-The argument for higher taxes on upper income folks is a morality tale, not an economic one. But, in fairness, the proposal could be way more punitive (think FDR and retained earnings). Nevertheless, while it might satisfy people to do something, I don't think it would ultimately improve the general state of the economy.
-With the first two weeks of the NBA season cancelled, and more games in peril, sports has done little to catch my attention lately.
-The volatility in the real estate market that used to create great buying opportunities (think early 90s) is probably gonna be harder to come by -- credit that to the institutionalization and commoditization of the asset class.
Thursday, October 13, 2011
Broken Money
The subtitle is Why Our Financial System is Failing Us and How We Can Make it Better , and the author is Lyn Alden (2023). I feel like I hav...
-
In his most recent post , Michael Pettis explains the problem of investment misallocations and too much debt, simply yet brilliantly (his po...
-
I am reading another book right now by economist Richard Koo, innovator of the balance sheet recession concept. If you remember what his id...
-
Are when the contrarian should think about buying. And so I tried. Some AUY LEAPS (filled) and a small mining services company that I like...