One of the industries that was discussed on this blog last about where other jobs might come from was that tourism could be developed, and certainly the shorter term results showed that tourism was alive and very well in New York. It may have also been good in other places. Certainly at the time if you had always wanted to go to New York, well, the US dollar was at a low relative to other currencies so the price was the cheapest it had been for non-American tourists for years. With some recovery of the US dollar that isn't so anymore. [more]
Market ticker has a post about how government records debt reduction as savings. If so, that would help to explain all those graphs showing an enormous savings rate... [more]
There is not question when I look at the garbage and commissions my financial advisors got, well, they were in an enormous conflict of interest. The only thing I have left from my last advisor is down over 30% and I have been locked in for 8 years. I later found out this "investment" had a commission about double the average commission. [more]
Yves has a post on property values and appraisers. He critiques an article blaming"low appraisals" really and truly for not supporting bubbled housing prices. As he goes into it, the article is supporting over priced housing. [more]
A post by two economic historians, Barry Eichengreen of the University of California at Berkeley and Kevin O’Rourke of Trinity College, Dublin, is making rounds on a number of blogs today. They give us comparisons between the Great Depression and today’s downturn. [more]
I found this to be a fitting blog for father's day.
Take a walk where I live, and see some homes still with out houses and families that can not afford to have a phone or running water, well, I am bless to count myself among those who has enough.
I opened this post to read hours ago and only got around to reading it now. It was written by Andy Xie. Some quotes from it: [more]
Market ticker has a post which I'd have to agree with in terms of how much wrong has happened with so very little protest. [more]
The swine flu has hospitalized many young people in an aboriginal community. The average age of those hospitalized is 35. [more]
I got this idea from reading Astry and Donnerv, Astry looking at the debt/deficit by the top 50% and Donnerv showing the taxes paid by the top 50%. I previously did something similar as an overall average. [more]
CR has a previously unpublished on the blog post by Tanta that lists foreclosure expenses, or at least that is what got my attention. [more]
Pension pulse has a piece on the degree to which pension funds have declined. [more]
The data indicates that insiders tend to be on the other side of the trade, selling these days. Well, that's not completely true, but insiders are not buying.
I am of the opinion that health insurance isn't worth it. I posted a comment with an interesting discussion that followed here. The one guy describes how much he saved for medical by putting the money aside directly rather then paying an insurance company. [more]
I don't usually write about my school, but right now we have culture week at our school and it is kind of interesting. Students have been working on birch bark crafts, tanning moose hide, smoke drying moose meat for some of the activities. [more]
Naked capitalism has a post titled about rich wealth, but what got my interest was the discussion on the point of no return on fiscal budgets, or rather, what is considered the point of no return. [more]
I don't remember where I saw it, but some economist was arguing that increasing taxes doesn't work as wealthy just move away and cited some data about the level of decline of tax revenue from millionaires to "prove" the point. I looked at the proof and my immediate thought was what dumb proof, he hasn't shown that millionaires didn't just disappear because they aren't millionaires anymore. [more]