Feelings…
Whoa whoa whoa…feelings…
— Morris Albert
Our plane got delayed. This left us in a small waiting room for longer than we wanted to be there. The two large TV screens were inescapable.
Who watches this stuff? Poor schmucks.
[Read more...]Economic Recovery Education
May 4, 2012 By Leave a Comment
Feelings…
Whoa whoa whoa…feelings…
— Morris Albert
Our plane got delayed. This left us in a small waiting room for longer than we wanted to be there. The two large TV screens were inescapable.
Who watches this stuff? Poor schmucks.
[Read more...]Risky Investments in a Market Full of Conmen
April 27, 2012 By Leave a Comment
Dow up more than 100 points yesterday. Gold up $18.
Google…Apple…what more do you need to know?
“Blah, blah, blah…don’t you feel you’re wasting your time?”
Our friend was being sympathetic. She gave us a look of pity, tightly controlling her face muscles; as if it might slide into contempt at any moment. After spending so much time with rocks, dirt, cement…cattle, grapes…doing such real things, we admitted that writing about economics and finance seemed a little light. As if there is nothing real there.
[Read more...]Hitler’s Blackberry
March 27, 2012 By Leave a Comment
Poor old Ben Bernanke has a deflation phobia. He sees it everywhere the way the kid in The Sixth Sense saw dead people. And Bernanke is equally terrified of falling stock prices (and their effect on consumer confidence).
Falling stock prices are what some people call deflation, or asset price deflation. Bernanke, the governor of the US Federal Reserve, believes the Fed made the Depression a Great Depression by raising interest rates too soon during the US recovery. He won’t make that mistake again! He will simply not allow stocks to fall.
[Read more...]The Federal Reserve and Other Crimes Against Capitalism
February 7, 2012 By Leave a Comment
New York Times writer, Steven M. Davidoff, recently dubbed the Federal Reserve, “the most successful hedge fund around.”
After reading the article, we concluded that Mr. Davidoff is the most creative financial writer around. As such, Mr. Davidoff may be the perfect apologist for today’s dysfunctional monetary “system.” Certainly, he possesses the cerebral alacrity to dodge whatever cold, hard facts may be standing in the way of a good story.
[Read more...]Big Ben Discusses Another Round of Quantitative Easing
January 26, 2012 By Leave a Comment
Good day… And a Tub Thumpin’ Thursday to you! I wonder what I’ll talk about today…. Hmmmm… Could it be…. The Fed meeting? Oh, you are so smart! In case you missed this yesterday, because I’m sure the major media outlets couldn’t muster up enough intestinal fortitude to do it, but the Fed threw a cat among the pigeons yesterday… There are a lot of things I’m thinking about, this morning, so, this should be entertaining… For me at least!
[Read more...]
Economic Recovery Education
Feelings…
Whoa whoa whoa…feelings…
— Morris Albert
Our plane got delayed. This left us in a small waiting room for longer than we wanted to be there. The two large TV screens were inescapable.
Who watches this stuff? Poor schmucks.
[Read more...]