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…
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…
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…
The Fly Writes: For the better part of 5 years now, the stock market has been rising, fueled by Federal Reserve asset purchases AND corporate profits. Our largest corporations have performed coups abroad, taken over whole cities, established governments, without firing a single shot. From…
From Ta-Nehisi Coates’ Reparations article: Reparations—by which I mean the full acceptance of our collective biography and its consequences—is the price we must pay to see ourselves squarely Isn’t that the function of MLK day, the Civil Rights Act, and black history month? Furthermore, black…
From The American Conservative: The Tricky Politics of Fighting Crony Capitalism For a website with the title Conservative, it sure seems to advocate a lot of liberal positions on issues ranging from domestic spying, foreign policy and crony capitalism. Liberalism is a bigger threat than…
Foreign Holdings of U.S. Treasuries This is why the debt binge is sustainable and why bonds and stocks are rallying together. Part of what makes America exceptional is not just its superior economy or superior military, but the great demand for its debt, especially compared…
From Ep. 21 College is a Scam With just a five percent acceptance rate and a policy of only admitting the best and the brightest, getting into Harvard (or any Ivy League school) signals to employers that the applicant has above average to genius level…
With few exceptions, risk-taking, being smart, hard-work, and creativity is a path to prosperity in today’s super-competitive economy and unbridled plutolatry, more so than any prior decade. Stocks will keep going up and people will keep getting richer than ever even if many, on a…
The Slow Death of American Entrepreneurship No kidding. More people are realizing entrepreneurship is a big money pit due to the high failure rate, as well as a multitude of other factors such as competition, high borrowing costs and endless regulation. Why does small biz…