If we have decied that our banks are too large to fail, then how about the following idea? 1. When an individual and a bank agree on a loan, its based on a shared estimate of the value of the home. 2. When a bank decides to underwrote a speculation then both the individual and […]
Category: Markets
A cunning plan on immigration reform
destroy the economy and make the nation a less popular destination http://www.washingtonpost.com/world/americas/arrests-of-illegal-migrants-on-us-mexico-border-plummet/2011/12/02/gIQA6Op8PO_story.html A plan that clever calls for a 17 day vacation. the good news is that he wont get involved in any legislation. The downside would be if he takes that opportunity to invent new policies as successful as his first 3 years. i […]
weekend report summary, Oct 02, 2011
Market in Bear Normal; Market is Neutral on a short term basis Equities returned to last week’s lows, with volatility remaining in the high end of normal. ; Blended monthly rebalancing, current holdings: 26 ETF portfolio: TLT, TLT, SHY (double scoop of TLT) 13 ETF portfolio: TLT x3 (Triple scoop of TLT) (could also use […]
Forced cuts and Congressional politics
Given the political climate in DC and the cynical, self-serving behavior of both parties which is the predictable downside of an entrenched 2 party system, the following scenario really concerns me: I dont think the Republicans in Congress want to win the Presidential election in 2012, since they know the economy isnt going to heal […]
Robert Higgs on the connection between the private economy and property rights
Jim Rogers echoes these sentiments when he describes his preference for investing in regions with more political stability Here is Higgs on regime uncertainty As I understand regime uncertainty, it has to do with widespread inability to form confident expectations about future private property rights in all of their dimensions. Private property rights specify the property owner’s […]
Other peoples’ moral courage with your money
Speaking truth to her own power as a legislator. Tirelessly finding ways to spend your money on her ideas. CHICAGO (WLS) – A lot of reaction Wednesday morning to Congresswoman Jan Schakowsky‘s interview with Don Wade and Roma. Schakowsky said that Americans don’t deserve to keep all of their money because we need taxes to support […]
Dumber than New Orleans?
http://news.yahoo.com/hurricane-yorkers-soak-beach-225117758.html any dumber and they could be mistaken for residents of New Orleans Related articles Photographer(s) to Watch: The New Orleans Kid Camera Project (casasugar.com) Home Library: Gardens of New Orleans: Exquisite Excess (casasugar.com) DEFEND NEW ORLEANS: Hurricane Irene advice offered by former New Orleans Mayor Ray Nagin (shortformblog.tumblr.com) Before and After: Eddie Ross’s New […]
Increase in gold margins as a way to force money into the market to spur the “recovery”
raising the margins on gold is the government’s way of making it harer for people who can see what they are doing to the currency and the economy to profit. As a way of comparison, the chart below shows the effects on silver when the same tool was used.
Maxine Waters: pathetic racist running out of patience
Maxine Waters cant understand why her quid hasnt earned and pro quo’s. She makes Sheila Jackson Lee look reasonable and then asks her constituents to give her permission to be a leader, lest anyone gets their feelings hurt. yeah, that makes me want to send more tax money to Washington Related articles Police: School bomb […]
What some might call pandering, others call…stewardship?
real political courage and leadership on display to expand the entitlement program even further in California. That’s real stewardship of the public trust and treasure right there