National World War Two Museum-New Orleans, Louisiana

This week end, the National World War Two Museum in New Orleans, Louisiana is having a black tie soiree. It is a fundraiser for the museum, and if you are near NOLA, or want to go, buy tickets here.  It …

In Flanders Fields…

Little late with this. 11 hour drive from Northern MN to Chicago. Traffic horrible. But not any more horrible than what our guys are experiencing all over the world. I posted this to my Facebook page, but I really love …

WOW, shocker for salt water economists

The Harvahd Business Review reports that when government engages in stimulus, businesses cut back spending! The study is pretty comprehensive, starting in 1967. When you practice economics at the alter of Keynesism, you believe that government spending primes the pump, …

Thanks, big shout outs

Thanks to Takeareport.com for including us in their blogroll. Thanks to Pajamasmedia.com for including us in their blogroll.

Vacation

Headed up to Minnesota for a few days, so I won’t be blogging. No electricity (solar powered) or running water where I am headed. Just mosquitos and black flies. See you next Tuesday. I am sure I will wet a …

Memorial Day and Presidents

Memorial Day was originally called “Decoration Day”. It started after the Civil War to remember the dead soldiers that fought. It wasn’t until 1967 that the federal government officially called it “Memorial Day”, and it wasn’t until 1968 that they …

M-3 Money Supply Down

Years ago on Thursday afternoon, all the financial traders of the world used to wait in anticipation of the Federal Reserve release of the weekly money supply numbers.  It was a big deal, especially in the 1970’s when the Fed …

Figure(s) of the Day-UPDATED

Two figures of the day today. One is American Idol. I mention it because a guy from the CME Trading Floor started a company in his backyard called “Wuli Records”. There was a kid who used to jam in his …

Everything is OK…Right?

Market rallied late yesterday, and is up today. So everything must be okay right?  Hardly, the market is taking a breather.  It will assume a direction depending on the outcome of events.  Plus, it’s looking forward to a long holiday …

Technical Analysis and the Market

I was on CNBC early this morning and got into a little debate about Technical Analysis: Technical analysis is a useful tool.  No doubt about that.  However, you can get married to technical analysis.  This causes you to make bad …

Ugly-Uncertainty is Never Bullish for Markets

Roubini might be right again this time. He got some help from Korea. The contagion in Europe has spread to Spain. Spain has always been a profligate spender of other people’s money. Infamously, they implemented a “Green Jobs Program” that …

Gold, Congressman Anthony Weiner, Glenn Beck and You

No doubt that you have seen ads or heard ads in the media touting GOLD!! What should you do? Are you missing something? Congressman Anthony Weiner(D-NY), and media personality Glenn Beck have gotten into a big tiff over GOLD.  Of …

Ban Speculation

That didn’t take long.  Greek PM wants to blame the speculators for his problems.  He is calling for an international coordinated attack.  Plus, he says Green jobs are the future of the Greek economy. This is hilarious, if it wasn’t …

Reprint from Ace of Spades

I love the way this is presented.  It’s a good piece and I reprinted the entire thing.  Monty at Ace of Spades HQ wrote it.  Here it is: An Upright Man Let’s try a little gedankenexperiment: Let us pretend that you …

The Euro

The Euro will end. It was a grand experiment. But it will end, and end badly. The population of Germany has come to the realization that they are paying for the excesses of the PIIGS(Portugal, Ireland, Italy, Greece, Spain). From …