Selected in the top 100 Economics Sites

Follow me on Twitter

Tuesday, March 27, 2012

Remember this posting? The sign is still on the door.

This was posted on the door of a local restaurant I go to when I am chasing ducks. I asked "what gives"? They indicated they had recently been robbed and had a gun stuck to their temple by some dude all covered up in a hoodie. They indicated to me they were not going through it again without a fight, as in The OK Corral. Sure am glad I had my duck coat on.

Here is an example of some folks who, I guarantee you, would have their hand on their pistols if someone in a hoodie walked through the door. This frightens the hell out of me.

More dumb stuff with the tax code.

Monday, March 19, 2012

Greece: Corrupt, incompetent, in trouble.

Half of our problems remain in housing.

At the height of the housing bubble (not boom) 6% of GDP was in housing construction. Compare that to Ireland which had 27% of its economy in construction. Now you know why Irish eyes are not smiling.

We have had a bigger drop in housing prices than there was in the Great Depression. Median housing price to income for housing buyers in the US was 5.5 at the height of the boom. Historically it has been 3. Asset bubbles and leverage...and it ends the same way every time.

Sunday, March 18, 2012

This is kinda what I am thinking....

Here's something to think about. .. . . .

I recently picked a new primary care doctor.. After two visits and exhaustive lab tests, he said I was doing 'fairly well' for my age. (I just turned 60.)

A little concerned about that comment, I couldn't resist asking him,
'Do you think I'll live to be 80?'

He asked, 'Do you drink beer or wine?'

'Oh no,' I replied.. 'I'm not doing drugs, either!'

Then he asked, 'Do you eat rib-eye steaks and barbecued ribs?

'I said, 'Not much...
My former doctor said that all red meat is very unhealthy!'

'Do you spend a lot of time in the sun, like playing golf, sailing, hiking, or bicycling?'

'No, I don't,' I said.
He asked, 'Do you gamble, drive fast cars, or have a lot of sex?'

'No,' I said.
He looked at me and said,... 'Then, why do give a crap?'

Saturday, March 17, 2012

These are funny....


1) "Since my last report, this employee has reached rock-bottom and has started to dig."

2) "I would not allow this employee to breed."

3) "This employee is really not so much of a has-been, but more of a definite won't be."

4) "Works well when under constant supervision and cornered like a rat in a trap."

5) "When she opens her mouth, it seems that it is only to change feet."

6) "He would be out of his depth in a parking lot puddle."

7) "This young lady has delusions of adequacy."

8) "He sets low personal standards and then consistently fails to achieve them."

9) "This employee is depriving a village somewhere of an idiot."

10) "This employee should go far, and the sooner he starts the better."

11) "Got a full 6-pack, but lacks the plastic thingy to hold it all together."

12) "A gross ignoramus...144 times worse than an ordinary ignoramus."

13) "He doesn't have ulcers, but he's a carrier..."

14) "I would like to go hunting with him sometime."

15) "He's been working with glue too much."

16) "He would argue with a signpost."

17) "He brings a lot of joy whenever he leaves the room."

18) "When their IQ reaches 50, they should sell."

19) "If you see two people talking and one looks bored, he's the other one."

20) "A photographic memory but with the lens cover glued on."

21) "A prime candidate for natural de-selection..."

22) "Donated his brain to science before he was through using it."

23) "Gates are down, the lights are flashing, but the train isn’t coming."

24) "He's got two brains; one is lost and the other is out looking for it."

25) "If he were any more stupid, he'd have to be watered twice a week."

26) "If you give him a penny for his thoughts, you'd get change."

27) "If you stand close enough to him, you can hear the ocean."

28) "It's hard to believe he beat off 15,000,000 other sperm."

29) "One neuron short of a synapse."

30) "Some drink from the fountain of knowledge; he only gargled."

31) "Takes him 2 hours to watch '60 minutes'."

32) "The wheel is turning, but the hamster is dead."

Thursday, March 15, 2012

The 9th annual Advancement Council/Alumni golf tournament is just 5 weeks away......

This has become the Department of Economics "Homecoming" if you will. A good time is had by all. I am hoping you will come and join us this year.

They still study this battle at West Point by the way...

Hope for Europe? Maybe.

I have recently heard that Greece has now been declared in "Structural Default" after the hair cuts the private sector took on Greek debt. What do you think the chances are of the Euros making it out without inflation? I don't put it very high. When the French are courting the Socialist candidate for president who wishes to impose a 75% tax on all persons making over one million euros, the Europeans deserve everything they get.

Tuesday, March 13, 2012

Dodd-Frank is a big mess.

Could Hayek's quote above be any more germane to what you are aobut to read? I don't think so.....

Wednesday, March 7, 2012

By the numbers. What we are moving toward is NOT insurance. Insurance is for catastrophe, not 1st dollar coverage.

This probably will not surprise you.....

There are actually two messages here. The first is very interesting, but the second is absolutely astounding - and explains a lot.

A recent "Investor's Business Daily" article provided very
interesting statistics from a survey by the United Nations International
Health Organization.

Percentage of men and women who survived a cancer five years
after diagnosis:

U.S. 65%

England 46%

Canada 42%

Percentage of patients diagnosed with diabetes who received
treatment within six months:

U.S. 93%

England 15%

Canada 43%

Percentage of seniors needing hip replacement who received it
within six months:

U.S. 90%

England 15%

Canada 43%

Percentage referred to a medical specialist who see one within
one month:

U.S. 77%

England 40%

Canada 43%

Number of MRI scanners (a prime diagnostic tool) per million

U.S. 71

England 14

Canada 18

Percentage of seniors (65+), with low income, who say they are
in "excellent health":

U.S. 12%

England 2%

Canada 6%

And now for the last statistic:

National Health Insurance?


England YES

Canada YES

Tuesday, March 6, 2012

This is maddeningly stupid.

Senator Gramm said "the best social program in the world is a W2 form". Apparently we need to add some elementary computer skills too.

Saturday, March 3, 2012