I think everyone is for more transperancy. Some like the sound of that word but are afraid to actually have some real transperancy in action. Some are afraid that if we actually knew what was going on it would cause panic in the streets and the whole system would come tumbling down. One of the...

11/20/2009

My Stellar Predictions from Last Year and a Look Ahead to 2010

9 Comments

Before I give you my predictions for 2010, let me show you just how good I was back in October 2008 when I made predictions on a slew of economics statistics for the second quarter of 2009. I know, predicting what the unemployment rate will be just 9 months ahead shouldn't be that tough. It's n...

11/17/2009

Democracy to Dictatorship

4 Comments

Yes, another post about government and free markets. But dictatorship? I know most feel that "it can't happen here" but I read a great article that shows why most democracies usually end up going down the path to dictatorship. I love this country and I hate seeing the signs of it's demise. Jam...

11/16/2009

China's Stimulus Package Spurs GDP by 8% but the City It Built Is Empty

1 Comments

In order to stimulate the economy, China built an entire city in Inner Mongolia. It was an incredible project and is a shining example of what government spending can do. With this scale of government spending, China is keeping their GDP growing by at least 8% per year. Before you begin thinkin...

11/14/2009

I Pledge Allegiance To Americaʼs Debt, And To The Chinese Government That Lends Us Money

3 Comments

Hit tip to the DailyBail.com for finding this funny but sad video. "I pledge allegiance to Americaʼs debt, and to the Chinese government that lends us money. And to the interest, for which we pay, compoundable, with higher taxes and lower pay until the day we die." Watch this video and take a sec...

11/12/2009

I Agree With Bill Clinton's Words of Wisdom

2 Comments

I really don't like Bill Clinton but he is a master politician. Maybe that's the reason for my dislike of the man. But he did make a comment about the healthcare bill that I couldn't agree with more. "There is no perfect bill because there are always unintended consequences, so there will be ame...

11/11/2009

Extend and Pretend. The Results Are Never Pretty

1 Comments

I seems quite evident that many banks and the Federal Reserve are playing the game of "extend and pretend". They refuse to "mark to market" the value of many of their toxic loans. By doing this, they can pretend that they are still solvent and continue in business along with giving themselves ni...

11/11/2009

Buyers, I'm Applying for a Job As Your Real Estate Agent. If You Have an Opening, I Want an Interview

7 Comments

I've found that there are some agents who get offended that a potential buyer client might have the audacity to actually interview them before actually deciding to work with them. To me, I'm always applying for the job as someone's real estate agent. How are buyers going to know if I'm compente...

11/11/2009

Recession Over? State Sales Tax Receipts Still Down. Where's the Spending?

4 Comments

If the recession is over, why aren't we seeing state sales tax receipts rising? If the economy is 70% consumption, how can the economy be growing when retail spending is still going down? Every month I do a Google News Search for "state sales tax receipts" to find the latest numbers being report...

11/10/2009

Mises vs. Keynes. After 70 years of Keynes, It's Time for Some Real Change

2 Comments

The Wall Street Journal has an opinion piece today about Ludwig von Mises. It is well worth the read and then it would be well worth the effort to do a little more research on Mises and his Austrian school of economics. I'm sure most people have heard of John Maynard Keynes. He's the "brilliant...

11/09/2009