everyone at the lunch wanted to know what bubbles the billionaire might be investing in at the moment, given his theory. Soros dodged the question when I asked him but subsequently noted, “The ultimate asset bubble is gold.” I’m not sure if he meant that gold has been a bubble since the beginning of recorded… Continue reading Soros on Gold
Year: 2010
Worthwhile Canadian Example
Those who blame the Fed for keeping interest rates too low too long have to explain why Canada, which basically had the same interest rate experience we did, didnt have anything like the same problems. So whats Canadas secret? Regulation, regulation, regulation. Much stricter limits on leverage, much stricter limits on unconventional mortgages, and an… Continue reading Worthwhile Canadian Example
One odd thing about health care reform
If people are against the health care bill because it is too progressive, why did it get less popular as it got less progressive? And why is the version of the bill with the public option more popular than the bill without it? If people are upset that it does too far, shouldn’t it have… Continue reading One odd thing about health care reform
the spending freeze
In his State of the Union address Wednesday night, President Obama will unveil a three-year freeze on non-military discretionary spending, according to a senior administration official. The spending freeze is exactly what the GOP has been asking for. So what do you think are the chances that they will be positive about this? What are… Continue reading the spending freeze
Lessons not learned in the health care debate
One of the meme’s going around is that if Obama didn’t waste time on health care reform and instead spent that time doing something else, that seat in Massachusetts wouldn’t have been lost. Absent from this theory is any list of things that Obama might have worked on that the GOP wouldn’t have tried to… Continue reading Lessons not learned in the health care debate
Dinosaur Piggyback ride
Dinosaur Piggyback ride, originally uploaded by karmakazesal. In our home, dinosaurs ride trains, cars and airplanes. They eat pocky. And they give each other piggyback rides. It is a magical place.