Entries Tagged 'Economics and Investing' ↓
November 30th, 2010 — Government
On February 11th, 2010, based on my reading of several Rich Dad Poor Dad books by Robert Kiyosaki and concerned about the deficit, I wrote “Our Government: A Business Without Assets?”
In that post I discussed the difference between debits and assets and noted that our government doesn’t even track the total worth of its assets. I said, “What’s missing is a serious discussion in Congress of the US government’s debits and assets.”
This week British economist, Martin Wolf, echoes that statement in the concluding sentences of his op ed piece in the London Financial Times. In “Assets matter just as much as cutting debt” (11/26/10 p11), Wolf advises the US: “So stop focusing only on liabilities. Look at the assets too.” Continue reading →
November 21st, 2010 — Economics and Investing
Last time we heard financial reporters say what QE2 is supposed to do. Truly these writers looked like “the blind men trying to describe an elephant.” Economists, on the other hand, are easily to be able to see the whole picture. Economists are nearly unanimous is feeling that this round of quantitative easing will accomplish next to nothing
Why is that? To see, let’s put together the pieces of QE that make up a whole elephant. Then let’s see why our elephant might not get us to here we want to go.
Why the Fed chose QE2 to rescue our elephant
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November 15th, 2010 — Economics and Investing
Are you confused about what QE 2 is supposed to accomplish? If so, please don’t blame yourself. According to our economy’s ‘doctors,’ QE2 is supposed to cure everything from asthma to zebra-itis!
Not since “friendly fire” has there been a euphemism shrouded in obfuscation like “quantitative easing”! Here, straight from the London Financial Times and the Wall Street Journal are ten completely conflicting explanations of what QE2 might – or might not – do.
Continue reading →