My Comment: Yesterday, at my usual barbershop, there was a vigorous discussion between the person next to me and his barber about how it was Obama’s fault that gas prices were so high. When I asked how it was possible for him to so aggressively influence the price of oil, I was told that it …
Category: Global Economics
Has Congress Made the Recession Worse?
By Charles Riley | CNNMoney.com – Thu, Feb 23, 2012 Since the economy dropped off a cliff in 2008, members of Congress have not exactly been shy about casting blame for no-or-slow growth on a variety of bureaucrats, outside institutions and Wall Street power players. But if lawmakers are looking for an explanation as to …
The State of the World: A Framework, by George Friedman
My Comment: Today must be Wednesday since the principal blog post is about politics. But I'm tired of the clowns involved in the Republican primaries and so am going a different direction. George Friedman is clearly a strategic thinker and describer of stuff that will ultimately influence how our lives will play out over time. …
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U.S. Needs Chinese Partners in Asian Century
My Comment: I think there is an increasing awareness, at least I hope there is, that the future of China and of the United States are inexorably tied together. Ever since the end of the Cold War, there has been a lack of balance among nations on the global scale. We are the undisputed super …
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A Positive Narrative for U.S. Foreign Policy
My Comment: At last, a positive message! From time to time you’ve heard me rant about the negative messages that surround us. And I’ve promised from time to time to give you something “not negative”. Yeah, I know, I need to get my head fixed as well. Here is a post from my favorite thinker. …
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What Austerity Hath Wrought
By James Fallows - James Fallows is a national correspondent for The Atlantic and has written for the magazine since the late 1970s. He has reported extensively from outside the United States, and once worked as President Carter's chief speechwriter. His latest book, China Airborne, will be published in May. My Comment: This comes courtesy …
The Coming War With Iran
My Comment: Last week I reposted an article about gas reaching $4 per gallon by May. How about $6 per gallon by the end of this year? Ouch indeed! This article will explain why. And for you and me, the larger question remains: How will this affect the world economies, both in the short and …
Don’t just blame capitalism, blame the regulators
My Comment: There's been a lot of comment over the past three years about a "crisis in captitalism". The Republicans would have you believe the Obama camp is trying to turn us into Socialists; the Democrats complain that Wall Street has run amock and that greed and the profit motive has caused irreperable harm. It's …
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Gas Prices Expected to Hit $4 Per Gallon By May
My Comment: Ouch! Written by Kate Rogers Published February 06, 2012 Just in time for summer—gas prices are expected to hit a national average of $4 per gallon by May. Patrick DeHaan, senior petroleum analyst at GasBuddy.com, is forecasting prices will peak in May -- by Memorial Day weekend at the latest. According to GasBuddy.com, …
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Knowledge Lies at the Heart of Western Capitalism
MY COMMENT: As someone who has been invovled professionally for almost 38 years in financial services, it can be argued that I’m running out of gas. Or alternatively, that I’ve simply turned into a gas bag. However, I’m vitally concerned about fulfilling the trust given me by my clients. Clients who look to me for …
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Helping Define Your Financial Future 