As monotonous as my posting about the "oil bubble" has been, I just watched a segment on CNN’s Situation Room [I was hoping to learn more about Illinois Governor Blagojevich] in which some pundit explained why gas prices are down. He said the Recession had driven them down and to expect them to escalate again […]
FBI Arrests Illinois Governor Rod Blagojevich By Carrie Johnson and Peter Slevin Washington Post Staff Writers December 9, 2008 FBI agents this morning arrested Illinois Gov. Rod R. Blagojevich (D) and his chief of staff on conspiracy and bribery charges, including allegations that the governor was seeking to benefit financially from his appointment of a […]
The Deluder in Chief Published: December 7, 2008 We long ago gave up hope that President Bush would acknowledge his many mistakes, or show he had learned anything from them. Even then we were unprepared for the epic denial that Mr. Bush displayed in his interview with ABC News’s Charles Gibson the other day, which […]
Closer to Bailout, GM Prints Candid Apology By Kendra Marr Washington Post Staff Writer Tuesday, December 9, 2008 Step one on the road to recovery: Admit you have a problem. General Motors, the world’s largest automaker, yesterday candidly confessed to the blunders that has led it to near-collapse in a full-page advertisement in Automotive News. […]
I’ve spent the last couple of weeks in the fog of our economic crisis. – trying to catch up. While it came in September, it was the fabled October Suprise of unexpected ferocity. In some ways, it eclipsed the joy of finally ridding ourselves of Mr. Bush, Mr. Cheney, and all they’ve came to represent […]
Correcting the Dow Jones Industrial Average to compare values over time is an interesting problem. People try looking at log plots: or to divide it by something else – some other average. The most rational version I found is to divide the Dow Jones Industrial Average by the Consumer Price Index. Like the DJIA […]
One thing about blogging. You don’t have to be a pundit. You don’t even have to be right. You can just say what you think. Well, here’s what I now think about financial bubbles: Robert Shiller, the Yale Economist who studies bubbles, asks the question, "Why do people regularly fail to see that a soaring […]
The bad news is intuitive, something we already sort of know. Here’s just one of the articles that makes the problem clear:: IEA: Oil supply crunch coming November 12, 2008 The IEA (International Energy Agency) released their 2008 World Energy Outlook earlier today and it included a few sobering surprises. Recall that back in early […]
I may be the only person on the planet that didn’t know about financial bubbles – but I didn’t. Or at least I didn’t know why they were so dangerous. In any market, there’s an elusive quality – value – which is the actual worth of something. And then there’s a price. When we shop, […]
Why the oil price means bubble trouble by Larry Elliott – Guardian Economics EditorMay 22, 2008 There are plenty of explanations for what’s happening in the global oil markets. It’s caused by the economic boom in the world’s largest developing countries, particularly China and India. It’s caused by the unwillingness of the oil cartel Opec […]