How the Asset Bubble Could End – Part 1
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Jan 23, 2018 - 2:46am
How the Asset Bubble Could End – Part 1

Another Shoeshine Boy Moment   We recently pondered the markets while trying out our brand-new electric soup-cooling spoon (see below). We are pondering the markets quite often lately, because we believe tail risk has grown by leaps and bounds and we may be quite close to an important juncture, i.e.,  the kind of pivot that can generate both a lot of excitement and a lot of regret all around. Provided one manages to grasp the nettle with the proper combination of preparation and luck, the emphasis may be on excitement rather than regret.     Modern soup-cooling spoon for the sophisticated gourmet. We are not the gentleman in the picture, we don’t even know him, we just wanted to show this nifty spoon in operation. Once you have one, you will wonder how civilized life was even possible before it. Photo credit: Ha…

 
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#1
Damn those Regulations

In 1980, I was working in Northern Alberta on the drilling rigs. We were drilling a new holes in the middle of sour oil country. Sour oil or gas is contaminated with hydrogen sulfide (H2S). One good whiff of H2S, you would either be dead or brain disabled.   The rig foreman gave us some advice:…

Jan 22, 2018 - 6:36pm
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#2
Trump Erodes the Global Power of American Values

The scholar who coined the term "soft power" thinks the U.S. will regain its stature. But not under the current president.Donald Trump's tirade a week ago against non-white countries may be tearing the final fiber off American soft power.Witness the worldwide reaction in the …

Jan 22, 2018 - 4:24pm
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#3
California Registering Illegal Aliens to Vote

On April 1st, EVERYONE (including ILLEGAL ALIENS) in California who gets a Drivers License is automatically registered to VOTE!  See link below:     This has been corroborated on multiple news outlets, so don't even try the "right wing press" propaganda crap.  All you have to d…

Jan 22, 2018 - 2:38pm
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#4
Kentucky Fried Fable

The chickens used to be silent. One day one of them started clucking. Then another and another. Pretty soon every damned chicken around started clucking and could not stop. The condition grew so that the more chickens were around the more each one would cluck. Pretty soon the clucking was mindless d…

Jan 22, 2018 - 9:57am
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#5
Where star scientists choose to locate: the impact…

The impact of state taxes on the ability of different parts of the United States to attract firms and jobs is prominent in public policy debates. Many states routinely advertise their favourable tax environments with the explicit goal of attracting workers and business activity to their jurisdictio…

Jan 22, 2018 - 5:39am
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#6
Ley's Hit the Trail

    Today's outburst from He Who Shall Remain Clueless, among other recent events, underscores my recent conclusion that Homo sapiens is not yet ready for self-government.    The vast majority of human life on this planet is far too manipulated, self-centere…

Jan 21, 2018 - 10:29pm
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#7
What Trump’s Tax Cut Really Means for the US…

Republicans and the Trump administration have promised that the tax legislation enacted in December will boost investment and long-term GDP growth. But the new law is likely to do neither, because it is based on flawed assumptions and contains a raft of self-defeating provisions.   AUSTIN R…

Jan 21, 2018 - 7:17pm
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#8
The Burgas Affair

By Ellis Shuman Plot When a terrorist blows up a bus killing innocent people in Bulgaria, Boyko Stanchev and Ayala Navon are thrown together to help investigate the case. However, each of them have personal issues to deal with that may hamper their efforts. The problems they run into are leads t…

Jan 21, 2018 - 6:19pm
 
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#9
Logical Argument

I heard a guy named Kelly speaking on NPR this morning. He started the magazine, Wired, and has written some books. I thought he was an idiot. He made an argument about the greatness of this world communications system we're developing and the benefits of machines that evoke sympathy, mimic fee…

Jan 21, 2018 - 2:05pm
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#10
What to do with one's life of rebellion.

When I was in my youth I woke up to the evils of the society I was living in, with its hypocrisy, warmongering, greed and destructive ways. I saw that the constant striving for growth was destroying nature and that most people were snared into a life of mindless consumerism. The tenets of the cultur…

Jan 21, 2018 - 1:53pm
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#11
Let it ring.

My purpose in posting this is not to cast aspersions on cell phone users. I'm just expressing my personal preference.   I don't own a cell phone. Never have, never will. I'm not online all the time, I'm not connected on demand, I'm only within reach of an electronic device in the morning, when …

Jan 21, 2018 - 1:07pm
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  • - Jan 21, 2018 - 10:16pm
  • - by Heyduke
#12
“It does not effect me and my family!”

when I’m the daily journey. Often the topic of world calamities associated with our changing vibrational landscape “ We,” call home. Because of ones age does not exempt anyone from contributing to push back the clock for our “ Constitution.” A constitution that has been…

Jan 21, 2018 - 10:46am
 
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#13
The Dreaded Rejection Letter

Dear Author, Thank you for submitting your work to us. Unfortunately, it doesn't meet our needs at the present time, but we wish you future success. Sincerely, The Editor   Well, that's what they write. Any professional in the business will tell you editors, agents, and publishers don't r…

Jan 21, 2018 - 4:34am
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#14
China Is Ahead Of The U.S. In Mobile Payments

  I use a book in my class called The Economics of Macro Issues by Roger LeRoy Miller & Daniel K. Benjamin. One of the chapters is called "Revolutionizing the Way We Pay." It includes discussions of things like paying for goods with your phone, etc. So this article is related to t…

Jan 20, 2018 - 9:22pm
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#15
This Years March..and Whats Coming...

Womens March 2018..Again Not About Trump I broke my wrist in a couple places yesterday…so my trip to NYC for the womens march 2018 is out.  Ive been working on this for a couple of months now.  So I guess I am  with them in spirit.   This year, we have dozens of women …

Jan 20, 2018 - 2:51pm
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  • - Jan 23, 2018 - 9:38am
  • - by Leroy
#16
Winter Did Come

Whose woods are these? They're mine, you know. And they are really filling up with snow. apologies to Robert Frost. Poem paraphrase and picture courtesy of my wife Carrie.   When you are retired, the concept of a Monday doesn't resonate quite as badly as during a work week. But last week,…

Jan 20, 2018 - 11:13am
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#17
Uncle Sam and Aunt Mildred go to the grocery store…

We've all heard of Uncle Sam, right? Yeah, that guy.  You know it's said that behind every great man there is a woman. I'm not certain that this is universal, but the rule does seem to apply to lesser men as well. Isn't it a bit peculiar that no one ever seems to ask, "Hey! Is there a Mrs. Uncl…

Jan 20, 2018 - 6:45am
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#18
Merkel's state television behaves like...

Merkel's state television behaves like an inquisitor towards its guest, the Austrian Chancellor Kurz     On Wednesday evening, Austrian Chancellor Sebastian Kurz visited a German talk show. Chancellor Kurz was a late Wednesday evening guest on the television talk show hosted by ARD TV pr…

Jan 20, 2018 - 3:09am
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#19
Pope Says World Is At The Brink Of Nuclear War

  Shortly before his trip to Chile and Peru about 5 days ago, the Supreme Leader of the worldwide Catholic Church, a.k.a. The Bishop of Rome, a.k.a. the Pope, issued some dire pronouncements. His prognostications were quoted in magazines and newspapers all around the world.   Pope Francis…

Jan 19, 2018 - 9:29pm
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#20
Thoughts on the Authority ofLaw

Precious little thought of law & economics is spent focusing on where the authority of law and legislation comes from.  Most economists just assume it to be given: Coase with his “bargaining in the shadow of the law” and even Ostrom with her Commons problem-solving.*  This…

Jan 19, 2018 - 7:14pm
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#21
Nine nine means No No in German

A novel written by Mark Henry Smith 8/15/57, all rights reserved. © 1/06/2018 Rewritten for performance and publication 1/18/18-1/19/18 Note: all characters are products of the author’s imagination. Any similarity to real people that you may have met is not the author’s problem or …

Jan 19, 2018 - 2:36pm
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#22
Thank You America!!!

Thank You America!   Thank you America for all the great stuff you have given us. Out of your melting pot has come a plethora of brilliant stuff!   Just on the Music Scene look of what you have given us! You took African Music, English, Irish and Scottish Folk Music, Canadian French, Nativ…

Jan 19, 2018 - 1:35pm
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