Author: smartistone

From the Washington Post and marginal revolution Unemployment fell from 3.3 to 3.2 percent for people with a bachelor’s degree or more, and from 5.7 to 5.5 percent for those with some college. But it actually rose from 6.3 to 6.5 percent for people with only a high school diploma, and from 8.9 to 9.1… Continue reading America’s Polarized Job Market

Stocks keep going up. The S&P 500 has risen over thirty points in the past two days alone. We predict at the minimum dow 18000 by the end of year and S&P 500 at 2100. The creative class is being rewarded with rising stock and real estate prices for the value these individuals bring to… Continue reading An Approach to Eugenics

As shown below, the Bush tax cuts coincided with the bottom of the DJIA in 2003: The Bush tax cuts broadened the tax base, softened the blow of the 2008 banking problem and aided in the subsequent recovery. Economist Paul Krugman wrote in 2007: “Supply side doctrine, which claimed without evidence that tax cuts would… Continue reading A vote for the GOP is a vote for growth

“Reality is that which, when you stop believing in it, doesn’t go away.” –Philip K. Dick That’s where we are today – a willful denial of reality by the left, in particular the commenters on various liberals sites encompassing a collective delusion that we can close the achievement gap with costlier schools or that IQ… Continue reading Education and Reality

From The American Conservative: Our Collective Hatred of Ignorance In the smartist era, the value or importance of intelligence has never been greater. Yet at the same time, the consequences of naivete and ignorance can be grave. Look how Rick Perry, a three-term governor of America’s second largest economy, was decollated by the punditry after… Continue reading Ignorance, The 2008 Financial Problem, and the Limitations of Knowledge

Is America following a trajectory of decline like The Roman Empire? Glen W. Bowersock has remarked, “we have been obsessed with the fall: it has been valued as an archetype for every perceived decline, and, hence, as a symbol for our own fears.” That seems to describe the left’s thinking. They want to believe America… Continue reading The Nordic Ticking Time Bomb

Radio Derb 5/31/2014 Derb’s erudition and clever one-liners cannot salvage what otherwise tends to be a slow and boring podcast. The problem with the topical news format is the news is either boring or has already been covered in every conceivable angle by other pundits by the time Derb gets to it. While Derb can… Continue reading Leave the Ivy League Grads Alone

U.S. economy shrank at 1% annual pace in 1Q Daniel Gross, correctly, disabuses the fear of a double dip recession Economic data is, by in large, worthless in terms of investing and forecasting. It’s backward looking and tells you nothing about future data. If you base your investing decisions on economic data, you will sell… Continue reading Weak GDP? No Problem

This stock market is incapable of going lower. This bull market may last for 20 years without a single 20% correction – a possibility given the endless liquidity, technological progress, blowout profits & earnings, globalization and the usual factors that have shown no signs of slowing. Additionally, this is the second greatest bull market in… Continue reading A Huge Bull Market