DJIA Down 300, 400 500 600 No one, save bears and gold bugs, were safe today. Only one stock in the S & P 500 was in the black, with everything else steeply in the red. If you’re confident that the market has bottomed out it’s a great buying opportunity. Continue reading Monday, Bloody Monday
Alex Tabarrok argues for an unbalanced budget amendment and gives a fairly insightful source from the Bible. “In the Bible, Joseph doesn’t advise the Pharaoh to balance the budget instead he tells the Pharaoh, save during the seven fat years so you are prepared for the seven lean. An unbalanced budget amendment reflects this simple and ancient wisdom.” The … Continue reading Wise Economic Advice From the Bible
Back in 2008-9 during the passage of TARP and other emergency liquidity injections my economics teacher at the time asked, “The banks are getting bailed out by the government, but who will bail out the government?” Now that the most recent liquidity crisis (as Keith Hennessey calls it) has been averted, many might say that … Continue reading Lets Talk Debt
I’m about as Republican as they come, but Sarah Palin excels at getting on my nerves. When she first burst onto the political scene in 2008, she was viewed as a sort of hayseed, salt o’ the earth soccer mom cum VP contender. It became immediately obvious that despite her spunk, Sarah Palin didn’t really … Continue reading Sarah Palin: Or How I Learned to Stop Worrying and Keep Unqualified Political Opinions to Myself
Four years ago Engadget wisely wrote an open letter to Palm, advising them to update their product lines and come up to speed with the rest of the smart phone industry. Enter the Pre, and for a few expectant months it seemed like Palm just might stage a comeback. But then more carriers added Android … Continue reading An Open Letter to RIM
All of this talk about the fit hitting the shan got me thinking about the word pieces, which, as it would with just about anybody, got me thinking about the words “Reese’s Pieces”, which then got me thinking about Reese’s Peanut Butter cups, which I happen to be eating as I type this. So here’s … Continue reading The Economy in Pieces?
I was pointed toward an article today in the WSJ where the authors touted that the negotiation process toward the debt deal was what the framers of The Constitution wanted. I don’t disagree with the article on a whole but it isn’t a very good response to someone who is critical of the polarization of our … Continue reading The Founding Fathers