Posts in News

Hey, who threw that pie in my face?!!

Living in the city of Chicago, you run into a lot of different ideas, views, people and see what can only be described as weird stuff from time to time. I had always heard of vegetarians, but had never heard …

Capital Gains, the truth that no one talks about

Today’s Wall Street Journal has an op-ed about the coming capital gains tax increase under the abomination called Obamacare. The pending bill will raise capital gains taxes 2.9%, on all investment income. That money will be transferred into Medicare. In …

FOMC Meeting

Today the FOMC meets. They are having lunch and smoking cigars while I type. Fed policy has been on hold since the financial crisis started. The only dramatic day has been the day they announced a quantitative ease last year. …

New Basic Training

The military basic training experience is designed to acquaint you with the differences between military protocol and civilian life. It is not a pleasant experience. Anyone that has been through it can attest to that. To me it wasn’t the …

Is the Gild finally off the Lily?

Maria Pinto is the designer to Michelle Obama, and Oprah. She is closing her store in Chicago. Big sale there. Ms. Pinto is blaming a soft economy. However, places like Hermes are doing bang up business. She certainly got the …

60 Minutes, Inside the Collapse

Tonight on the television show 60 Minutes, they profiled the writer Michael Lewis. He wrote Liar’s Poker, and his new book on the collapse of the financial system is out later this week. It was a compelling interview. Normally I …

The Pacific

Tonight on HBO a new mini series starts. If you get HBO, you ought to take the time to watch it. It’s about the war in the Pacific. Peruse the internet, and you will find many reviews of it. Some …

Figure of the Day

New York cabbies overcharge by 8.3 Million! A surprise? No. I know Washington DC cabbies rip everyone off. They don’t have a meter, but a chart from zone to zone. That’s why there are so many attorneys in DC. They …

SEC and Short Selling

In my post on Fungibility, I talked about the different attitude of the SEC and CFTC with regard regulatory approach. Yesterday, the SEC decided by a 3-2 vote to limit short selling. The vote was among party lines. The SEC …

Is there such a thing as government logic?

Health care is getting the ink this week, but here is a case and point of why government is too big. The Democrats want to increase tourism. Their proposal, a new agency funded by a tax on international travel-TRAVEL PROMOTION …

Obama and the health of Democrats

Obama is hosting a health summit this week. It is for show only. The press has lapped up the Obama White House tidbit that he has trimmed it to be budget neutral. However, no plan proposed by a politician of …

Fungibility

Fungibility is a term that few people are acquainted with, but in the coming years it could be a very important term to the American Taxpayer. Essentially, everyone lumps markets into one bucket. The pitchforks are out chasing New York …

Great use of solar power

Solar power on large scale is a waste of time and money. The only way the economics work is via government subsidies. Virtually every solar deal I have looked at as an angel with www.hydeparkangels.com doesn’t work. The other thing …

Figure of the Day 5 Billion, and it's not the government

This isn’t news. But it still amazes me. Bookies clean up on every Super Bowl. All the “smart” money I knew bet the Colts. Some took the under, but I bet most took the over. The party after the game …

Figure of the Day

Unemployment was down to 9.7%. U-6 was down to 16.5%. The black sheep says that lots of people just quit looking for a job. The half full guy says it’s getting better. Market was down, but rallied late. It is …

American Thinker

Here is a link to my American Thinker article. American Thinker: Obama Turns On the N.Y. Banks Think of this in context of the ELX-CME struggle.