Finally things got interesting. I think I am starting to lose all interest in the stock market as it becomes apparent that the rules governing the game change whenever necessary…

So the stock market is unstoppable. Higher rates, no problem, a few down days then the goods times roll again. So where and when does reality catch up? Valuations are…

Hmm, the stock market rallied hard, for a little while, on the news that inflation was slightly less than expected. Enthusiasm seems to be waning now, by almost noon. Wonder…

Well, well, well, the stock market is finally getting interesting. Actually it is the bond and FX markets that are getting interesting but I'm too stupid for those so i…

Let me see if I can describe the current inflation situation. We had economic disarray resulting from the pandemic which included sudden spikes and drops in supply or demand in…

Why are the simplest things the hardest to learn? It came to me the other day, the quaint notion of investing in public markets was already dead by the time,…

There are an awful lot of good things about capitalism-private property owenership, competition leading to greater efficiency and innovations, personal inititive, the general compatability of capitalism with freedom, reward for…

This is totally obvious and yet also completely obscured. Just freeze time for a minute. Think of everything that exists in the world, or to make it simple let's just…

Let me see, MMT is the acknowledgement that the government can spend the money it prints to make things happen in the economy and its only constraint is inflation which…

While I was thinking about the previous post, and who knows why, this thought came into my head, although mostly unrelated to the topics i usually contemplate here, I'll record…

Last night, just before i went to sleep, after exhausting myself watching Seinfeld reruns, for some reason i started thinking about Lact Hunt's comment that an economy which gets overburdened…

If the role of government can be described by saying that it directs assets toward some groups and away from others through the process of taxation, subsidization and legislation, then…

I've been thinking about...well about all sorts of things, but yesterday it crossed my mind that when we think of money we think of a thing. And, of course, money…

I wonder how this ends? Maybe the debt ceiling doesn't get raised and that is finally the trigger that pops the stock bubble. Then I wonder who the blame falls…

I've been thinking about the extended unemployment and other benefits. Partly what caused this contemplation was a conversation with a neighbor who recently returned from the Philippines (use your almost…

It was such a simple idea, I don't know why I feel that it was revelatory for me. Furthermore, I feel as though I must have read it somewhere, but…

Been reading Hussman's latest essay. So wealth comes from one of two activities. Either you do something useful, make something, teach something, invent something, perform some sort of useful activity…

Reread my post from yesterday and started to think that I sounded like a person arguing for a planned economy, but that's not at all what I mean. The craziness…

Is everything just asset allocation? And I don't mean portfolio management, I mean all of society. Like anyone who is even vaguely interested in these topics, I've been daydreaming about…

I don't understand this, but let me see if i can talk my way through it. First there was money, mostly silver but sometimes gold, shells, tobacco, camels, humans, and…