Archive for Economy

Stuff Going On — 05/18/2017

Posted in For Free Trade, For God with tags , , , , , , , , , , , , , , on May 18, 2017 by cavalier973

Trump is on his way to a visit to Saudi Arabia. There is a countdown clock to the meeting. The Saudis are hopeful that the lurch toward favoring Iran that occurred under President Obama will be arrested and reversed by President Trump. The first article talks about the religious split (Saudi Arabia is Sunni Muslim, Iran is Shiite Muslim), but doesn’t mention the racial animosity between the countries: Saudi Arabia is Semitic, Iran is Indo-European, and I think it is a mistake not to bring that point up in these racially charged times. I once worked with Iraqi expatriates, and they hated the Iranians, but were contemptuous of the Saudis (they described Saudi Arabia as the “Mexico” and Iraq as the “USA”). But I digress. There is a hilarious quote concerning President Trump in the first linked article: “‘I hope he is very careful, nuanced and informed in his wording and body language, given the political earthquakes he could cause by repeating some of his previous rhetoric in such a setting,’ Sullivan said.” This is in reference to the speech Pres. Trump intends to make about the problem of Islamic extremism.

There’s just not enough popcorn in the world.

♣ The deputy attorney general appoints a special counsel to look into the whole #TrumpRussia story. The person he picked is former FBI man, Robert Mueller.

Roger Ailes, the founder of the Fox News network died. Sources say he is in talks with St. Peter to build an afterlife-based news station, tentatively called The Heavenly News Network.

Walmart is fighting for position against Amazon.com in the online shopping arena. I used to work for Sears, which at one time was prevented from merging with K-Mart because lawmakers were afraid that such a merger would create a monopoly in the retail industry. Then, years and years later, Sears and K-Mart did “merge”, and they are going bankrupt.

Online sales has proven too convenient. There’s also, I would think, a better “sales capture”, since packing that regretted impulse purchase back into a box and taking the box to FedEx or the Post Office is a lot more trouble than carrying it back to the store.

 

A couple of things…

Posted in For Free Trade with tags , , , , , , , , , , , , , on May 17, 2017 by cavalier973

•  Robert Wenzel discusses what a President Pence might look like, in terms of his economic policies, were Trump to lose his job. In short, Pence is conventionally “pro-market”, which means a mixture of actual Free Market advocacy with a leavening of crony-capitalism.

In this opinion piece, Gregg Jarrett argues that, had Comey written a memo describing Pres. Trump trying to obstruct justice, then Comey himself is guilty of breaking the law. He’s supposed to report that stuff. Jonathan Turley makes some similar observations.

Stuff Going On — 05/13/2017

Posted in For Free Trade, For God with tags , , , , , , , , , , , , , , , , on May 13, 2017 by cavalier973

The President of Turkey wants President Trump to not arm the Syrian Kurds, and also to hand over the guy who instigated last year’s coup. The presidents meet in D.C. next week.

♣ Last week I was called for jury duty, but was not ultimately selected. The case was “The State of Texas versus Aaron Gregory Lucas”. The jury found him guilty, and he was sentenced to life in prison. As with his trial in Colorado, he tried to blame the crime on his evil twin brother.

A music machine designed by Leonardo da Vinci is resuscitated. No word on whether Ron Howard will produce a mystery-thriller about the secret code discovered when the instrument is played.

I think Mr. Wenzel meant to say: “It’s Going to Blow”, because “It’s Gong to Blow” doesn’t make sense. In any case, the cure for FedGov budget problems is to cut spending, not raise taxes. Higher tax rates are a disincentive to productive work, which means that incomes are lower, so the taxes collected using the higher rate are collected from a smaller amount of income. It’s an unending spiral to the bottom. I desire that the FedGov cut its tax rates, but even more that it cut the amount of its spending . FedGov spending distorts the economy in numerous unseen ways. By it, the FedGov acquires resources, goods, and services that are then unavailable for market players. FedGov spending also incentivizes firms and individuals to divert resources into satisfying FedGov demands (which are based on political objectives and result in waste) rather than market demands (which are based on market objectives, and thus result in increases in productivity or consumption). Leaving rates where they are and cutting spending (truly cutting, not “reductions in the projected spending increases”) would be a better situation than cutting taxes and increasing FedGov spending–or, even, leaving spending at current levels.

I’ve started yet another blog

Posted in For Free Trade with tags , , , , , , on July 7, 2012 by cavalier973

This one is about stock investing.