A proposal for change, part I

With this post I am going to take a chance and try and make some suggestions as to what needs to change in our economy in order for it to survive its current credit-crunch spawned problems, permanently change, and thrive into the far future. Whew! Here goes… I...

Some signs of rationality

Good day everyone! While most of our fellow citizenry seems to be having a religious experience in relation to the economy, there are some signs of rationality returning to the financial markets. The proof is in the merger and the acquisition. As we have talked about...

The incentives are all wrong

Hello everyone! I promised that I would do a blog based on Nate’s excellent comment from last week. Nate had made the point that the problem with all of the government stimulus is that there were no rewards for people who have managed their finances responsibly...

It’s all relative

Happy March everyone, You have doubtless seen the news that the Dow Jones is at levels last seen 12 years ago, yes? So 12 years worth of market gains have been erased by the current financial crisis. However, implicit in these sorts of statements is an assumption that...

Cue Tom Petty’s Free Fallin’

Let the meltdown ensue. Well folks seemed to be holding onto the notion that the U.S. government and other world governments would be able to bail out industry the way it has done in the past. It’s not as if the governments are not doing the right things,...

Buy American craze is crazy!

I wanted to address the strange and escalating movement of “Buy American” that is sweeping the United States. The first thing to state and categorically is: this is crazy thinking! Why? It is crazy because the very definition of economy is using resources...