Yesterday the market went into a wild tailspin- pulled out- then is back to swinging like a pendulum. This isn’t anything about “investing” in companies- this is all about betting on horses- and that’s a stupid way to manage an economy. Really-…
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Bill Moyers: plutocracy and democracy don’t mix.
I see this blog as my way of keeping the people of Dayton informed in a way the local media doesn’t. I want to keep you thinking about the things that are really important, not the “if it bleeds, it leads” kind of BS that local…
Now that the bailout didn’t change anything- Plan B anyone?
Without systemic change, nothing changed. The bailout was passed, and even despite protecting the wooden arrow manufacturing industry in the US, we’re still up the proverbial creek. The markets are unstable, irrational and the wild swings are more than markets…
High frequency trading on Wall Street- and why it should worry us all
On the average day on Wall Street these days, more trades are executed than the sum total of trades in 1960. Sure, technology has made trading easier- but, as far as I know- the rules of investing haven’t changed that much. Investing is supposed to be how you…
Public pension plans in dreamland
It took all the major newspapers in Ohio to do an exposé on the golden nest egg pension plan for public employees. As the gap between rich and poor in America widens, the fourth estate isn’t even able to mount a credible look at what’s really going wrong-…
Volatility is the enemy: the difference between an investor and a speculator
Would you go into business with an investor who would only invest in your venture for a few hours- or days? No. Not just no, but hell no. Business isn’t something that ebbs and flows by the minute, hour, day, week or even month- business is a planned program to…
Child porn hysteria
“Sexting” is one of those things that makes me laugh- about how out of touch our legislators are- and the lengths that they will go to distract us from real issues. Like the Wall Street Casino- the wholesale exportation of our entire manufacturing base and…
Still bailing out everyone else but John Q. Public
The latest round of Senate talks on the “bailout” package still hasn’t addressed directly helping the people who are being asked to foot the bill. Reminds me of Wimpy- who wants a hamburger today, but will gladly pay you Tuesday – without…
The pipe dream of public pensions
The reality is starting to hit home with State pension fund managers: the fun times are over. Heavily invested in the stock market, most public pension funds looked good as long as times were good, when in fact, they were sitting on the same shaky foundations that…
How I’m going to spend my $300 – or “we messed up, and need to buy your vote “
I’m a service disabled veteran. Instead of ending a war that’s bankrupting our country, and making even more service disabled veterans, Congress, just voted to hawk your future to send a paltry $300 to 250,000 service disabled veterans. Anyone in congress…
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