My Comments: As a resident of Gainesville, Florida since 1959, I remember when I-75 appeared locally. Bud Johnson and I would explore the countryside on our bikes on weekends. Among my memories are a bridge under construction near Warren’s Cave and I-75 was simply a cleared trail through the woods. Another day we found ourselves …
Tag: economics
Europe’s Dream is Dying in Greece
My Comments: Society evolves, just like animals and plants. But it takes time, and we are conditioned to want it NOW, not over the next millenia. If there is enough collective will, the European Union (EU) will survive by evolving to accomodate Greek society. The players themselves are going to have to find the right …
Sunny with a Chance of Turbulence
My Comments: Many of us were blindsided by the severity of the pullback that happened in 2008-09. Many of us are still trying to get back to where we were and are fearful of it happening again soon. Some on TV are pushing the idea that it’s just around the corner. It’s not. The chance …
Connecting the Dots
My Comments: Interest rates change. For the past 35 years, they’ve been on a downward trend, matched only by the down trend from 1861 to 1898. It’s a given that the Fed is going to start moving them up, probably in September. A stream of positive data supports a September rate hike, but summer storms …
Bond Crash Across the World As Deflation Trade Goes Horribly Wrong
My Comments: You can call me an alarmist if you like, I really don’t care. We are long overdue for a market correction, from both a stock value perspective and interest rate perspective. If you don’t believe it’s coming, I have some nice real estate just east of Daytona Beach I can sell you for …
Continue reading Bond Crash Across the World As Deflation Trade Goes Horribly Wrong
Flawed Math on Student Loans
My Comments: The staggering level of student loan debt has the potential to sink the economic future of this country. Young families with the debt hanging over them will be less likely to buy a house, to buy a new car, to spend money on consumption items, all of which means economic stagnation. Income earned …
US Should Not Negotiate Free Trade Behind Closed Doors
My Comments: Recently I was reminded that I appear to have strong opinions. This is usually accompanied by a rolling of the eyes, and to which I now hang my head, but without shame. On this topic, I’ve not had an opinion worth talking about until now. I hate it when people bitch and moan …
Continue reading US Should Not Negotiate Free Trade Behind Closed Doors
America Could Have Been One Giant Sweden — Instead It Looks a Lot Like the Soviet Union
My Comments: This is a long, uncomfortable article that predicts how the world might evolve economically and politically over the next several decades. My generation will have passed on soon, but regardless of your political stripes today, it will be different. If you want to take back America, or at least preserve what we have, …
What Oil Price Is Sustainable?
My Comments: Buying gas for your car at the pump is now an adventure fraught with uncertainty. Is the price going up or is it going down? What can I expect the next time I need to fill the tank? Is there a station on the other side of town willing to lower their price …
What It Means to Be a Liberal
My Comments: I no longer make any apologies for being liberal. It does not mean I cannot embrace positions held by conservatives, but on balance, I see myself as being a liberal. As much as anything, I identify this way as I refuse to live in the past. As I age, I have a longer …
Helping Define Your Financial Future 