GerryB43

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    • Sun Nov 9th 10:15 AM
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      Rating: +3 -2
      Commented on:
      The Reagan Counterrevolution
      Let us look at the record: economic growth restored, inflation contained, stock market at record levels, huge increase in jobs, all while winning the cold war for freedom-loving people of the world. Pretty good record in spite of not getting the entire growth agenda enacted into law. This legacy of Ronald Reagan has been eroded by two decades of creeping increases in state control of the activities of our daily lives. The number of pages added to the Federal Register each year is a pretty good measure of the level of regulatory interference in the economy and it is now at an all-time high. After a sharp decline in the Reagan years, it has climbed steadily through both the Clinton and the Bush years. It is not just the Federal intrusion - state power has steadily increased too. The myth of the Bush deregulation is just that - a lie told repeatedly by too many politicians and media pundits.

      And now we have a new President who clearly promises an acceleration in regulation at rate not seen since Richard Nixon. If you care to check the numbers, just click here: www.mercatus.org/uploa...

      So, Peter, you are correct in your prognosis. The end of prosperity is near.
      View article »
    • Sun Jun 29th 15:57 PM
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      Rating: 0 0
      Commented on:
      Current Market Conditions and Future Returns
      The quality of television commentary on CNBC is uniformly low (at least until 7pm EDT on Kudlow). The blarney gene seems the only requisite for most slots.
      Let's review: Investors always price increased perceived risk by increasing expected returns (translation: lower prices). They also create lower expected returns by piling into stocks in anticipation or even reaction to good news (translation: good news means lower future risk).

      BTW Bloomberg has its low moments as well.
      View article »
    • Mon Feb 18th 08:51 AM
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      Rating: 0 0
      Commented on:
      Pay More, Get Less
      Inflation is not the change in the relative price of a good or service; it is the change in the purchasing power of the unit of account. Rising relative prices of food and energy are now, unfortunately, linked thanks to the ethanol lobby. With the Fed still pursuing (mostly) a price rule for monetary policy, that means that other prices must fall.
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    • Mon Feb 18th 08:43 AM
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      Rating: 0 0
      Commented on:
      Don't Follow Wealthy Investors, Part 14
      Great observation. Once more you have demonstrated that not even the most brilliant investor is devoid of investing mistakes, you have proven that what appears cheap may have no intrinsic value at all. Buffett regularly and frequently admits when he makes a mistake, but only AFTER he has disposed of it.
      View article »