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Anecdotes, Aberrations and Averages
We do indeed have a rationality problem. And one of the core reasons why is that people draw the wrong conclusions about what they see. Again and again. Taking the time to put things in context would help.
Tax cut still in play as COVID-19 affects economy, Ducey says
Gov. Doug Ducey said Monday he's not worried that a stock market in disarray and fewer visitors will undermine his call for lawmakers to approve a new tax cut.
Financial advisers, economists urge calm in face of market volatility
The stock market has been buffeted by historic drops over the last week, but economists and financial advisers in Arizona were telling investors Tuesday that it’s still “too early to be concerned.”
Arizona takes hit in stock market
The debt-ceiling debate, the downgrading of the U.S. debt and the market mini-crash this week have exacted a steep toll on Arizona’s stock market investments.
Tough economy, stock market swings create light times for state IPOs
Arizona’s market for new public companies showed signs of life earlier this year with two companies poised to offer stock for the first time.
ASRS director says fund solid, Legislature can’t touch it
Even with a mind-numbing return on investment of minus 18 percent and a report suggesting that the Arizona State Retirement System is woefully underfunded, retirees and current employees banking on a stable pension check need not worry.
So says Paul Matson, ASRS director, who notes that the retirement system is sitting on a whopping $25.5 billion pot of money.
