T-Bill Glut Crowds Out Equity

Only this week the Treasury auctioned off another 71 billion of Treasury notes and bills.   That is a small part of the hundreds of billions they intend to issue during this calender year.  They have already issued over 300 billion this year to date.  In addition to that fact we have the Federal Reserve printing [...]

Conflated Conflicts of Interest–Govt. Inc. Can Do No Wrong

Lawyers have had bad reptutations for generations.  Shakespeare even made them famous by wishing they all be killed.   They have been represented as having no scruples and willing to sell out anyone or anything for pay.  Sadly there has been so truth to that allegation over the years.  Much of it was created by the [...]

Is the Stock Market a Washington Concern?

The bailouts, stimulus bills, bloated budgets and exponential expansion of Government that we see evolving everyday recently raises questions about the viability of Wall Street and the stock market.  The market continues its plunge with no let up in sight.  It has sunk below its recent lows and may be headed toward 5000 on the [...]

Pentagon Papers without the Spin

Most folks these days only know about the Pentagon Papers from occasional news saccounts discussing all the mistakes made by the US during the Viet Nam war.   Inevitably those articles are negative about the role of the US and the hiding of secret information from the public and it gets all mixed up with the [...]

Dig Deeper and Faster To Escape

Let me get this straight.  It was a credit and debt problem that got us into  financial difficulty.  The credit and debt problem was built upon the foundation of the Government injunction under CORE that banks HAD to loan money to those that weren’t credit worthy because that would promote diversity of home ownership and [...]

No Room At the Trough

The lobbyists and politicians sure ain’t Christ.  There wasn’t room for him at the Inn on the night of His birth and there isn’t enough room for all those lobbyists and politicians at the trough of the Bailout bonanza.   Come one, come all, we have the perfect elixir for what ails you.   All you have [...]

Unrecognized Nobels in days of yore

The Nobel prize is highly regarded as a mark of achievement in the sciences and with good reason.  Some of the winners have found the most remarkable powers, forces and elements in our world and universe.  From physics to biology the singular new ideas have been hailed by all mankind.   Mr. Nobel you recall made [...]

Madoff is a retread of free lunch theory

For the past month we have been inundated with news about the Madoff scandal and the implications of its reach.   It is amazing to me that so many people act like this is something new and unprecedented.   From the news reports it would seem that folks merely repeated the mistakes from the past.  They allowed [...]

Political Potshots From the Great Unwashed

The elites over the years have often referred to the common man or public as the “great unwashed public”.   Well, we may not have the sophistication of our betters but we can tell the difference between the real deal and poppycock more often than not.  We get fooled sometimes for a bit but usually sooner [...]

Back to the Future, Again (I’ve read this chapter before)

It is amazing how folks of any generation or era believe they can get everything right because they are the smartest guys in the room and their predecessors didn’t have the depth of understanding that they do.   That attitude is manifesting itself now with the new administration in Washington with regard to their ability to [...]