Articles
Selected category: US Govt and Economy
Over the last couple of weeks it's become clear that we are entering a new period of staglation, that horrible condition of low growth and rising inflation that characterized much of the 70s.
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Robotic Cars. The High Tech Revolution of the 21st Century
We have all watched the new Lexus that parks itself with a tinge of anxiety and with much awe. But that is nothing compared with what is just coming around the corner. Much as Sputnik unleashed major changes in technology, so a new Pentagon sponsored program to build robotic vehicles by the middle of the next decade is spawning a major race to build and bring to market the robotic car of the future. It is no longer just a dream. It is already a reality and the cars are blowing people away -- literally!
Read →Apple today reported blow out earnings on the sale of more Macs, iPods, and Iphones. But is this sustainable? I don't think so.
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Ron Paul's Misguided Views on the Federal Reserve bank
Presidential Candidate Ron Paul has become the quirky candidate embraced by the fringe groups. He campaigns as a stop the war libertarian. What rankles me about his position is his view that the Fed should be abolished. Take a listen at the... Read →I am long the market and I am very pleased that it moved up so strongly in response to the Fed's rate cut today, but I think that it shows that this man lacks balls.
Read →The Fed just minutes ago cut the federal-fund rate by half a percentage point to 4.75% and the discount rate by half a percentage point to 5.25%. While the market had been anticipating a cut, most observers expected the cut to be a quarter of a percentage point, or 25 basis points.
Read →The stock market frenzy of recent has been a thing to behold. Something fundamental has happened ââ¬â actually crept up on us ââ¬â that has turned the traditional herd behavior so characteristic of past market events into a new stampede phenomenon. Anyone who has tried to herd cattle knows that it is not as easy as it looks and that, importantly, it takes time to get them all moving in the same direction. Stampedes are something else. The volatility we have all experienced, big time, these last weeks (both up and down) has been an ever more important indicator that something has taken hold of the market to which we have given insufficient attention and that will continue to have a fundamental impact not only on markets, but on individual economies and the world economy too.
Read →Nicolas Sarkozy was elected President of France in May and, in an extraordinary break from tradition, is spending his first vacation in office not in the Cote Dââ¬â¢Azur, but in New Hampshire. Here is what he is likely to find.
Read →I had a discussion with the owner of the best bagel shop in New York, and I am convinced that the inflation is out of sight.
Read →I've noticed that advertising on CNBC changes dramatically on days when the market is down big.
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