Recent Posts

Categories

Archives

Archive for the 'economics' Category

The Self Cleaning Oven

Monday, September 28th, 2009, by

One of my favorite commentators is Rich Karlgaard, Publisher of Forbes.  You can follow him in print every bi-weekly issue, as well as catch him doing the talking head circuit on the cable news shows. By being based in Silicon Valley, he maintains his pulse on the new economy…while keeping his jaundiced eye on the […]

The Dollar Gets Hammered

Wednesday, September 16th, 2009, by

The signals on inflation are at odds with each other. On the one hand, as measured by the consumer price index, prices are mildly deflationary. This is the metric that determines price adjustments on everything from semi-annual U.S. Government Inflation Protected Bond interest rates to annual Social Security cost of living  adjustments. Speaking of which, […]

Meltdown, Part I

Wednesday, September 2nd, 2009, by

I’ve gotten in the habit of listening to audio books while I’m tooling around running errands. And one of the best that I’ve recently listened to is “Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse” by Thomas E. Woods, Jr. I recommend it […]

Shooting the Messenger

Tuesday, August 4th, 2009, by

The dumbing down of the economy has just registered a new low. The CFTC (Commodity Futures Trading Commission) has just reversed its finding of last year, and has determined that speculators and traders are to blame for the spike in oil prices. In a related discovery, the new activist administration has just announced that they […]

Idiopathic Policy

Thursday, July 30th, 2009, by

When the vocabulary of economics is exhausted, we must turn to other disciplines…today that would be medicine. “Idiopathic,” as defined by Wikipedia, is an adjective used primarily in medicine-meaning “arising spontaneously or from an obscure or unknown cause.” In plain English, this is the catch all diagnosis MDs reach for when they haven’t got a […]

Bulls. Bears. Dead Cats. And now….Deer.

Monday, July 6th, 2009, by

Now that we’ve mastered the alphabet, a brief history of  Wall Street’s zoological taxonomy… Allegedly, bull markets got their name from the habit of the bull in tossing its victim upward  after impaling them on its horns.  Your basic- losing matador, winning bull – metaphor. While bear markets were named for the ursine habit of […]

The Alphabet Recovery

Thursday, July 2nd, 2009, by

Sometimes it helps to reduce complex outcomes to more easily grasped symbols. Which is how we ended up with the latest shorthand…letters of the alphabet used as symbols to describe the shape of eventual economic recovery. The rules are simple enough.  A downward sloping trajectory refers to a contraction in economic output…ditto…in reverse…for the upward […]

Kudos to Kudlow

Wednesday, July 1st, 2009, by

Not all of television is a vast wasteland. Winston Churchill once famously described the Balkans as an area that produced more history than they could consume locally.  World War I being a case in point. Which basically sums up my impression of the magnitude and pace of change that began with the Bear Stearns bailout […]