Scrap prices and gasoline is going up- that is inflationary. Housing prices are declining fast – that is deflationary. Wrong on both counts. Inflation is caused by in increase in the money supply, not an increase in any single commodity
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Scrap prices are skyrocketing, up around $80 a ton since December. (In late 2003 scrap sold for only $130 a ton). This is reminiscent of 2004 when skyrocketing scrap prices coming off a market low increased steel prices over 50%
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I discovered the Rules of Thumb Web Site: http://www.rulesofthumb.org/ some interesting Rules of Thumb from the site: THE CURIOUS RULE OF FARTSA farting horse will never tire; a farting man is one to hire.Louis G. Heibel, from Walla Walla, Washington
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Banks used to make money by holding quality assets in their own portfolio. Banks were then conservative because no bank wanted to own a non performing loan. Bank officers were rated on the quality of the loans they originated. Over
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I think we could see a replay of the first Bush admisnistration. With a 90% approval rating after the successful Desert Storm he went on to lose the election to Bill Clinton. The war was won and forgotten and the
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Ralph Peters writes about how well the surge is going in Iraq. Read the article Al Qaeda is running and devasted by the Patreus effort. The Sunnies have joined with us and delivered a devastating defeat to the terrorist camp.
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Even after the Enron and WorldCom meltdown, 911, and expense of our wars in the Middle East, unemployment is low, lower than under Bill Clinton. Medical technology continues to bring new drugs and cures. My daughter will have the opportunity
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Economics in One Lesson by Henry Hazlitt is probably one of the most important books in economics ever written and it was not written by an economist. The central premise is that an economist must look at the total picture
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Many large banks had to put up substantial sums to keep their money market funds from “breaking the buck”. Typically money market funds maintain a net $1.00 share price. If the underlying securities decline below a dollar per share then
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Bank stocks have been slaughtered in the last 6 months. Many regional banks are selling at a fraction of their previous prices. Some of them are yielding over 6%, leading one to inquire how secure the dividends are. It is
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A politician will tell you what you want to hear. A statesman will tell you what you need to hear.
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Here is my personal voting strategy for this election. The reality, some would say the inevitability, is that the House and Senate will be Democrat. With a Democrat President there would be little to impede their agenda. High on their
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So the polls were incredibly wrong about Obama’s victory in New Hampshire. Occasionally we need to be reminded of the imperfection of polls.
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My 12/15/07 Intrade prediction gave NH to Hillary, but also predicted Romney to win the Republican caucus. Mc Cain’s surprise shows how fluid the campaign still is, at least for the Republicans.
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I have had a difficult time defining people by political labels. Democrats seem to want to let you live as you want, but want to control how you spend your money- either through tax incentives or tax appropriations. They feel
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Great (American) ExpectationsBarack Obama shows why foreigners consider us naive.BY BRET STEPHENS Tuesday, January 8, 2008 12:01 a.m. EST from OpinionJournal.com (excerpts) There is great virtue in the American way, which expects CEOs to perform on a quarterly basis, presidents
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From American Thinker: see recommended sites January 07, 2008How I Learned to Stop Worrying and Start Loving ObamaBy Randall Hoven excerpts: In my lifetime, Republicans have run on platforms of reducing government and being more faithful to the original intent
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I am as strong a second ammendment gun rights advocate as there is. I own several firearms including semi automatic rifles and pistols. The Georgia Senate bill SB 43 proposes to allow employees to keep a weapon in a locked
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From American Thinker (see recommended sites below) January 05, 2008Global Hot Air from the BBCBy Graham Cunningham Mankind has, of course, always been subject to episodes of mass hysteria and the witch hunts that will follow in its wake. Never
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to know what you are talking about. From the January 4th OpinionJournal Political Diary John Edwards Needs a Maytag Repair Man John Edwards made a curious choice for a companion on stage in Iowa last night. The former senator from
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