Posts from July 2012

Happy 100th Milton Friedman

Today is Milton Friedman’s 100th birthday. He is a favorite icon of conservatives. But, he should actually be a favorite icon of all Americans. Friedman was no conservative in the way many define conservatism today. Here are a couple of …






Breakfast Links

How teachers unions go to bat for sexual predators? Was Sandusky a member of the union? What does Flip think of the Chicago tech scene? Get ready for a government GPS tracker on your car. ($GM, $F) Unexpectedly, Obama takes …






The Romney Character Assassination Has Begun

The Democrats cannot win on the facts. They tried to bend the facts, but the data keeps exploding in their face. What’s left in their playbook? Character assassination. Here are two examples. First, the recent Newsweek cover. Next, comes an …






Federal Reserve and QE3-The Reservoir of Despair

The Federal Reserve is contemplating another quantitative ease. This would be the third one since August of 2009. Like the other’s it won’t make a difference-except because they are artificially devaluing the US dollar, it will make asset prices go …






Big Data Week

This is a big data dump week for the stock ($SPY, $ES_F)and bond market. It also is for the corn market($ZC_F). Throughout this week, private crop estimates will be released on the condition and bushel per acre estimates of the …






Breakfast Links

The Road Show. Today at 10am, Tony LaPorta of Powerpoints fame will have a free seminar on trading. Ycharts CEO on information and the financial services sector. Have you seen Tallgrassbeef‘s new website? NBC is getting some brickbats from their …






The Drought, and GMO Crops

As anyone knows, we have had very little rain this year. At the end of this week, the market will get the official USDA estimates of what the corn crop looks like. Private estimates will be available during the week. …






Breakfast Links

Should the futures industry have an insurance fund? Atlas Shrugs in the election. Scorched earth in the midwest. Not as bad as 1934, more like 1988. But it’s pretty bad. Remember “death panels”? Advocates for Obamacare said they wouldn’t exist, …






1992 Dream Team vs 2012 Olympic Team

Lebron James cracked that this Olympic Team is better than the Dream Team of 1992. Kobe Bryant agrees. They must be smoking something pretty good. Time for a blood test. Here is the roster of the Dream Team vs Today’s …






Breakfast Links

Krugman, Delong and inflation. Thinking counterintuitively. Heh. Now the British are in on it. The War on the Suburbs. New “man’s aisle” at the grocery. Where was I in 1962? Being born. A review of the Olympic opening ceremonies. Are …






Drought and Milk And Cheese and Meat

In the past few days, the news has been filled with stories about how food prices are going to skyrocket. Estimates range from 5-6% higher. When the news media gets a hold of a story, I tend to be cynical. …






Breakfast Links

How do you save for emergencies? Did you know MF’s Corzine was using Eric Holder’s law firm? You don’t say! HFT is raising costs, not lowering them. Uff Da! Geithner and the LIBOR manipulation. “At the same time, however, he …






Did The Tech Bubble Burst Again?

Facebook($FB) reports and slumps after hours. Earlier this week, Zynga($ZNGA) got whacked. Groupon($GRPN) has been getting beat up since it went public. LinkedIn ($LNKD) is slightly above where it opened. Yelp ($YELP), lower. All these are companies that were created …






The Echo of Milton Friedman

“If a government were put in charge of the Sahara Desert, within five years they’d have a shortage of sand.” — Dr. Milton Friedman Smithfield($SFD) is going to import corn from Brazil. Corn. From Brazil. ($HE_F) It’s like the Middle …






Rahm Rejects Chick Fil-A. Not Chicago Values.

Rahm Emanuel sided with Alderman Joe Moreno. They don’t want to give Chick Fil A a permit to build in the Logan Square neighborhood. Rahm said something about Chicago “values”. Let me give Chick Fil-A a lesson in Chicago values. …






Oshkosh Airshow

Yesterday I didn’t work in any productive capacity for myself at all. I went up to Wisconsin to the Experimental Aircraft Association‘s (EAA) annual Oshkosh fly in. They were celebrating some icons of World War Two, the Tuskegee Airman, so …