Category Archives: Economy
The High Point of China’s Economic Boom
Sometime in the early 1980s, goes the popular lore, Chinese leader Deng Xiaoping looked out across the vast people’s communes and pronounced, “To get rich is glorious.” Suddenly, without hesitation, the people put down their rakes, walked off the farm … Continue reading
Safe Investment Losses
The Labor Department reported Friday that employers added 195,000 new jobs to their payrolls in June. Nonetheless, the unemployment rate remained at 7.6 percent, as people entering the workforce subtracted out all job gains. Still, markets were delighted. The DOW … Continue reading
Notes from Cabo San Lucas
The native inhabitants of Cabo San Lucas, the Pericú, had a rough go of it in their twilight years. First they were overrun by Hernán Cortés and his Spanish Conquistadores in the 16th century. Then, two centuries later, Jesuit missionaries … Continue reading
Economic Subsistence
Several weeks ago DOW 16,000 was a foregone conclusion…it was practically guaranteed. Now the DOW’s wildly spiking and diving above and below 15,000. What gives? From what we gather, markets are anxious about what central bankers can and can’t do … Continue reading
