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 …






Incentives-Transaction Tax

Taxes are just incentives to behavior. Milton Friedman famously said if you want less of something, tax it. Taxes are a way to generate government revenue-but as soon as there is a tax, people try to find away around it. …






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 …






Brits inflation up sharply

Whoa! This is an eye opener. Everyone in America is on the inflation beat. That’s why gold has had such a run. There has been a fair amount of money lost in the past two years being short Treasuries. But …






Michael Yon Online

I am on a college tour with my daughter this week. Michael Yon is writing the best stuff coming out of the battlefield that you will read. Make sure you hit his tip jar. He is self financed and needs …






The intricate banking system, and the politicians who benefit

Ann Coulter today wrote about Obama being “owned” by the NY Banks. It is an interesting observation. I don’t agree with her verbiage, but Obama’s ears lean to NYC, not Chicago. It would not surprise me if Columbia University, or …






Merkel is smart

The Greek situation has plagued markets for more than a week. Merkel is playing tough. As my friend Yra Harris has said at his blog Notes from the Underground, in decades past Germany used the barrel of a gun to …






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 …






How can they say this with a straight face?

Anyone that knows me knows that I am no fan of the Obama administration. I think they reached a new low today. Watching the video of Gibbs saying that they won the Iraq War is absolutely incredible to anyone who …






Figure of the Day 101K

http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1287086 Check out this video. Well worth the watch. Goldman strikes again. It would be really nice if someone would back me up on 80-95% of my trades. Bet I would trade a lot better. Oh, and if I screwed …






Trading terms(slang)

I went to one of my alma mater’s today and spoke with undergraduate Finance students. First, let me say this. They are so far ahead of where I was at the same stage it’s not even funny. I am amazed …






Stimulus

The rumor is that the House and Senate will pass another stimulus bill. It is 80 Billion dollars in stimulus. The knee jerk reaction by Republicans is this is a bad bill. Of course, the Democrats will say that they …






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 …






Leaf Lard

A few weeks ago, I went to a hog butchering demonstration at Mado. It is in Bucktown, Chicago. They are on the locovore bandwagon. I am not big on that, but the food they turn out is really good and …






Great article

http://news.medill.northwestern.edu/chicago/news.aspx?id=155844 I am quoted along with thestreetwiseprofessor.com. ELX is a parasite exchange that exists solely to steal liquidity and rip off its own customers. The owners of ELX seek to take futures trading underground and into the back office like …