Trust the Financial Times of London to get it right, as usual. At least their press hasn’t folded up like cheap lawn chairs in adoration: About a third of the present stimulus bill – the welfare and social service parts – will be exceedingly hard to end. That includes the $92.3bn being spent on labour […]
Category: politics
Borrow more to get out of debt: all it lacks is an 800 number and an infomercial
In a sequence of CSPAN broadcasts, Washington insiders expressed their shock—Shock! at the state of the budget disaster in Congress. Senator Conrad, has suddenly discovered just how deep the debt hole that Congressional spending, aided and abetted by an unprincipled administration, has put our children in. Because its our children thathave inherited the mess these […]
Tactical trading: maxpain strategy in oil pays off within a week
closed our tactical trade in oil, using the 2x leveraged oil ETF (DXO). we bought at $2.20 with a .2 initial stop, after oil closed below $30/barrel, and closed the tactical portion of the trade today at $3.45. Thats a little over a 6R win in a week. here are some of the supporting slides […]
US government debt and the first rule of holes
when you realize you are in one, stop digging
Madoff: a matter of scale
a nice meta-insight from Lew Rockwell, that puts Madoff in perspective as representative of the direction we were heading as a nation. His opinion: the difference between Madoff and the government: a matter of scale Madoff’s scheme played into the belief that wealth was not something to work for, but something to scheme for. It […]
Farmers and automakers; remember the crucial difference…
I am trying to appreciate the difference between paying farmers not to grow crops and to prop up their prices with government subsidies and the outrage expressed by conservatives at paying automakers not to make autos (as canada joins the team in shoveling money at the Big 3) This time its different though, because the […]
Debate #2: commentary
Obama looks stiff when talking to people; saying “Look” sounded pretty harsh McCain is tired and confused Both are still using a lot more attacks than I expected given the strongly expressed desire to hear solutions Obama asking for a line item veto?! and posing as a fiscal conservative?! Still speaking stiffly. The 68 million acres […]