2 Cents Worth on Life Its Ownself

When Clinton pushed for and got Congressional approval for the repeal of Glass-Steagal it allowed the distinction between commercial banks and investment banks to disappear.  Many hailed that as a great achievement.  The White House then took the position that the distinction was old hat and a product of an earlier era that no longer applied [...]

Health Care And Too Big To Fail

Since last fall we have had a great deal of discussion and debate concerning the phrase of too big to fail (TBTF) which was a newly coined term created seemingly just for this current economic mess.  That concept led to the TARP; it also produced the TALF program, remember that?  Likewise, a substantial portion of the [...]

2 Cents For These?

The following are worth what you paid for them but the asking price is still 2 cents per each as they say on the loading docks.
When you have spent an hour on the tarmac with no word from the cockpit about take off or pulling up the the gate, you wonder if those pilots were [...]

Debt Debacle

Sometimes the current economic pundits talk about our current debt and indicate that it is not as severe a problem as others think.  This in spite of the fact that even those in the current administration do give lip service to the notion that the deficits and debt growth are “unsustainable”.    They just want to [...]

King Dollar and Diplomacy

This is not a polemic on politics but rather a discussion about economics, numbers and the international relations and effects of the US currency and its perceived worth around the world.    In the Wall Street Journal and other economic news outlets there has been substantial discussion of recent days about the decline of the dollar [...]

2 Cents Worth–Constitution, Dollar, Sports, Weather

It appears we will have some sort of health reform bill in the near future.  Forgetting all the political and indeological arguments I do wonder how much more it will cost each of us.  The free lunch analogy will apply here like it does to everything.  To pay for all those without coverage who say [...]

Resolve, Revolution and Hope

Some are delighted with the direction the country is taking at the moment.  They relish the growth of government and believe the more laws, regulations and central control the better.   They believe that government truly can and should be our nanny from the cradle to the grave.  They apparently don’t trust the people to do the [...]

D. C. –Central Command and Control For Economy

The progressive march toward D. C. controlling greater portions of our economy has been moving steadily forward since the time of FDR.  There have been a few short eras of retrenchment but the floodgates were opened when the Supreme Court adopted a “no limit” on the interstate commerce clause of the Constitution in the ’30’s.   [...]

Health Care Reform and the Constitution

It is amazing to hear so many politicians making proposals in both the House and the Senate regarding health care reform without even a passing nod to the Constitutional authority of Congress to enact such legislation.  I know the idea of Federalism and the Constitution must seem quaint and old fashioned to many of them [...]

Market Direction–Through A Glass Darkly

Predicting the directi0n  of the stock market and the economy is both an art and a science.  Even those like Bernacke who have made a career of studying past markets only do so to enhance their ability to project what is around the next corner in the market.   The exalted one here can’t claim any [...]