Monthly Archives: August 2015

As I always say, most things can be explained in a sentence or two.  In a democracy, citizens have two options with respect to candidates and office holders. Voters can either worship candidates or they can treat them as delegates. … Continue reading →

There is nothing immoral about making an economic forecast. It is immoral to base national economic policy on economic forecasts, especially those that are developed quantitatively. Why? Economic forecasts made by professional economists are no more accurate than those made … Continue reading →

Original thought is rare. Monkey see monkey do is common. Outsider Donald Trump announces as a Republican and surges to first place in the poles. Who would like to be president? Who has visions of grandeur? We don’t know all … Continue reading →

Donald Trump seems to understand things about the media that the public does not yet grasp. As I explain regularly, how people and institutions are defined is different than how they function. Americans have grown up believing that the media’s … Continue reading →

I am not predicting a 1929 style crash. That doesn’t mean it won’t happen. In 1929, investors were on their own. Today we have constant government intervention in the financial markets. Circuit breakers may smooth out the decline. I am … Continue reading →

Every sociopath is a potential Hitler. All presidential candidates are sociopaths. There is no way to advance this far in politics without being a sociopath.  This is the most competitive event in the world. As nice as each candidate appears, … Continue reading →

Ronald Reagan was the first truly big government Republican and the president who initiated the practice of government tampering with financial markets.   Where ever people live they all have one thing in common. Whether it is North Korea, the … Continue reading →

There are actually no search engines in operation today. Anyone who used search engines before the Google emergence can remember finding all sorts of interesting and useful things. Today all search enterprises try and emulate the Google model.  A Google … Continue reading →

Any time a major stock average breaks through its 200 day moving average, it is a big deal. All major stock indexes suffered 2% declines.  Most years pass without averages suffering such a loss. For years 2% down has been … Continue reading →

In Ivy League economic departments, they would laugh if they were told that whole industries were collecting taxes from the general population. They are drunk on dogma and maintain erroneous assumptions about human behavior. Whole industries can and do pass … Continue reading →