I have been warning now for several weeks that the second big round of financial stress has been gathering strength, carefully picking it’s time to emerge and unfold. This week the European Union will hold a summit to try and chart a course out of the death spiral that many EU member nations now find […]
There’s a great article over at Wired.com by Felix Salmon called “Recipe for Disaster: The Formula That Killed Wall Street”. In it, Salmon traces the history of David X. Li and his Gaussian copula function (see above) that led investment firms worldwide to pour trillions of dollars into complex — and, as it turned out, […]
American for Tax Reform have released this and three other O-Bingo cards to use during Pres. Obama’s economic address tonight. Fun for the whole family! Hat tip to the American Spectator. ..bruce w..
One of the things that disturbs me the most about Pres. Obama’s campaign and his administration to date is that it appears to be accelerating the trend in US society towards entitlement and government benefits. Of course, this kind of criticism is often seen as a thinly-veiled form of racism and/or classism. Horse crap. I’ve […]
First, courtesy of Wizbang, comes this classic from 30+ years ago, from the movie “Network”: And here’s an equivalent from a few days ago: I’m mad as hell, myself. ..bruce w..
Here in Colorado, part of the 470 beltway is a toll road — E-470 — run by the surrounding counties and other regioinal authorities. If you have a transponder (as we do), you can use the automated toll section. Since we live at the southeast corner of E-470, we use the toll road every time […]
Geldpress breaks it down for you, with actual numbers: Hat tip to Conservative Grapevine. ..bruce w..
Remember those “massive Bush/Republican deficits”? Bush was a piker compared to Obama and the Democratic Congress. From Greg Mankiw via Instapundit. ..bruce w..
Wisdom from the Monty Python crew: Hat tip to Steve Hayward over at the Corner at National Review Online. ..bruce w..
In a noticeable and welcome break from downward pointing leading indicators, we have an important one headed upward. The dry bulk shipping index, which measures how much stuff is being sent over the oceans, actually had an upturn. This was one of the earliest things to crash, as companies around the world suddenly came to […]
