For once I agree with the broken clock Peter Schiff: Peter Schiff: “The Fed Won’t Raise Rates, It’s Part of the Bluff” The human bullhorn is right. All this speculation about a rite hike is just that – speculation. The fed isn’t going to do anything until the very, very end, when it’s so obvious… Continue reading Interest Rates Are Not Going Up
Tag: economics
Bailouts, Obama, and Debt
From Christopher Cant-think-well: And Then The Market Crashed Anyway He writes: You might recall that incident, when George W. Bush said he had “abandoned free market principles to save the free market system,” don’t you? Lotta good that did. Last time I checked, it may have done a lot of good. The S&P 500 has… Continue reading Bailouts, Obama, and Debt
RE: Lost Decade
In response from Reddit to my post about America not being in a lost decade: It’s a pretty weak argument this guy makes. Some of his points are “We have uber, netflix and the large hadron collider now, so things are better!” also “Stock prices are soaring, so the economy must be doing great!”. I… Continue reading RE: Lost Decade
Lost Decade? Hardly
From James Pethokoukis: Lost Decade? The US is about to have its first 10-year period since World War II without at least one year of 3% growth. Mr. Pethokoukis, in his earlier articles, is right in his criticism of regulation and raising the minimum wage, but he is wrong to suggest we’re in a ‘lost… Continue reading Lost Decade? Hardly
We’re Making Life Too Hard for Millennials
From Steven Rattner of the NY Times: We’re Making Life Too Hard for Millennials TO some, millennials — those urban-dwelling, ride-sharing indefatigable social networkers — are engaged, upbeat and open to change. To others, they are narcissistic, lazy and self-centered. Saddled with debt and thin paychecks, millennials are delaying purchasing cars and new homes, low… Continue reading We’re Making Life Too Hard for Millennials
We’re Not Broke
The documentary We’re Not Broke went viral on Reddit. The synopsis is that the Republicans are wrong about America being broke, and that there would be more money for social programs and infrastructure if tax loopholes and other problems were fixed. Despite being on the right, I agree with the ‘left’ that America is not… Continue reading We’re Not Broke
The Gig Economy: Is Obamacare to Blame?
Hillary is attacking the sharing economy, despite Obamacare possibly contributing to it, in a speech: Meanwhile, many Americans are making extra money renting out a small room, designing websites, selling products they design themselves at home, or even driving their own car. This on-demand, or so-called gig economy is creating exciting economies and unleashing innovation.… Continue reading The Gig Economy: Is Obamacare to Blame?
Is Capitalism Dead? It Depends, I Suppose
read at your peril Post-Capitalism and the End of Capitalism Capitalism dead? I guess Silicon Valley didn’t get the memo. Hundreds of billions of dollars of wealth from web 2.0 and Bay Area real estate has been created since 2009. Coders strait out of college or even high school are making 6-figures, while others are… Continue reading Is Capitalism Dead? It Depends, I Suppose
The End of Jobs
The End of Jobs: Money, Meaning and Freedom Without the 9-to-5 by Taylor Pearson This is the era we’re headed into…where everything is outsourced, where income has gone down versus inflation for the past 40 years, and there are fewer and fewer choices for highly educated people with high student loan debts to get good… Continue reading The End of Jobs
The Teen ‘Summer Job’ is Going Away, and That’s A Good Thing
From Pew Research: The fading of the teen summer job This can be interpreted as good news… teens are better spending their time self-actualizing, delaying immediate income in exchange for learning in-demand, high-paying skills such as coding, science, writing, math, physics, and economics rather than doing a dead-end part time job. Due to a combination… Continue reading The Teen ‘Summer Job’ is Going Away, and That’s A Good Thing