Stocks keep going up. Anyone that bet against the market due to tapering has lost money. We’re still in a Goldilocks zone where any good news is good and bad news means more QE. Dow 20,000 soon. The we are doomed subset is still vocal…
General Motors announced that it is expanding a recall of compact cars due to an ignition problem, and has raised the number of deaths resulting from the problem to 13. The recall now affects 1.37 million vehicles built between 2003 and 2007. Similarly, between 2009-2011…
Yesterday, isteve posted an article about Alan Greenspan endorsing more h-1b Visas. Like most articles on this subject matter it generated a lot of discussion, the majority expressing opposition to more visas. However, being a free market capitalist I wrote: But if more high tech…
How is it possible a small blog has a more accurate and longer running track record than professional pundits, with their adulation, media appearances, and books? Looking back through the post archives, with few exceptions, all of our predictions came true. This is because we…
The most liberal person in the world says there is no tech skill shortage, implying that the h-1b visa cap shouldn’t be raised. But the tech shortage is real. According to a study conducted by CareerBuilder, IT jobs in the U.S. grew by 13 percent…
Through observation, the most popular topics as measured by comments and pageviews are posts that are critical of higher education or student loans, posts that are about IQ or standardized testing, and lastly, minimum wages, basic income and Obamacare. This theory was affirmed when the…
A common criticism of economists, and the economics field in general, is that they, the economists, ‘failed to see the crisis’. But is this really important or just a red herring used to sling mud at an important profession? Because they didn’t predict, ergo the…