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 …

Twitter Update-"pointsnfigures"

I am still learning a lot about Twitter.  It’s really a powerful tool if used correctly.  You can follow this blog on twitter by tapping the new button in the upper right hand corner.  We also have a Facebook page, …

iPhone 4 Mania

Sharp Booth Graduate School of Business grad Anna Janowski posted this video on her Facebook. I stole it. Peed in my pants while watching it.

The Church, Usury and Good Credit Policy

John Vest is a Presbyterian minister.  He blogs here.  Rev. Vest sent me an interesting policy piece regarding the Presbyterian Church, usury and the 21st Century. The Bible talks about usury, so it is appropriate for the church to try …

Economic Models

One of the problems with the financial crisis was that stat geeks in the back room created models that replicated underlying assets. In the over the counter(OTC) derivatives market, they would trade exotic derivatives. Instead of actually looking at what …

Who needs NASA?

I spend a little time in northern Minnesota in the summer.  We are on a little lake up near Grand Marais.  Grand Marais is a cute little town, with the World’s Best Donut shop.  A couple of enterprising fellows on …

A Brief Thought on America

Am-e-ri-ca.  The word rolls off the tongue.   In every dialect, the four syllables mean one thing to billions of people.  Freedom, opportunity. Medal of Honor recipient Herschel “Woody” Williams said it best.  It’s how I feel on the 4th. …

Da Future

Lots of economics blogs out there. It is fashionable to be an economist now. Even Obama has given up law and has become an economic prognosticator. Of course, like most of them he has been wrong. To be a real …