…Calmly observing the changing world

I suppose it is a sign of the times that the FDIC’s Failed Bank List was updated with some new features. When I heard that the FDIC closed an astounding seven banks just on Friday, I had to take a closer look, and happily found that the list is now sortable, and has grown so [...]

Today, Mark Buehrle pitched the 18th perfect game in Major League Baseball history. The elusive “perfect game” is every pitcher’s dream, but in a broader context, it is all of our dream to do what we do perfectly. Some of us are even obsessed with it. Dewayne Wise, right before he jumped to save Buehrle’s [...]

Whenever the economy is “bad”, it is always the number one issue: it’s the economy stupid. So somehow, to get Obama’s policies implemented, he will have to couch them in economic terms. That the result becomes completely nonsensical hasn’t seem to have detered him. President Obama’s latest push for health care involves economic arguments in favor [...]

The monetary system of the United States is controlled by the Federal Reserve, which is a private bank whose shareholders are unknown, whose profits are unknown, and whose policies are only deciphered through Congressional hearings – during which representatives of the Federal Reserve speak in FedSpeak, and run intellectual rings around most of the Congressmen, [...]

If you listen closely, you will hear “The New Normal” as the catchphrase of those economists who understand that the “old normal” can never return. This appears at first to be a useful insight, until you realize that by the new normal, these economists mean a quantitatively different normal. That is, it will be a lot [...]