Opportunity Cost

You can’t have your cake and eat it, too.  It’s a silly old saying with a huge dollop of folk wisdom hidden in the middle of it.  But money spent is sometimes more than just money gone – in an integrated world it’s a choice to make one connection when another one might have been a better choice.

Continue Reading

Downward revision

How are things going?  Without useful data, it’s nearly impossible to make good decisions and adjust accordingly.  The most surprising thing about the decade-long downturn in the US economy is that the bottom line data, real (inflation adjusted) Gross Domestic Product, has been a moving target.  Data has been constantly Continue Reading

Stock pigeons

Stock markets around the world react to every news report like pigeons in a park.  Huddled together in one strutting mass they move slowly around, clockwise, until the smallest cue strikes them. Continue Reading

Fear the Dragon?

The casual joke turns on China knocking on our door in the middle of the night on a repo call.  Like a lot of jokes it’s a way of laughing off a genuine fear – that they US is slowly being owned by a nation that isn’t exactly friendly and we have no reason to trust.  Paranoia sometimes sets in when people wonder why China would loan us all this money in the first place – has this been Continue Reading

Awfully artificial

Words mean things, or so the saying goes.  Unfortunately, the world changes so words have to change.  That’s where it gets interesting.

Continue Reading

Value of information

When the NY Times announced it was installing a complex paywall plan in April 2011, most internet mavens predicted failure.  Conventional wisdom has long told us that information is supposed to be free on the internet – despite the fact that this argument leads to the logical conclusion that the internet is literally worthless.  Brushing that aside, the NY Times hoped to gain 300k sub Continue Reading

Death of the mighty dollar

The gamesmanship of Congress is still reverberating through the world’s financial system with a big drop in stock markets today.  But that may be only the start of the problems caused by the self-inflicted calamity.  At risk is the source of the USofA’s real power around the globe – not the military, but the US Dollar itself.

Continue Reading

After the storm

You first see the lightening spark out of the angry clouds.  Perhaps a sense of anxiety rose as the pressure dropped.  By the time the heavy wet smell of rain came you may have had a sharp taste of fear in the back of your throat.  The deafening roar as the atmosphere falls around you covers sirens wailing out the obvious in the wind.

Continue Reading

Beyond words

Arrrgh!  Errumph!

I’ve been trying to find words to express my frustration with Congress, but they don’t come easily.  I’m not even wasting otherwise useful swear words on them.  It’s mostly a series of grunts and roars that don’t make any sense at all, sort of like Congress itself.

Grrrrrr!

Continue Reading