% in a few minutes, many foreign-exchange brokers …

Economics

How The American Shale Boom Warped The Oil Production Cost Curve

Here's what happened during the shale boom: it became cheap to boost oil production.<p>By way of illustration, let's use $80 on the y-axis of the chart below as the breakeven point of reference.<p>In 2009, production hits a breakeven price of $80 a barrel at production levels of just 10,000 kbd.<p>By 2011, …

Oil

Global Interest Rates Are Deceiving Us

- Inigo Montoya, <i>The Princess Bride</i><p>"In the economic sphere an act, a habit, an institution, a law produces not only one effect, but a series of effects. Of these effects, the first alone is immediate; it appears simultaneously with its cause; <i>it is seen.</i> The other effects emerge only subsequently;</i> …

Bank of Japan

One Key Aspect Of America's Superior Performance Has Gotten Little Attention And Now It's Under Threat

The shrinking of the current-account deficit -- from its peak of almost 6 percent of US gross domestic product in 2006 to 2.3 percent in 2013 -- ought to be a big story. Bear in mind, it happened even though the US has enjoyed stronger growth in domestic demand than either Europe or Japan, and …

Economics

One Critical Piece Of The US Economic Recovery Continues To Go Missing

Unfortunately, there was one piece missing: wage growth. Despite all the improvements in the labor market, wages have failed to accelerate in a meaningful or sustained fashion.<p>While jobs and hours worked have rebounded, hourly wages haven't. In December, hourly wage growth decelerated to 1.70%, the …

Markets

America Is Exhibiting A Symptom Of A Dying Free-Enterprise System

I've been self-employed since 1998, and let me tell you, the life of a business owner isn't easy. It's filled with long hours, a relentless amount of paperwork, and uncertainty of where your next paycheck will come from. If you've ever owned a business, you know exactly what I'm talking …

Stock Markets

The ECB Can't Save The Eurozone Economy

Key Points<p>The president of the European Central Bank's (ECB's) governing council, Mario Draghi, has announced government bond purchases in pursuit of greater economic stimulus. But unless measures are taken to address the root causes of deflation, any boost Europe gets from the ECB's actions will …

Economy

Jeff Gundlach Goes Contrarian And Predicts Interest Rates Fall In This Prescient Presentation

Gundlach, of course, addressed oil ("It won't stop going down"), the decline in Treasury yields seen at the start of this year, and what 2015 might hold for the Federal Reserve.<p>The bear case for stocks is wrapped up in three succinct slides and noted that gold actually had a decent year denominated …

Markets

GUNDLACH: Don't Be Bottom-Fishing In Oil Stocks And Bonds

Gundlach, who correctly predicted government bond yields would plunge in 2014, said on his annual outlook webcast that 35 percent of Standard & Poor's capital expenditures comes from the energy sector and if oil remains around the $45-plus level or drops further, growth in capital expenditures …

Markets

A 'Troublesome Commonality' During Two Recent Bouts Of Global Market Volatility

A prudent investment strategy usually stresses diversification because no one knows when a single stock, industry, or entire financial asset class will tank.<p>A very typical investment portfolio will have a mix of both stocks and bonds, like Treasury bonds. Investors count on this mix because when …

Stock Markets

122 Things Everyone Should Know About Investing And The Economy

I failed. I quickly realized the idea was long on ambition, short on planning.<p>But I made it to 122, and figured it would be better in article form. Here it is.<p><b>1.</b> Saying "I'll be greedy when others are fearful" is easier than actually doing it.<p><b>2.</b> When most people say they want to be a millionaire, …

Investing

Jim Rogers Reveals The Key To Being A Successful Investor

The way you become a successful investor is by investing only in what you yourself have a wealth of knowledge about.<p>Everybody knows a lot about something. Cars, fashion, whatever it is - you know a lot about something. If you do not know what it is you know a lot about, just step back and take a …

Penguin Random House

There's A Dark Side To Sliding Oil Prices

First, the positive: falling oil prices and the subsequent decline in gasoline prices act like a tax cut, transferring cash into the pockets of consumers, leaving more money for discretionary spending. The combined benefit of declining gas prices and lower interest rates is likely to provide …

Economics

It Could Take Months Before We Find Out If Friday's Jobs Report Was Great

The November US job report will be released on Friday morning, and most observers are pretty optimistic, with consensus expectations of 230,000 new nonfarm payrolls.<p>However, it's quite possible that we'll see a much lower number tomorrow morning, and we might not know the real story until …

Jobs Report

Warren Buffett's 'Single Best Measure' Of Stock Market Value Hasn't Been This High Since The Dotcom Bubble

Market Cap to GDP is a long-term valuation indicator that has become popular in recent years, thanks to Warren Buffett. Back in 2001 he remarked in a Fortune Magazine interview that "it is probably the best single measure of where valuations stand at any given moment."<p>The four valuation indicators …

Stock Markets

GRANTHAM: The World Doesn't Have Enough Stuff To Make It As Great As We Want It To Be

Most forecasting models incorrectly assume endless growth. However, the laws of physics will not be defied by economics.<p>These are the main takeaways from the latest investor letter by GMO's Jeremy Grantham.<p>Over the last few months, the price of oil has tumbled from well north of $100 to below $80. …

Oil & Gas Industry

Warren Buffett And Jeremy Grantham Are Right About Profit Margins

"<i>Profit margins are probably the most mean-reverting series in finance, and if profit margins do not mean-revert, then something has gone badly wrong with capitalism. If high profits do not attract competition, there is something wrong with the system and it is not functioning properly." - Jeremy</i> …

Markets

The US Economy Needs Some Improvement Soon To Avoid Rolling Over

<i>Note from dshort:</i> With this morning's release of the Consumer Price Index for September, we can now calculate Real Retail Sales for last month.<p>Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on …

Markets

Morgan Spurlock's New Short Film Explains The Market Economy So Even A Caveman Could Get It

Only 39% of American adults have a budget and keep close track of their spending, according to the 2014 Financial Literacy Survey conducted by the National Foundation for Credit Counseling.<p>Not to mention that 32% of households don't save for retirement, and 60% haven't looked at their credit score …

Economics

A New Generation Of Solar Cells Could Smash Current Efficiency Limits

A revolutionary technique developed by a team at the University of Cambridge could boost the efficiency of solar cells and accelerate the switch to renewable sources. The technique "could smash the solar efficiency ceiling," according to a statement from the university.<p>The new method, published …

Clean Energy

A Beginner's Guide To Laundering Money

Fear not. With a little financial detergent, your dirty money can be rendered more or less untraceable.<p>It must be said that the flow of illicit capital is distorting the global economy, draining wealth from emerging nations and inflating the cost of assets in the developed world. Neither of which …

Hong Kong

29 Brilliant Quotes From Charlie Munger, Warren Buffett's Right-Hand Man

And then at age 31, he met Warren Buffett, who convinced him to go into investing.<p>Today, Munger is Warren Buffett's right-hand man at Berkshire Hathaway and has an estimated net worth of $1.3 billion.<p>We've compiled a list of his most insightful quotes about business, investing, and life in …

Wall Street

The Trendy New Labor Market Indicator Everybody Is Talking About Just Got Updated

There's a new cool economic report: the Labor Market Conditions Index, or LMCI.<p>The latest LMCI, released on Monday, increased to 2.5 in September from 2 in August, but indicates that labor market conditions remain broadly stronger.<p>Here's a chart of the latest LMCI:<p>The index was first "made famous" …

Labor Economics

NYSE Margin Debt Is Drifting Higher Again

<i>Note from dshort: The NYSE has released new data for margin debt, now available through August. I've updated the charts in this commentary to include the latest numbers.</i><p>The New York Stock Exchange publishes end-of-month data for margin debt on the NYXdata website, where we can also find historical …

Stock Markets

Former GM Product Czar Says Tesla Is 'Grossly Overvalued'

The outspoken automotive executive, who made the comment on the network's "Squawk Alley" program, echoed a sentiment expressed by Tesla-founder Elon Musk earlier this month.<p>Although Musk didn't go quite as far as Lutz — the Tesla CEO simply expressed some doubts about how high his company's stock …

Tesla

GoPro Is Up A Ridiculous 172% Since Its June IPO

172%!<p>That's how much GoPro shares have risen since the stock made its debut on June 26, according to Bespoke Investment Group.<p>Excluding a couple brief pauses, the stock has gone basically straight up, from $28.65 on June 26 to more than $78.50 in afternoon trade on Wednesday.<p>Since going public, …

GoPro