Poverty is not caused simply by the absence of income.

http://www.newsobserver.com/2010/11/26/824445/the-fragile-family-effect.html

Mo money, mo money, mo money!

My kind of Study.

Really great Power Point presentation from the Fed of St. Louis President on QEII.

We are all about information here at this Blog (plus a little poking fun at life). Thanks to Dr. Rothman for sending this great PP show.



www.funnyeconomist.com/QEII.pdf

Wanna make $$$ investing? Read this opinion piece. All the rest is piffle.

http://online.wsj.com/article/SB10001424052748703848204575608623469465624.html?mod=WSJ_Opinion_LEADTop

Charles Calomiris has some real doubts about QEII.

Martin Feldstein on QEII.

I have been thinking lately that QEII will just do what has already been done...generate another asset price/commodity bubble. If that is the case, then once again the Fed has become the problem and not the solution. I suppose a policy maker always wants to be seen to be doing something in times of crisis. But doing something is not always better than doing nothing, especially if it induces greater instability. And as Charles Calomiris pointed out last week, we are in recovery and not in crisis mode. Is $1 trillion really worth 20 basis points in the 10-year Treasury rate and a huge risk for a redux of That 70s Show?

http://www.ft.com/cms/s/0/9ba381d0-e6b5-11df-99b3-00144feab49a.html#axzz15Z1nm4Ru

More on QEII.

This is what it takes to make any money in horse racing or gambling in general. And even then it's a 5% edge.

http://www.leggmason.com/thoughtleaderforum/2007/conference/crist.html

Today's lesson: Moral Hazard Irish style.

They say God created whiskey so the Irish don't rule the world. Well I dunno. But I do know when the Irish government guaranteed ALL the debts of ALL their large banks in our recent little world crisis, they sure set themselves up for a big headache. It should have been Irish crew cuts for all but the depositors. But the Irish are bailing everyone. Maybe there really is a pot o' gold at the end of the rainbow. For Ireland's sake I hope there is.


http://online.wsj.com/article/SB10001424052748704312504575618080737503218.html?mod=WSJ_Opinion_AboveLEFTTop