Time present and time past Are both perhaps present in time future, And time future contained in time past. If all time is eternally present All time is unredeemable. What might have been is an abstraction Remaining a perpetual possibility Only in a world of speculation. What might have been and what has been Point […]
Federal Reserve Chairmen [1960-2010] DON’T BE ALARMED! There’s nothing to be seen on this first graph except what an unintelligible mess it is. It’s all the layers of the economic indicators graph I advertised in my last post turned on at once. It’s little wonder that it’s so hard to understand even the basics of […]
Last week when I was obsessing about Greenspan, you might have noticed that in mid-stream, my graphs started looking different. The one I called a "spaghetti graph" disappeared and was replaced by ones that looked like the one immediately below this paragraph. It’s a graphic wonder that has "layers" for each parameter that can be […]
Judge revokes Deal’s daughter bankruptcy discharge Associated Press 10/08/2010 ATLANTA — A federal judge has revoked the discharge of a 2009 bankruptcy of more than $3 million in debts by the daughter and son-in-law of Republican gubernatorial candidate Nathan Deal. U.S. Bankruptcy Judge Robert Brizendine made the decision Friday after re-examining the case when it […]
This evening, I watched the American Masters A Letter to Elia – Martin Scorsese’s tribute to one of my longtime idols, filmmaker Elia Kazan – East of Eden, A Streetcar Named Desire, On the Waterfront, A Face in the Crowd, Wild River, Marlon Brando, James Dean, Rod Steiger, Montgomery Clift ,Tennessee Williams, John Steinbeck. Kazan’s […]
To the Editor: Atlas Shrugged is a celebration of life and happiness. Justice is unrelenting. Creative individuals and undeviating purpose and rationality achieve joy and fulfillment. Parasites who persistently avoid either purpose or reason perish as they should. Mr. Hicks suspiciously wonders "about a person who sustains such a mood through the writing of 1,168 […]
I obviously like blogging. It’s a fun way to think about things. Writing it down forces me to organize my thoughts into something coherent. I doubt if I’d like it if it mattered – I’d be too worried about being right. So it’s read by a few friends who are forgiving when I get into […]
In Frontline’s The Warning there’s a dramatic moment when Brooksley Born, then the new chairperson of the Commodity Futures Trading Commission [CFTC] goes to the Federal Reserve to meet with chairman Alan Greenspan for the first time. She doesn’t talk about it on camera, but her colleagues tell the story for her: Greenspan: "Well Brooksley, […]
Before going on about Alan Greenspan, I’d liketo give one example from the end of the road in the world he would have had us live in. I take out a Mortgage to buy a house which is collateral on the loan. The loan is sold by my Bank for the cost of the house […]
Thanks to Carl for pointing me to this article I missed Sunday – a welcome interlude in my Alan Greenspan retrospective. Side Effects May Include Lawsuits New York Times By DUFF WILSON October 2, 2010 For decades, antipsychotic drugs were a niche product. Today, they’re the top-selling class of pharmaceuticals in America, generating annual revenue […]