Archive for the 'Economy' Category
U.S. Dollar: Play Money for Tourists
November 28th, 2006Welcome to the United States of Tijuana! Well, not quite. Mexicans actually make lots of the goods that they sell in TJ. How much of the crap being sold to tourists in the U.S. is made in the U.S.? Uh… Via: NY Post: A depressed dollar is turning Fifth Avenue into a virtual flea market […]
The Debt Ridden, Undead America
November 27th, 2006America is like a chicken that has just had its head cut off. The carcass remains animated, for a time, bleeding and running around in the dirt, bumping into things. It isn’t quite dead at this point. It’s undead. Or, maybe that’s just how it seems to me, as someone with no debt of any […]
Housing Crash on Oprah
November 25th, 2006The only way I know anything about what happens on TV is when I chance across references to it online. So, if this is late, forgive me. Oprah is helping FBs (f#@*&% buyers) sell their homes! I managed to watch all of part one, and about one minute of part two before the twitching and […]
A Smarter Computer to Pick Stocks
November 25th, 2006This is a funny article about black box trading systems, along with quotes from crackpot, technology fetishist and (would you believe?) hedgefund manager, Ray Kurzweil. Sure, “invest” your money in a half cocked bum fight between super computers! Via NY Times: Ray Kurzweil, an inventor and new hedge fund manager, is describing the future of […]
U.S. Dollar in Strong Decline
November 25th, 2006Via: Financial Times: A sharpening slide in the US dollar unnerved global markets on Friday as investors sought to protect themselves from the possibility of sustained dollar weakness. As US markets were closing on Friday , the euro stood at a 19-month high of $1.309, up 1.2 per cent, while sterling gained 0.9 per cent […]
Liberty Dollars Not Legal Tender, United States Mint Warns Consumers
November 22nd, 2006Look what happened to the last guy who tried to change the funny money situation. Via U.S. Mint: Under 18 U.S.C. § 486, it is a Federal crime to pass, or attempt to pass, any coins of gold or silver intended for use as current money except as authorized by law.
The Return of M3
November 21st, 2006This is a good one! Print paper. Print paper based on that other batch of paper. Then print more paper on that other, other batch of paper. Call this ponzi scheme the “the global economy.” Actually, don’t even print the paper. That consumes too many resources and corporations and governments need to show a “green” […]
