Entries Tagged 'Economics and Investing' ↓

Word of the Day – Unicorn Money-Sinkholes

Several years ago we got an invitation to come to an investor’s meeting in a nearby city where a miniature golf course was to be opened.

We weren’t investors, but we wanted to see what an investor’s meeting was like. I’m a long-time fan of golf and miniature golf courses.

So, we walked into a small office space that was under construction to turn it into an indoor mini-golf and mini-race car track amusement place.

Only half the holes had been built, there was plywood and tools and paint cans galore sitting around. There was also food and drink on the tables in the front.

Lots of people were milling about and we met the woman who was the carpenter building the golf holes. She regaled us with her story of meeting the owner of the place at a party after losing her job.

Then the meeting began in the second-floor loft where the owner had an office. A whole lot of men went upstairs to listen to the owner’s pitch for their money.

We hung around for awhile, played a few holes and went home happy.

How Times Have Changed!

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Are Vaccines the Answer?

Thanks to the incessant drone of the media and and social media this century there is a huge split between the “right” and “left” in the U.S.

I look at that split and I feel it only goes to serve the ends of the wealthy to become even wealthier at the expense of the rest of us. Here’s how.

Coronavirus-19 seems to have accelerated that split even faster as we watch the death count in our country rising more and more each day. 

If you don’t believe that corruption lies in D.C. take a look at the chart I just posted on Brucenomics. 

In four weeks, the cream of trillions of dollars was skimmed off by Wall Street, while our President said, “Let them drink disinfectant,” and he urged us to go on contaminating each other by not wearing masks. 

Now on the second-and third- rounds of the “stimulus”, things haven’t changed much. Public corporations are getting money and so are foreign students. The death rates are still underestimated and tests and PPE supplies undelivered.

Now our President is promising a miracle cure in just months. Let’s take a look at the left and right responses to this. Continue reading →

Helicopter Money for Wall Street – Image

This image by the St. Louis Fed is taken from a Wolf Street article  by Wolf Richter in San Francisco. This picture is worth a 1,000 words….

Total assets on the Fed’s balance sheet from debts of the federal government increase to $608 trillion in four weeks. The stimulus program handed out $1.77 trillion to big banks to loan to their largest customers who pay them the biggest fees. All money was spent in four weeks, bankrupting the original stimulus program.