It’s time to embrace being thrifty, and no that does not mean you have to enjoy life any less robustly than you do today, but you may find at the end of the process that your notion of enjoying life may make a drastic change for the better. You can find it a self-renforcing cycle, […]
My co-blogger, Bruce Henderson — with deep Scottish roots — wants to start discussing personal thriftiness here at the blog, which I think is a great idea. And since I spotted this item at the Consumerist (one of my favorite sites), I thought I’d jump the gun and post it here. It’s a personal purchase […]
…to remember looking for Burma Shave signs when our family drove cross-country. Which is why today’s xkcd tickled me: Heh. ..bruce w..
Courtesy of Naked Capitalism, these words of wisdom from Steve Waldman: … for the most part, what is called financail innovation is finding new technology that makes legal what was illegal under the old technology
One of the most annoying and anti-climatic parts of this rather sad and miserable election cycle has been the faux-drama of the polls. In absence of any real reporting on the details of either candidate’s plans, background or personality, the media focuses more and more on the virtual horse race conducted via the polls. Websites […]
As mentioned in an early post, there are no clear signals that the global economy is skidding to a violent halt. This can only spell additional trouble for activist governments intent on conjuring up enough money to bluff the world wide credit implosion into submission. For the past two decades, the most prosperous nations on […]
Russia has been under enormous financial stress during the last several months. Russia is a young economy that is still trying to figure out how to work without the socialism and central planning. As credit contracts here, it evaporates in places like Russia, and there is no “Fed mother hen” to backstop the banks. On […]
First, from Ben Smith over at Politico (via Rachel Lucas; I would have gotten to Politico myself eventually, but Rachel came up first in my daily blog review), citing an e-mail from a Republican consultant testing out an anti-Obama ad: [The group was] Reagan Dems and Independents. Call them blue-collar plus. Slightly more Target than […]
Daily Financial Moment Of Clarity
This could be the anthem for why the bailout is evil: Everything works much better when wrong decisions are punished and good decisions make you rich.
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