This is what debt traps look like close up. Classic. Apologies, but this could only be loaded in a fixed format. So if you have trouble reading the text below, click on Michael’s name to go to the original. From … Continue reading
One of more abrasive opinions I pound home in my financial seminars is that accounting is a 400 year old train wreck. Try this one on for size. Bank is weak and needs equity capital. Government wishes to bail out Bank, so Government creates … Continue reading
Spain is in serious shape. Greece may well become an afterthought in the next few days if the ECB doesn’t directly or indirectly intervene in the sovereign market and drive Spain’s rates down. One way to do this is to … Continue reading
This employment discrimination against fat, old, ill-tempered people is outrageous; it cannot be allowed! Hire Ugly! It’s the law! Early word is that the next EEOC targets to be investigated for this illegal ageism, blatant sexism and feminist apostasy will be Playboy … Continue reading
The founding premise of this blog is that Europe is a mirror which we Americans could hold up to see ourselves more clearly if we but chose to. It’s not a pretty reflection we’d see, and far too many of … Continue reading
Slabs As red and yellow Hop-Ons shuttle fresh tourists to faded sites, Berlin revels in the first dry day of late spring. Teenagers pose on sandbags at Checkpoint Charlie where three ersatz soldiers lounge against a grungy clapboard guardhouse … Continue reading
Melville Edward “Bud” Schultz was the uncle I never met, the only son of a grandfather I adored. Bud died about three years before I was born. He was 21 years old, a Staff Sgt and a gunner on a B-24. … Continue reading
Best political cartoonist on the planet. Michael Ramirez. … Continue reading
The first thought that came in seeing these two graphics, especially the first, was: Income $1.00, outgo $.99 = happiness. Income $1.00, outgo $1.01 = misery. Source: American Express Publishing and Harrison Group The 2012 Survey of Affluence and Wealth … Continue reading
I remember being boggled by this sort of physics back in the stone age, as a new undergraduate. I got the math, but math is just symbolic language. It predicts and references but it does not describe. I never could … Continue reading