Archive - Jun 8, 2010 - Blog entry

Baltimore Mayor Stephanie Rawlings-Blake has proposed several changes to the pension system for police officers and firefighters. But the unions are suing, and they may have a good case.

This is a look at the downside of boom and bust economics. It is Austrian creed that central banks create the boom-bust cycle. Keynesians and Monetarists take a different view, and generally rule out our Fed as being the "cause" of business cycles. This is the story of a fine local bank that got caught up in the boom-bust cycle without understanding it. The bank cratered and took down many good people with it. Keynes said "in the long term we'll all be dead." Some of these folks don't have that luxury. When will we learn?

We're getting close.

Hello ... is anyone there to confirm or deny this?

The title is quite self-explanatory...

Something interesting just happened.

The consumer products giant’s $238 billion market capitalization now tops that of Microsoft. To see the company bring out the IPad and sell 2 million units during appalling economic conditions is nothing less than amazing. Forecasts for the global smart phone market are ratcheting up by the day. Sales of several of its products are going hyperbolic at the same time. Steve is sitting on a monster cash flow generator. Earnings could skyrocket from the current $12/share to $30 over the next two years. So who is the world’s worst Apple stock trader? (AAPL), (MSFT).

Simply copying the US style of Central Bank Crisis mitigation is a bad idea, particularly since I believe the US has not mitigated the problem at all, but simply kicked a soda can down the road until it gained the unstoppable momentum of a dumpster. Now, the ECB is actually trying to kick that dumpster, and appears to be stubbing its toe!