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Pardon our ads

Unless you count with
Adblock Plus or other similar product, you will have noticed that I am running a banner now. I’ve avoided so far adding ads to the site, but my soon 16 year old son is starting to drive. How is that related? Well, let me explain it to you.
Insurance companies charge you [...]

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The need for re-industrializing America

(Originally posted at
my.barackobama.com)
Beyond political discourse, we need to face the reality that America’s economy has been declining since mid 2001. The economic policies of the Bush administration did nothing to encourage the creation of new industries.
If we use the image of an engine to represent the economy, what the Bush administration has been doing [...]

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Why fundamental analysis of commodities is wrong, and irrational

I have discussed in several articles my position that gold is just another commodity subject to the ebb and flow of speculative money. Today I will talk a little bit about oil and why I think all the fundamental analysis are fundamentally wrong.
If I write that we are experiencing peak oil price rather than peak [...]

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This 4th of July…

This 4th of July, as we’re celebrating independence and freedom, many senators are getting ready to come back to Washington and sell out some of our most fundamental freedoms.
Don’t let it happen.
Take action now.

Dear ACLU Supporter,
On Tuesday, July 8th, the Senate will consider an unconstitutional [...]

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The Myth of the Bush Administration Being Strong on Homeland Security

As the political campaign ramps up, the McCain cohort is trying to shape the debate of American politics around the single issue of Homeland Security.
However, there is no objective reason to believe that the current administration’s policies are the way to go.
There are two conflict hypothesis based on which the current two-front war is being [...]

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Why Gann, Elliott Wave and Kondratiev Studies Fail

For a long time I’ve studied the works of
Gann,
Elliott and
Kondratiev trying to gain some foresight into the economy cycles. My costly conclusion is that none of these methods work. However, before throwing them out of the window, let’s see why they fail, when they fail and to what extent they may have [...]

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How Google Became Part of the Ring of Evil

The blogsphere is becoming crowded with blogs about blogging and blogs about making money by blogging. Many of those blogs actually make money by giving advice on how to make money giving advice on how to make money. Exactly.
This phenomenon is transforming blogging from a personal form of expression into just another form of making [...]

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Political Radar: McCain: Not Offended By Alleged Age-Baiting

The news is inconsequential: another entry to the endless entertainment of electoral politics. However, I just found it funny that the McCain campaign read Obama’s “losing his bearings” comment as a commentary about his age, and not his temper.
I’ve only heard old people using the expression to denote senility, most young people use “lose your [...]

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The Real Economy III: The People’s GDP

Back in November, I showed how the capital of American businesses was contracting. I said "regardless of any official announcement of recessions, US businesses have been behaving as they normally do during recessions." It is hard to understand why American businesses are becoming recession-like illiquid when the GDP numbers don’t seem to show any signs [...]

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American Workers’ Dwindling Participation in America’s Riches

The following chart shows the salaries of American workers compared to GDP. As you can see, it has been falling steadily since 1969.
But for a few good years during the Clinton administration, American workers have very little to cheer about, having less participation in the economy than during the depression years.

This is not the [...]

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