Posts in Economics

Do Active Traders Do Better In Down Markets?

If you open your financial statements and look, you will feel a huge temptation to sell everything.  Since Jan 1, the market has fallen out of bed.  The world news isn’t giving anyone confidence either.  Japan is finally imploding.  The …

Adam Carolla Show

A week ago I taped a show with Adam Carolla. It was released today. I had never met him before. He, or someone from his staff read one of my blogposts and they asked if I would be willing to …

Some Watch Big Companies; But It’s All on The Consumer

Big companies are pulling back.  They are afraid.  It’s not as if they have been investing in new property plant and equipment over the last 8 years to expand operations.  Let’s be honest, the big dogs have basically manipulated balance …

Economic Freedom and Economic Opportunity

The US is out of the top ten countries in the world by the measurement of economic freedom.  That’s definitely not cool.  Hong Kong has always been number one.  Totally weird to me since they are a part of communist …

Hope For The Future

Today the Iowa primaries play out…..finally.  I was checking my Twitter feed this morning, and I saw this tweet from Balaji S. Srinivasan. He is a venture capital partner at a16z and heavily immersed in Bitcoin. 1/ Trump/Sanders are what …

The New York Times Is Dumber Than I Thought

Yesterday, The New York Times editorial board called for transaction taxes on trading financial instruments.  Hillary Clinton and Bernie Sanders favor transaction taxes. They are dumber than I thought. I have written about transaction taxes before here, here, here and …

Time To Restructure

Today my friend David Gaffen tweeted Exclusive: Puerto Rico creditors asked to take 45 pct cut on debt – sources https://t.co/MhDOsZbGeJ via Reuters — David Gaffen (@davidgaffen) January 30, 2016 Puerto Rico is bankrupt. But, so is Illinois. So is …

Cracks in Big Venture

The Big Venture formula that people read about always made little sense to someone like me.   I was reading Danny Crichton‘s article in TechCrunch and found myself thinking back to 1999.  Here is the formula as relayed by Danny: …

Locked My Keys In The Car

Yesterday, we were babysitting my daughters dog.  I put a photo of him on PeggSite.  We decided to drive out to the Forest Preserve and take him for a walk.  We drove out, fought traffic on the Ike, walked around, …

How To Empower People: Where To Start

The other day I wrote about how to begin empowering people to help them lead sustainable lives.  It’s often said that America is a big experimental laboratory.  There are 50 states that act independently, so we have a chance to …

The Solution to Income Inequality is to Empower People

Income inequality is on the minds of journalists and political candidates.  It’s on the lips of people who worry about social justice.  I think income inequality is a symptom and solving for it won’t change anything.  There are deeper problems …

Core Economics of a Business

Core economics mean different things to different people.  I am a strong believer that there are markets in everything.  Human behavior is ruled by economics.  People try to maximize their utility.  This manifests itself in different ways because we are …

SEC Approves Crowdfunding for Everyone

This news was announced the other day, but I wanted to let it ruminate inside me for a bit.  Howard Lindzon commented here.  Anyone that reads this blog regularly knows that I am a huge fan of individual liberty.  I …

Have Faith in Markets

As a former floor trader, I am a student of markets.  There are markets in everything.  When I started studying for my MBA at Chicago, Professor Kevin Murphy gave us our opening lecture.  I don’t remember too much of it, …

The Reason The Fed Needs to Move Interest Rates Higher Now

The Fed “pulled a Lucy” at their last meeting.  They had the entire market teed up for a kick and pulled the ball away as they saw other world markets deteriorate.  No doubt the US Federal Reserve needs to pay …

Why Can’t They Just Leave Us Alone?

We had Obamacare, now we have ObamaSave. It’s the proposed rules on retirement courtesy of President Obama. When you roll over a 401(k) to an IRA, you will have to be advised by someone acting in your best interest. Do …

Hillary and the HFT Tax

Hillary Clinton wasn’t talking about her email scandal the other day.  She flip flopped on a trade package and then waded into populist waters.  It’s popular to hate Wall Street.  After all, they destroyed our economy right?If you investigated it …