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Day two of the David Brat sell-off as the Dow Jones Industrial Average falls over 100 points in addition to the selling esterday. CNBC’s Jim Cramer: Cantor’s Exit Brings Back Fear of Washington Much more important than immigration reform, David Brat being the house majority leader may imperil future debt ceiling negations. This probably the… Continue reading David Brat Sell-Off Day 2

From the WSJ: Eric Cantor Defeat Imperils Prospects for Immigration Overhaul : Mr. Cantor’s defeat is likely to be seen as confirmation immigration politics are too dicey for this election year and may spook rank-and-file members who advocates have been pressing for support. In response to a questionnaire from the Richmond Times-Dispatch, David Brat wrote:… Continue reading Did David Brat Cause the Market to Fall Today?

I support the free market because it makes my stocks and real estate go up, but it makes too many utopian assumptions – specifically how competition is supposed to lead to better products. Maybe better in terms of new features and more advanced technology, but not reliability or perceived speed. Wirth’s Law, a computing adage… Continue reading Planned Obsolescence

Google finally discloses its diversity record, and it’s not good Some people on isteve and elsewhere like to criticize Facebook and Google, but these companies are meritocracies in that they only hire the best and the brightest out of very large application pools, actively screening for high-g candidates. The left wants just the opposite: promotion… Continue reading The Daily View: China, Debt and Why We Need More Millionaires In Congress

[this was part of an earlier post on tax cuts but it deserves its own post] The S&P 500 has closed at another record high. Wealth creation is unstoppable. People are getting richer than ever. America’s position as an economic superpower has only been solidified post-2008 – the exact opposite of what the left predicted… Continue reading The Post-2008 Economic Reality

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