YOGI BERRA for INVESTORS

Dimensional Fund Investors pays respect to the great Yogi in Déjà vu All Over Again in which DFA recounts the more recent history of investment fads.  A longer look at history would gave included canals, railroads and radio. TFM

THE US TRADE DEFICIT

Neil Irwin of The New York Times provides a concise and clear explanation of what our trade deficit means and does not mean in what-is-the-trade-deficit.  A bonus is his explanation of the dollar’s “exorbitant privilege” as the world’s reserve currency. TFM