The Market – Page 52

Unbelievable

Ten votes behind. Nine.Twelve.Time’s up.Sixteen votes behind and counting.Fifteen.Sixteen, with forty-two not votingNineteen behind, with thirty-seven not voting. It’s not going to pass.

Emergency Economic Stabilization Act of 2008

It appears all eyes are on the House right now, waiting to see if HR 3997 (“Financial Markets Bill”) passes. It’s surprisingly close right now, 153 – 146. I’m just thinking about lunch. Now the Nays have taken the lead with 163 for and 167 against. Unbelievable. Whatever the true substance of this legislation, withContinue reading “Emergency Economic Stabilization Act of 2008”

Not Your Father’s Money Supply

I’ve finally gotten a chance to read through some of JohnWilliams’ website Shadow Government Statistics: Analysis Behind and Beyond Government Economic Reporting. It’s an horrible title – to me it connotes fringe wacko theories about FEMA and Mt. Weather. It is, in fact, conclusive academic analysis of some of the nagging suspicions I’ve had forContinue reading “Not Your Father’s Money Supply”

The Prices of Crude Oil and Automotive Gasoline

I’ve been wrestling with a thought experiment for the last couple of months and I think I’ve finally made some headway in resolving it. This all started when a barrel of crude oil was hovering around $100 per barrel. Round numbers like that make doing the math on this problem a lot easier. From whatContinue reading “The Prices of Crude Oil and Automotive Gasoline”