Thoughts on the Economy: Catholic, and Not

Ok, class. Today’s lesson is on a little thing called “regression to the mean.” That’s a fancy way of saying that when something gets out of whack, you know, like when one thing shoots for the stars while everything else is holding steady, see, well, it will move back to where it belongs. And usually suddenly. Like a bursting bubble, which by now everyone with a pulse and a 401k is familiar with. Right? [Read more...]