Monday, September 27, 2010
Get out of the stock market
Thursday, September 23, 2010
Ravinia in September
Tuesday, September 21, 2010
Theodore Roosevelt National Park
This trail was not the beaten path that I have usually encountered on my hikes. Often times there was no real trail but rather a marker on the horizon that you could locate and then navigate towards. I took a picture of this one and labeled it but you have to click on the photo for the enlarged image to actually see the marker.
Thursday, September 16, 2010
Economy Caught in Depression, Not Recession
Writing in his daily briefing to investors, Rosenberg said the Great Depression also had its high points, with a series of positive GDP reports and sharp stock market gains.
But then as now, those signs of recovery were unsustainable and only provided a false sense of stability, said Rosenberg.
I have been writing about our current economic situation for at least 5 years. (And yes, this is a pat on the back.) Now that we are in the middle of this mess it is a good thing to remember that getting out of it will require asset prices to fall relative to incomes to a ratio that will make even the most frugal willing to invest and buy. Until then it is a good idea not be patient.
To get out of a depression, a country’s consumers and businesses must pay down the debts they have accrued. Only then can demand for consumer and capital goods pick up. Government can, however, accelerate this process through public subsidies to individuals, businesses, and banks, and through jobs programs. If government decides not to stimulate spending and demand, as occurred in the United States in 1938 or in Japan in 1998, it can cause a regression in the recovery and prolong the process over a decade.
It is a better idea to watch those in power because they will have a lot to do with when we get on the right road. The above quote is so ignorant as to be breath taking. Japanese debt/GDP level is above 200% and this guy is saying they gave up on stimulative spending in 1998?
Wednesday, September 15, 2010
Meghan McCain is a moron
This presented a dilemma.
It is impossible to read Dirty, Sexy Politics and come away with the impression that you have read anything other than the completely unedited ramblings of an idiot. This being a professional website for which I have a great deal of respect, I searched for a more eloquent or gentle way to accurately phrase the previous sentence – but could not find one.