My mom taught me if I can’t say anything nice about a decade, don’t say anything at all. That about sums up the 00′s. With two HUGE exceptions: My daughter was born in the 00′s… and she is the BEST thing ever. And, whatever I did during the decade, I believe [...]
Archive for December, 2009
When Obama first started talking about a health plan, it was to use the government’s buying power — since the government is already a massively large health customer — to lower the high cost of health. That sounded like good common sense to me. Fast forward to the details about the health plan [...]
I remember my first jaw-dropping Chinese stat many years back: That China had more cell phones than the U.S. had people. That was my signal that China was going to be the future economic force. I just read another such stat: Two years ago, researcher J.D. Power predicted China would pass the U.S. in auto [...]
Not sure anyone noticed but oil has gotten whacked over the last few weeks (actually touched the 60′s today)… while the Dow has hung in there… meaning the weird relationship between the price of oil and the Dow has gotten, well, a little less weird. I may be the only one in the country, [...]
The U.S. dollar has been getting hammered against the euro this year. Some people say this has to do with rising oil prices… which I don’t get, since oil isn’t moving on any kind of demand fundamentals. Smarter people say it has to be with the growth story… which I don’t get, either, [...]
Here was yesterday’s AIG headline: "AIG reduces government borrowings by $25 billion" Sounds great, eh? Not so fast. AIG isn’t paying us back (like a lot of other banks have/are). Rather, they are spinning off two units and preparing to take them public. For this, we (the U.S. taxpayer) gets $25 billion in preferred [...]
