Posts in Uncategorized

Oh Christmas Tree, Oh Christmas Tree or Here Comes the Lard

As the Financial Regulation bill works its way through the Senate, it picks up fat. Politicians love to spend money. I thought this bill was to re-regulate financial firms. Instead, some Senators are putting pet projects unrelated to financial reform …

Immigration Story

Too often, fights about immigration in the US get ground into soundbites.  “We are all immigrants.”  “All Hispanics are illegal.”  “Fence the borders”  “On the Statue of Liberty, it says give us your tired, your poor, your hungry.” Well, I …

Nothing Going On This Weekend

Working on an ebook.  So, decided to post this video of the A-10 Thunderbolt.  The US  Air Force has a great slogan, “When it absolutely positively has to be blown up overnight.”!  A-10 is lethal.  Many are flying in the …

Listen to this Video Until the End-I Guess it is "Why We Fight."

This is extremely scary. I would expect more local homegrown terrorism from radicalized American citizens. We have had a murder spree at a military base, a couple of failed bomb attempts(only one by an naturalized American). Listen to the hate …

From a Squawk Box next to the CME S+P Pit

This is how it used to be.  Crazy.  If the market was all open outcry, the break would have been much slower-and it may be doubtful that it would have happened at all.  Tip of the hat to zerohedge.com http://www.zerohedge.com/sites/default/files/Market%20Crash.mp3

Snicker Going Around the Floor

Hey, that’s what you get with government employees. They turn millions into billions….. Since Citi is owned by the government now!

NOVA

Here is a NOVA program on behavioral versus traditional market based Adam Smith notions of economics.  Very interesting. Mind Over Money | NOVA | PBS Video takes about an hour to watch. Some feedback:  First off, the behavioral experiments are …

Figure of the Day-10.6 Billion for Freddie

The CBO reports that by the year 2020, the US taxpayer will have spent 389 Billion bailing out Fannie Mae and Freddie Mac.  Yesterday, Freddie Mac asked for another 10.6 Billion since they lost so much money the last quarter. …

Now Obama Targets your 401(k)

From Gateway Pundit, the Obama administration is targeting your 401(k) to pay for the bail out of unions. It would act like another layer of social security.  The idea has floated around in hard left circles for a long time. …

The Marriage Saver

http://www.youtube.com/watch?v=bM4eJ38S7Hw&feature=player_embedded I first saw this at thedanzatap.com. Laughed so hard I couldn’t resist posting it.

Obama Affair

There are several ways to take this.  One, the story was planted by the Obama people to get the public’s mind off the gigantic tax raise that they are going to get in 2011.  The Obama brain trust figures evangelical …

More on the Goldman Hearings

This afternoon I did a short appearance on Fox Business with Liz Clayman.  I made the point that the market rallied today after the Senate again voted to table the Financial Reform package.  She made the point that Goldman Sachs …

Figure of the Day-April 27

Today is Financial Literacy Day in the United States.  This is a good idea.  Kids should be taught basic microeconomics starting in Kindergarten.  Fortunately, microeconomics if taught correctly is apolitical.  The politics are in macroeconomics. Maybe someone ought to to …

Trust Fund Kids and Their Money

Since America was created, the world has seen dramatic wealth creation.  It wasn’t luck.  It was the entrepreneurial spirit of America.  The government culture also fostered this entrepreneurial culture.  Low taxes, low regulation, government stayed out of the way of …

Figure(s) of the Day $2-$14

Bjorn Lomborg is a statistician and scientist. He was given the project of researching global warming, and found that we were actually cooling!   He was pilloried by the European scientific community for not going with the flow.  But, the …

Tax the Banks!!!! Not.

Great Britain’s Prime Minister Gordon Brown has called for a bank tax.  Now the IMF is calling for a bank tax.  This is a far reaching tax.  It is a tax on productive capital and will decrease GDP across the …

Is the US a sort of Roach Motel?

Immigration is a big hot button issue in some states, especially those along the southern border of the US. However, does anyone ever look at emigration from the United States? Now that we are on the road to western european …