March Madness is Starting

One of my favorite times of the year. St. Patrick’s Day and March Madness. A chill in the weather so no one gets mad at you for sitting on your ass for hours at a time, watching basketball and drinking …






Figure of the Day

At Intrade, they have a market for health care. You can buy or sell. If you think it passes, buy. If you think it will fail, sell. You get to make or lose a little money for you opinion. Currently, …






Ignorance of Economics in the Health Care Debate

The health care debate is atomically charged with lots of emotion. If you don’t believe in Obama’s reform package you have been called, a racist, a curmudgeon, resistant to change, a luddite, not capable of compassion for your fellow man …






Figure of the Day 5 Trillion with a T.

Here is a link to Rep. Barney Frank saying the US Government doesn’t back the debt of Fannie and Freddie. 5 Trillion of the debt isn’t treated as debt. It’s accounted for somewhere else. As Enron and Bernie Maddof found …






Inflation-why it won't be as bad as you think

If you listen to enough business television, you will hear the word inflation over and over again. People are afraid of it, and rightfully so. Inflation is like a secret tax on economic activity that saps stored wealth. Of course, …






Ugh. Can't these guys think for themselves?

No matter where you stand on climate change, this story ought to disturb you. All the environmental wackos are meeting in private to dictate what White House public policy will be. Currently, there has been a lot of controversy as …






Razorbacks

Feral hogs are a massive problem across the US. They are seriously damaging to land in the south. With toughness in the economy, entrepreneurs are naturally figuring out ways to make a living by solving a problem. In Florida, one …






Figures of the Day

This was a tough one today. We had the Florida woman who got in an accident while driving in her car. No, she wasn’t texting. And over at The Danza Tap, a good story about the Kansas Assistant b-ball coach …






Why the Economy is so Slow

Are you watching CNBC these days? Because of my occupation, we spend all day with it on in the background. Since October of 2008, you know where most of CNBC’s coverage has been? The committee rooms of Washington DC. When …






Weird Market

What a very weird market. Low volume rally, but it won’t break. Lots of uncertainty in the air. Beige book comes out positive. Then Obama gets on and talks the market down. Greece is bailed out, but then we hear …






Italian Beef

Chicago is a town that eats better than any other place in the US. We have high end places like Charlie Trotter’s, Spiaggia and Arun’s. We have great little bistros like Le Bouchon and Bistrot Margot. But we have the …






Separated at Birth?

Anyone think former Governor of NJ and Cookie the Clown from Bozo’s circus were separated at birth?






Figure of the Day

NYSE Volume   4,134,726,000 NASDAQ Volume  2,673,824,433 BATS Volume   1,036,889,262 Over 40 Electronic Communication Networks (ECN) like BATS exist today.  They are generally private markets not available to schmucks like you and I.  When you enter an order there, …






Price Discovery key

Thomas Caldwell of Caldwell Asset Management wrote a nice article in the Financial Times March 1. In it he talks about regulation and structure, two points that I have also been trying to illustrate for a while. The politics behind …






Tax Season

It’s the middle of tax season. Obviously, it’s easy to grouse about taxes. The Tea Party movement has taken hold, and one of the reasons why is that American’s in all states are severely overtaxed. When you look at the …






Midday market comment

Market is up today. Early morning data didn’t frighten anyone. Plus, there seems to be good news out of Europe. They are working on the Greek crisis, and one would assume that they are working on the rest of the …






Stacking the Deck

It’s well known that if you want to cheat at cards, you stack the deck. Marked cards, card readers, card counting are all ways to try and take gambling odds and turn them on their ear. The investment banks in …






Wow, what a game

Just finished watching the overtime game between Canada and the US. I didn’t want it to end. Both teams showed so much heart. Jonathon Toews was arguably the best player on the Canadian team for the entire tournament. Patrick Kane …