May 2009

If you've been rich enough to be in the ownership class or if you've recently used the system's own money to join the ownership class even though you weren't actually rich enough to do so (people who are living in homes that they "bought" with no-doc loans, for example) then you live in a house subsidized with welfare money and you probably drive a car subsidized with taxpayer largesse to job that ... read more

* A national sales tax will give the Republicans and Democrats in charge yet another place to skew the playing field and give special interest groups targeted tax tricks (read: welfare) in yet new ways.  Make any tax, including a national sales tax, a standard for EVERY purchase EVERYWHERE or don’t do it at all!  And if you voted for any Republican or Democrat who ever voted for any of these ... read more

Got a new intern who's gong to start compiling the trading/business/economic posts from my http://twitter.com/codywillard account every couple days into a read-able blog post. Here's a batch from the last 24 hours: Banks/Politics (is there a difference anymore? no!) The same banks that have taken ... read more

One of the most important lessons (I think) I’ve learned as a trader over the years is to set up a rough playbook based on your expectations of the fundamentals of the economy or company. My playbook’s been all about tough, range-bound bear markets ever since I grew ever more bearish about the economy as the Republicans and Democrats in power voted through a new paradigm of ... read more