“It is not things themselves that trouble us, but our thoughts about those things.”

January 21, 2010

-Epictetus
http://en.wikipedia.org/wiki/Epictetus

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At least in our current health care system you have the option to go bankrupt and live.

December 17, 2009

It is telling that the current healthcare debate is framed in terms of what will or will not be good for certain “groups” of people in society and not for individuals.
Senator Tom Coburn (R-Oklahoma), a physician, wrote an excellent op-ed in The Wall Street Journal today that provides a specific example of how health care [...]

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California borrowers walk away from “under-water” mortgages and rent cheaper houses. Use the money they are “saving” to buy season tickets to Disney Land, go on cruises, and keep their BMWs. Taxpayers expected to pick up the bill.

December 10, 2009

If you want a clear as day example of “moral hazard”[1] and the perverse incentives bailouts can have on people read an article in today’s Wall Street Journal titled “American Dream 2: Default, Then Rent.” [2]
Basically you have a group of people in Palmdale, California who, enabled by lax lending on an unprecedented scale during [...]

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“Human decisions affecting the future, whether personal or political or economic, cannot depend on strict mathematical expectation, since the basis for making such calculations does not exist.”

December 1, 2009

-John Maynard Keynes, The General Theory of Employment, Interest, and Money. New York: First Harbinger Edition, 1964. pp. 162-63.
Emphasis on the word strict.

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At this rate the Dow will reach 19,800 by November 2010.

November 11, 2009

On March 9, 2009 the Dow Jones Industrial Average (DJIA) closed at 6,547.05.
Yesterday, November 10, 2009, the DJIA closed at 10,246.97.[1]
This rise represents a simple return of approximately 56.51%.

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A Salute To Veterans

November 11, 2009

To all veterans and to all who serve in our armed forces around the world today: thank you.
God Bless.

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