My Comments: I hope everyone had a safe and happy celebration to start 2014. With it coming during the middle of the week, my internal calendar is kinda messed up; it seems today has to be Monday. But back to the real world. My first inclination when asked to understand something not readily understood, is …
Continue reading Don’t Fret About Soaring Asset Prices – This Time Is Different
By John Gapper | The Financial Times The New York minicab service I used to favour communicated in code. When you rang and gave your address, the radio dispatcher would reply “five minutes” and hang up. This meant a cab would arrive at any time from one to 10 minutes later. “Seven minutes” meant 20, …
Continue reading Why Taxi Cab Drivers Cannot Put Down Their Smartphones
Right now, it's about 9:30 in the morning of Christmas Eve. But in parts of Australia and New Zealand, Santa has already come down the chimney and is on his way back to the North Pole. (Does he have a distribution center at the South Pole?) So, just as an early glass of Scotch causes …
My Comments: In part this is a follow up to the posts about the US-Iran deal recently completed. What is often not seen or talked about is our increasing lack of dependance on Middle East oil. That dependency has been the reason for our friendship with Saudi Arabia. This despite where most of the 9/11 …
My Comments: Before you accuse me of being a flaming liberal, please follow my thinking for a minute. The words I've chosen below are from Timothy Ray, and they appeared in the Gainesville Sun last week. Yes, my thoughts parallel his but I’ve been unable to express them as well. Mindful that I consider myself …
Continue reading Protect America From Being Wrecked by Conservatives
You may think you have an insight but if you are anything like me, you don't really trust it. However, I do have resources that are very talented and articulate and make coherent arguments that most everyone can follow. To that end, here is a report from J. P. Morgan that you can download and …
Continue reading A look at U.S. Equities: Record Profits – Where do we go from here?
My Comments: I have no clue how this is all going to play out. My background in economics and finance tells me that no solution, for an extended period of time, will have bad consequences. But sooner or later, those in charge (?) will arrive at something that will make this go away, at least …
My Comments: And you thought I was being negative last week?!? Well, not a lot right now to encourage a positive outlook on things. Yes, my clients are making money, thank you. And yes, my case of the flu has receded, the daily deluge has stopped (maybe), and the mornings are cooler. WOW! But the …
Continue reading There is no one left to enforce the global rules
My Comments: My recent episode with the flu and lack of sleep is now behind me. I hope. So I’m back to ranting about stuff that, in my ‘gilded’ years, resonates with me. Having been driven most of my life to improve my lot and that of my family, I find it disturbing for the …
My Comments: This is a subject that is consuming the country and with good reason. Those in favor of a strike and those opposed have logic and emotion in their favor. Personally, I’m not persuaded that a limited strike, mostly symbolic, will have any lasting effect. On the other hand, like it or not, there …
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