Global Market Commentary, Analysis and Investments
The defining characteristic of a zombified system is the way it hands out its rewards. In an honest economy, people do their best. They work hard. They take their chances. Some prevail because they are productive. Others are just lucky. The chips fall where they may.
But as the system is taken over by zombies, the chips fall where they are told to fall. Rather than to honest and efficient producers, the rewards go to those who curry favors.
[Read more...]A lot of the “news� lately is about the upcoming election and how the absurd, childish Democrats are expected to be ousted by the voters, replaced by the evil, adult Republicans. As a disclaimer, I, with great relief, now happily identify with the Tea Party, although I seem to be one of the few whose Screaming Tea Party Outrage (STPO) is directed at the politicians because they allowed the Federal Reserve to create so much money – so, so much money, for so, so long – that the monstrous monetary inflation spilled over into inflations in stock prices, and inflations in bond prices, and inflations in house prices, inflations in the massive, cancerous growth of government itself, and the financing of the immeasurably-massive derivatives market, which is, basically, astronomical levels of money placed in highly-leveraged bets!
[Read more...]This week, over 70 percent of Missourians voted for Prop C — to exempt the state from the federal insurance mandate — and, by extension, against President Obama’s health care plan. Three more states — Arizona, Florida, and Oklahoma — also have votes on deck with the hope of a possibly-binding opt out of the mandate.
[Read more...]I know that I should write something about ObamaCare and the new health insurance law that is over 2,000 pages long to achieve a blatant socialist takeover of the healthcare and health insurance industries, and perhaps I should produce a short screed to show that I am up-to-speed on current events, even though (as my boss is fond of putting it) my “real” work is piling up on my desk, which would normally not be a problem, but now it is, and all because my last intern (whom I would normally make do the work!) just abruptly quit, just like all the others, only this time after giving me a “piece of her mind” right to my face about what a terrible boss I am, which I easily countered by reminding her “Would a terrible boss generously donate his Precious Mogambo Time (PMT) to tell you that maybe, helpfully, perhaps if you did something nice with your hair, you wouldn’t look so ugly?”
[Read more...]The French media reports the passage of the health care reform bill as though it were the Emancipation Proclamation. Now, Americans have finally entered the modern world, they seem to say. Now, Americans have access to health care as a matter of right.
We’re suspicious of anything the French papers think is a good idea; they’re as bad as The New York Times.
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One Reason Small Business Owners Are Bummed Out
After three months of dim optimism, small-business owners are turning gloomier again. So says the monthly Optimism Index from the National Federation of Independent Business.
The March number clocked in this morning at 89.5. That’s below average even for the period since the “official” end of the recession in June 2009.
[Read more...]Click for detailed story