GDP growth has been on a great many people’s minds lately, and the quarterly results have generally been mildly disappointing for the last few years. A closer examination of the makeup of the US GDP might, however, reveal some further truths about the economy and why the employment situation hasn’t improved significantly. The situation is worse than we are led to believe. Continue reading
As my father used to say “There are three reasons we can’t do it. First, we don’t have the money, and it doesn’t make a damn about the other two.” – T. Boone Pickens
So what would it take for the United States to get to levels of debt like Greece? It turns out, not that much. In fact, it could be happening very soon. Most people in the US have been closing our eyes and hoping that if we can’t see the problem it doesn’t exist. Continue reading
Some debts are fun when you are acquiring them, but none are fun when you set about retiring them. – Ogden Nash
The next few posts will be about the debt crisis in Greece, other European nations, and the United States. The first one will be light on the numbers, but the groundwork must be laid for any of those numbers to make sense. Without understanding the basic mechanics of government debt, no data could help to create an informed decision. Continue reading
Politics in this era is so much about appearances and red herrings, and so little about common sense. Two stories that have significant buzz today are as follow:
- Romney tour bus honks while driving past people waiting to enter an Obama event.
- Obama walked out on a tab at a restaurant.
With all the issues that confront our country and what is at stake, my questions is “what does this have to do with anything?” Continue reading
So often we gauge the health of the US economy based on the Dow Jones Industrial Average (DJIA). Why? Probably because it’s a financial number that reporters can easily find and track, and somehow we’ve equated the stock market to economic health. Stop it. Continue reading
One change in American society that has puzzled me lately is the incredible shift that has taken place in how the rich are viewed. There is such a considerable amount of hatred for the rich these days whereas we used to envy, respect, or hate the rich on the merits of their wealth. Sure, there have always been some unscrupulous wealthy, but those that earned their way to the top weren’t lumped in with them. If you earned your money, it was yours. I’m sure that there are many factors that contribute to this shift, but I have a theory that one large contributing factors is what I like to call The Jersey Shore Effect which I’ll explain herein. Continue reading
One recent issue that is of definite interest to me is the Catholic Church’s lawsuits filed against the government. I am not Catholic and I certainly advocate the usage of contraception in a great many situations (and certainly any that I am involved in). However, the power that the executive branch is asserting (i.e. the ability to define what is religious enough to be religion and the ability to compel in non-critical situations against an individual’s conscience) is very alarming to me.
Let’s take a quick look at some of the logic that has been expressed in the HHS / Catholic Church fight over mandated contraceptive coverage: Continue reading
For some reason I get the feeling that people have no idea what “stocks” are, with some who hold particularly strong views on them being included. To hold stock in a company is to have some portion of ownership in that company (equity). Simple as that. If you hold 100 shares and there are 1,000,000 shares total, you hold 0.01% of the company. At some point, the original investors owned the company in full, but they either wanted to or had to (to raise money for the company) sell some of it.
So what is the purpose of owning a piece of a company? Continue reading
A word on statistics and polling:
One oft-expressed concept on news television with regards to polling is the statistical tie. “The poll shows candidate X at 47% and candidate Y is at 44%. With a +/- 4% margin of error, this means they are essentially tied.” No it doesn’t. Continue reading
As the inaugural post in this blog, I figure setting my own expectations and rules is appropriate.
Purpose: To provide an outlet for my opinions that often get bottled up inside. I try to avoid rocking the boat in forums such as Facebook, but those opinions have to go somewhere. Maybe one day I’ll tell people this blog exists.