Sportland Cafe Nisswa, MN

Had breakfast at the Sportland Cafe. Spoke to two WW2 vets and encouraged them to go to the National WW2 Museum in New Orleans. Overheard a lot of the chatter and if it can be extrapolated to small towns all …

YOY

Reporters and analysts always seem to quote year over year(YOY) numbers.   Sometimes numbers make sense, and sometimes they don’t.  For example, if I am a brand new company in Year 1, and then in Year 2 report sales increases …

Unemployment

Sitting up here in Grand Marais, MN at the Java Moose, I read David Altig’s excellent blog.  David works for the Federal Reserve in Atlanta, and is also a Professor of Macroeconomics at the University of Chicago. Recently, Macroblog contemplated …

Fin Reg Passes

Richard Shelby from Alabama said that if the Republican get control, they will repeal it. Smart. Between that and Obamacare, they have two solid campaign issues. The stimulus is the third. However, a recent poll shows Harry Reid up 7 …

High Frequency Traders and the Market

NY Times columnist Paul Krugman has come out against high frequency trading.  Many bloggers and market participants have come out against it as well.  HIgh Frequency Trading(HFT) is a relatively new phenomena in the marketplace.  It became dominant only this …

The Settlers of Catan

Sometimes when you are on vacation, things happen. We were up in Grand Marais, MN. Our place is in the middle of the woods, and since we don’t have Verizon, we don’t have any phone or internet service. Hint, ATT, …

Strippers or Exchange Memberships

 Stripper On Pole [EXCLUSIVE] – Free Clip Art at FunDraw.com For a familiar sounding case study under the title: “STRIPPERS LAW” by Atlantis Consigliore …..Once upon a time, in a free market low tax economy far, far away, a …

George Steinbrenner, "The Boss", Dead.

Sorry to hear it.  Whether you love or hate the Yankees, you have to respect what Steinbrenner did.  A true entrepreneur and capitalist.  He created new revenue streams for his team.  They depended on championships, and the Yankees won a …

Article on Pajamas Media

Go over to the website, www.pajamasmedia.com. There is an article that I wrote posted there on monetary policies dead end. It should run on July 13. I am up in the north woods of Minnesota on vacation, and have little …

The Race Card

Racism is despicable. After Obama was elected, we were supposed to be in a “post racial” age. However, today, his wife Michelle played the race card again. His administration has played it over and over again. Obama himself played the …

Market today

Didn’t surprise me.  It’s summer trading.  The only traffic that you will see is on the interstate highways around the US.  Earnings should be right on.  I don’t think we will get downward surprises.  I also don’t think that we …

Gay Marriage, Abortion, and Social Issues

Always risky wading into social issues. Many times there is no right or wrong.  Topics are so emotionally charged it can be tough to have a good debate. I have spoken with different people on both sides of different issues, …

Market Next Week

Market has had a nice rally this week. It’s still range bound. Buy ’em when they look horrible, and sell them when they look great. There is fear of a double dip recession-but I am not sure we actually ever …

Lebron to Miami???? UPDATED

Surprised me.  I thought he would stay in Cleveland.  MONEY.  However, real estate in Miami is dirt cheap. Plus, Florida state taxes are cheaper than anywhere else Lebron was considering. There is at least one Heat fan that is pretty …

20/20 Hindsight

There has been a lot of discussion lately of the failure of Keynesian economics. Obama passed a $787 Billion dollar “stimulus” package early in his administration. Many prominent economists signed a petition recommending that they not pass a Keynesian stimulus …

1930's Redux

We have all heard stories about the Crash of 1929.  Then, there was the corresponding bad economic policy that lead to the Great Depression.  The government hiked taxes, tariffs, and interest rates; effectively killing any hope for economic growth.  The …

The Most Transparent, Accountable Government, Evah!

I thought Obama said all his stuff would be on C-Span and not in back rooms? Guess again. Instead of facing public Congressional hearings, Obama is appointing his Medicare guy in a recess appointment. Apparently, the new Medicare chief believes …

What's Bid?

Stock market can’t hold  a bid.  In the good old days when an order filler had a massive order he needed to unload, he would turn to the pit and scream, “What’s bid?”.  If there was silence you knew everyone …