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Category Archives: Uncategorized
David Letterman to Be Replaced by Janet Yellen
She deserves the job (which is far more influential than running the Fed) because, during the financial crisis, she told her colleagues: “On Wall Street trading floors there is a joke going around: ‘The trouble with bank balance sheets is … Continue reading
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The New McCartheyism…or…Silicon Valley’s Black List
In the summer of 2008 a gay friend of mine, who was active in Democratic politics, told me she did not expect Barack Obama to come out in favor of gay marriage because it could blow his chances of winning … Continue reading
Posted in Uncategorized
Tagged Brendan Eich, gay rights, liberal bigotry, liberal intolerance, McCartheyism
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Growth Stocks: What the Big Money Likes
It’s instructive to review the holdings of the smart PM’s at leading mutual fund houses—T Rowe Price, Fidelity, Gamco and Vanguard. We looked at the top 10 holdings of 18 big-cap growth-oriented funds. Some themes: A favorite holding is the … Continue reading
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Tagged China, China slowdown, Citigroup, GM, growth stocks, mutual fund holdings, Visa
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Downside Risk in China
Eight months ago I warned that the China slowdown would be much worse than expected. I suggested the Wall Street parlor game of China economists daintily trimming their GDP growth estimates from 7.5% to 7.3%, etc. was fairly ridiculous because the … Continue reading
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Tagged China, China Beige Book, China GDP, China real estate, China slowdown
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Racism Inc. Blocks the School House Door; GOP to the Rescue
Tuesday, March 4, 2014 was a seminal day in the history of American social policy. Seven thousand school kids, mostly black and Hispanic, went to Albany to protest NYC Mayor Bill de Blasio’s attack on the charter schools that were … Continue reading
Obama Punishes Putin (as reported in the NYT, Mar. 25, 2014)
Obama Vows to “Step on Gas” in Response to Putin Address to Nation Shift in Energy Policy to Increase U.S. Exports, Reduce European Dependence on Russia, Curb Emissions By Keith Beidermeyer and Philip Furlinger WASHINGTON — In a ten minute … Continue reading
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Tagged European energy policy, geopolitics, greenhouse gases, Putin, U.S. energy policy, Ukraine
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The Mill & Bill War: a Report from the Southern Front
Barack Obama promised to “transform” America by curbing income inequality, and toward that end he declared war on “millionaires and billionaires.” To gauge his progress in this noble campaign, I departed the frigid climes of the Northeast for Palm Beach, … Continue reading
The Digital Revolution vs. the Industrial Revolutions
Lately economists have been comparing today’s digital revolution to the first industrial revolution (1790-1860) and the second (1870-1930). This granular, micro-economic analysis is a welcome respite from the absurdly abstract macro parlor games played by Keynesians and their adversaries. Three … Continue reading
The Meaning of Martha Ann
In 1791 in the state of New York was born Martha Ann Rogers, severely deformed. In the place of arms she had “two diminutive stumps projecting but a few inches from the shoulders.” She had “but one leg, which was … Continue reading
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Tagged freedom, history, personal independence, special needs history, statism, welfare state
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