on the monthly chart the 2 massive drawdowns are technically similar on a superficial level, but looking closely you will see that the previous massive drawdown tested the bottom several times before steaming back north. the fundamental economy also had not imploded in that one either whereas we are looking at a deconstruction of the […]
Tag: economics
The 5 Day Down Failure pattern explained
example of a current short position in Raytheon that has returned %R already, and more coming it seems; shorting the defense industry is a gimme right now
Geithner: tax cheat should be a part of every story with his name in it.
Geithner is a tax cheat, plain and simple. Who cares how smart he is? Every reference to his name in news stories should read ” …Geithner, the tax cheat…” Tom Blumer has the full story: and more: Byron York at National Review has also been all over the reimbursement issue, and adds several important “he […]
The gift of welfare that will keep on giving, unto the 7th generation
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 […]
Stimulus plan?! How about reward your friends plan?
with 5% of the 800+B going towards actual infrastructure, the truth is revealed about promises made. The ones that matter are the long standing ones made to supporters early in the process, years ago, behind closed doors. Private promises made by public faces. If you wanted a real stimulous for the economy you would remember […]
The right way to get out of debt from Bridgewater Associates
says it nicely in few words: not harsh, or only as harsh as capitalism itself, from Bridgewater Associates: “There is no easy way out of a debt restructuring. Someone will have to bear the cost of prior bad decisions. The people who should bear the cost are those who made the bad decisions to make […]
Market reflections January 24, 2009
1. The teaching is good in our new state-of-the-art college building at Fort Leavenworth. Everyday as I walk to the new building I go past the old building which is being demolished. I’ve been watching the wrecking ball taking apart beautiful building and I can’t help but noticing how quickly the heavy ball takes apart […]
A Reflection on the political process of defense acquisition
In other places , such as this discussion about acquisition reform, and Dr Paparone’s discussion of The Fallacy of Technical Rationality, we have seen commentary on the nature of the acquisition process. There is a strong case for it being political in nature. In any event, politics plays a large role in creating the process, […]
Edge.org: this should be interesting and challenging
Sigh: because i dont have enough on my plate to keep my attention fully engaged. Still, they have some powerful info from one of my heroes, Daniel Kahneman whose intellect spans the whole globe. “To arrive at the edge of the world’s knowledge, seek out the most complex and sophisticated minds, put them […]
Just what kind of a challenge is military acquisition reform? rhetorical?
We were having a discussion about reforming the military acquisition system around the watercooler today, and the subject came up: what kind of lens should we use to look at the problem? Engineering? Political? Scientific? Metaphorical? As we circled around the politics of reform I observed: “…If acquisition is a political process (and it should […]