Feb 25 2013
Another bubble? Remember the Y2K non-event? Since then we’ve had the dot com bubble, the housing bubble and the stock market bubble. Now, there’s even talk of a bond bubble (and that’s not the next 007 flick). Stated simply, the “market value” of your bond holdings can drop if interest rates rise. I remember getting [...]
Feb 15 2013
Chubby is better! I came back from a great holiday visit with my grandchildren to a pile of depressing newspapers. A “deal” was reached only temporarily avoiding the fiscal cliff. Legislation providing aid to the many victims of Sandy in our region was postponed. However, there was also an article claiming that mortality rates actually [...]
Oct 24 2012
Years ago, I was driving through New Hampshire admiring the fall foliage. By the roadside was a big hand-written sign nailed to an old barn. The sign read, “Don’t vote! It only encourages them.” I wonder what that sign painter is saying now? I also wonder what some of the “experts” are predicting about the [...]
Jun 22 2012
It is a very well known “fact”, more like an article of faith, that small firms account for the bulk of U.S. job formation. This belief has been highly instrumental in influencing economic policies towards business at all levels of government. If my memory is accurate, it was David Birch of MIT who first called [...]