Weak Dollars and the Yuan

It’s funny to listen to government officials talk about their currency value. The US hasn’t had a true strong dollar policy for years. Even though officials have publicly stated they were for a strong dollar, their policy hasn’t followed suit …

Hot Dogs

My friends that visit Chicago always ask about the steaks. Of course, we have great steaks. We have great other stuff too. Charlie Trotter’s, Aruns, Spiaggia, Frontera Grille, are top restaurants in their categories. World famous. Chefs on TV. But …

Figure of the Day

1% That’s the total amount of beer consumption today when compared to annual consumption! Or, 1% of all beer drank in a year is consumed today. Happy St. Patrick’s Day!

Capital Gains, the truth that no one talks about

Today’s Wall Street Journal has an op-ed about the coming capital gains tax increase under the abomination called Obamacare. The pending bill will raise capital gains taxes 2.9%, on all investment income. That money will be transferred into Medicare. In …

FOMC Meeting

Today the FOMC meets. They are having lunch and smoking cigars while I type. Fed policy has been on hold since the financial crisis started. The only dramatic day has been the day they announced a quantitative ease last year. …

New Basic Training

The military basic training experience is designed to acquaint you with the differences between military protocol and civilian life. It is not a pleasant experience. Anyone that has been through it can attest to that. To me it wasn’t the …

Is the Gild finally off the Lily?

Maria Pinto is the designer to Michelle Obama, and Oprah. She is closing her store in Chicago. Big sale there. Ms. Pinto is blaming a soft economy. However, places like Hermes are doing bang up business. She certainly got the …

Figure of the Day – 12000

Gross This woman is shooting for a new Guinness Book of World record. 1000 pounds. She eats $815 bucks of food a week. High calorie diet, 12,000 per day! She currently weighs 602lbs. Wow. What a role model! And you …

Dodd's Bill

Senator Chris Dodd will introduce his bill to the Senate without bi-partisan support. I blogged about it earlier here. It’s generally a bad bill. Why? It doesn’t address the root causes of the financial crisis and colors outside the edges. …

today's early market

Market volume is still subdued. It’s roll over in the S+P’s, and the volatility has been pitiful in the spreads. They traded only two prices on Friday! If we were talking Treasuries that wouldn’t be a big deal, but the …

60 Minutes, Inside the Collapse

Tonight on the television show 60 Minutes, they profiled the writer Michael Lewis. He wrote Liar’s Poker, and his new book on the collapse of the financial system is out later this week. It was a compelling interview. Normally I …

The Pacific

Tonight on HBO a new mini series starts. If you get HBO, you ought to take the time to watch it. It’s about the war in the Pacific. Peruse the internet, and you will find many reviews of it. Some …

Figure of the Day

New York cabbies overcharge by 8.3 Million! A surprise? No. I know Washington DC cabbies rip everyone off. They don’t have a meter, but a chart from zone to zone. That’s why there are so many attorneys in DC. They …

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, …