Crimea and Putin Drag On

Didn’t I say that you can’t predict the market if you can’t predict what effects the market?

I haven’t written anything on the Crimea yet. In the end it will probably pass and be quickly forgotten. Remember the Japan earthquake and the impact it had on the markets?

Crimea provides a great example of the unpredictability of the markets. Can anyone predict what Putin will do? Sometimes he acts like a world leader. Sometimes he acts like and ex-KGB ...

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Ordering Food at Chili’s – Are you Serious?

Did Emanuel Cleaver just complain to Janet Yellen about how you order food at Chili’s?

Why yes he did. Apparently Chili’s has a system where you sit at your table and order food over an intercom rather than having a waiter come to your table. Cleaver thinks that this is an example of why we have high unemployment.

First there is the obvious issue of technology and change. It is a big mistake to ...

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Fed Testimony – Congress Has Lost It!

Watching Janet Yellen’s first testimony to Congress as Chairman(woman) of the Federal Reserve.

It is one of the more ridiculous things I have seen in the political sphere. We all know that politics is a lot about posturing and show – then behind the scenes all sorts of deals take place that we aren’t told about. We also know that congressional hearings have little to do with finding truth and more to do with making a public show.

But ...

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The Government Guaranteed Asset Counter

Walking down 6th Avenue yesterday in New York, I ran into that “National Debt Counter” we have seen so many times in the news.

As I walked by I noticed that it breaks down the national debt into a per-person amount, which was $148,763.

The per-person statistic particularly caught my attention. Why? One person’s debt is another person’s asset. What if you were told that, on average, there are $148,763 per US citizen of government guaranteed assets out there ...

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Debt Limit Debate is as Old as the Country

These two just won’t stop fighting.

Over two hundred years since Hamilton got himself killed, I can hear Jefferson and Hamilton continue to fight via the words and arguments being tossed out over the debt limit. Mostly I hear Jefferson coming from the camp that is contemplating whether or not it would be a “big deal” if we ran up to the limit. Answer: Yes, it would be terrible.

I am horrified by the casualness with which they toss around ...

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The President Should Ignore the Debt Limit

That’s right. If we get to the debt limit, it should be totally ignored.

What the President should do

Here is an explanation of what the President should do and why he should do it if we go over the debt limit.

Please understand that I am not writing this in support of one party or another. This has nothing to do with whether or not I think the Affordable Care Act is a good idea. I am also not ...

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US Debt Ceiling – From Another Perspective

Congress just keeps fighting and fighting about the federal budget – and the debt ceiling is rearing its nonsensical head again. I continue to believe this whole US public debt issue needs to be understood from the reverse perspective.

I recently wrote a post on the size of US public debt and why I don’t think it is as large of a problem as many would have us believe.  I also ...

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Larry Summers Keeps Coming

More information has come out indicating Larry Summers may be Obama’s choice for the Chairman of the Federal Reserve.

Sometimes this sort of leaked information is just plain wrong. Every once in a while that happens. Let’s hope this is one of those times.

It isn’t that summers it the devil. There is nothing that “awful” about him. The worst part about a Summers appointment is that it ...

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