You can watch the stock market have a 1000-point drop in a matter of minutes and know that something is up. As the media gives us the most ridiculous explanations packaged up in an "everything is fine" pacifier, I have to sit back in awe of the sheer comedy of their explanations. I won't go into … [Read more...] about How to Benefit From Last Week’s Stock Market Circus
Everyone is talking about health care. "How could the politicians do this with a strong majority of American in opposition?" This video provides some insight into the never-ending string of government takeovers, and seeing the whole picture is alarming. One lesson from all of this is that … [Read more...] about Is the Health Care Bill a Distraction From What’s Next?
I just started watching the State of the Union address on Youtube and was immediately sickened. I guess I should tell you that I've been physically ill since last weekend, but Obama's speech isn't helping. It was way too reminiscent of the scenes in the book (or movie) 1984 where the public is … [Read more...] about The Hidden Meaning Behind the State of the Union Address
I was just listening to a recording of a conference call this morning where a financial planner began his presentation with this premise: Taxes will be increasing in the future I haven't listened to the rest of it because I had to pause it and write this post. I'm sure when I go back this guy will … [Read more...] about Will Taxes Increase?
2009 is marked as the year hundreds of billions of American taxpayer dollars bailed out poor Wall Street’s big banks, only to see those same banks hit record profits by the end of the year, and much of the bailout money completely lost—never to be repaid, according to a recent report by the TARP … [Read more...] about Hyperinflation Making Preserving Wealth Uphill Battle
This picks up where a previous post left off. You may want to read that post first in order for this one make sense. Looking at the picture above, I can only imagine that this is the way that the following idea was made into government policy. The second major way BLS's CPI calculation policies … [Read more...] about CPI Explained – Part 2 – Substitution
While the measurement of inflation varies wildly depending on which economist you talk to, here we will examine the official figures published by the Bureau of Labor Statistics (BLS): CPI or Consumer Price Index. The purpose of publishing CPI is to measure inflation and/or deflation, the decreased … [Read more...] about CPI Explained – Part 1 – Hedonics