Monthly Archives: September 2012
Skeleton Economics
“Markets make opinions,” once said someone who’s much, much smarter than we are. Perhaps they meant that when markets rise for a long period investors will make up opinions about why they will keep rising further. Likewise, if markets are … Continue reading
Falling Off the Hunger Cliff
The October edition of Smithsonian magazine tells us that “With five simple words in the Declaration of Independence – ‘all men are created equal’ – Thomas Jefferson undid Aristotle’s ancient formula, which had governed human affairs until 1776: ‘From the … Continue reading
Present Conditions and Negative Outcomes
There are certain things in life a reasonable person knows they should not do. These are things so obvious, evident, and elementary they do not require learning. They go without question. They don’t have to be tested for confirmation or … Continue reading
What You Are Up Against
The Bureau of Labor Statistics reported last Friday that consumer prices increased 0.6 percent in August. Over the last 12 months, according to the BLS, consumer prices increased 1.7 percent. Nonetheless, if you’ve paid bills or bought anything lately you … Continue reading
