Showing posts with label It's the Economy Stupid. Show all posts
Showing posts with label It's the Economy Stupid. Show all posts
07 October 2008
Economic Commentary By Means of Kinks Songs . . .
(The Pretenders version is superior, though)
(and the United States economy is fundamentally strong as McCain has said, even if Obama finds that a risible comment)
01 December 2006
Heh, Indeed
What he said.
I happened to catch Kudlow today, he was funny, sharp and really hard on former Secretary of Labor Robert Reich.
(no dwarf jokes, this is a time of reconciliation and reaching out between political poles)
Good times, good times.
Also, though it's too easy, it's always fun to watch a good slagging of Paul "Broken Clock" Krugman.
(actually, Paul "Broken Clock" Krugman's record is far worse than a broken clock, he's not right twice a day, more like twice a decade)
(and let me start the suggestion that Paul "Broken Clock" Krugman should always be referred to as such)
I happened to catch Kudlow today, he was funny, sharp and really hard on former Secretary of Labor Robert Reich.
(no dwarf jokes, this is a time of reconciliation and reaching out between political poles)
Good times, good times.
Also, though it's too easy, it's always fun to watch a good slagging of Paul "Broken Clock" Krugman.
(actually, Paul "Broken Clock" Krugman's record is far worse than a broken clock, he's not right twice a day, more like twice a decade)
(and let me start the suggestion that Paul "Broken Clock" Krugman should always be referred to as such)
27 October 2006
It's the Economy (and There's Nothing Stupid About It)
Why do we have the most dynamic economy in the developed world?
Over at Sippican Cottage, part of the answer can be found in this post.
At The Global Perspective, Daniel Harrison has a series of posts that celebrate the economy and take the fools who talk it down to task. First, Greed is Good, then a lengthy post explaining the core strength of the current market run-up, finally, a post showing how ridiculous Daniel Gross is being in Slate.
Larry Kudlow has a couple of choice quotes in support of free trade.
Over at Join Arnold, the Gov. Schwarzenegger campaign's website here's there quick reference guide to the improving California economy.
Things could be better, but the way to greater prosperity isn't greater government control and isolation. Cutting bureaucracy and encouraging global trade will continue to fuel both prosperity, and an increasing quality in the goods available.
Imagine how crappy cars would be if our markets had been "protected" from non GM/Ford/DaimlerChrysler vehicles for the past 30 years (as many wanted to do in the late 70s)? I shudder at the thought of that world.
The globalization of production, and the increasingly direct communication between suppliers and demanders has improved the quality of life for everyone.
Our economy is far from perfect, but it's still the least protected, most global market in the developed world.
Some would claim that our prosperity and dynamism are unrelated to the relative lack of protectionism and isolation (compared to Europe or Japan anyway), but those folks are fools.
UPDATE
Somehow I missed this bit in Lileks' Bleat from today, entirely not unrelated in my opinion.
Over at Sippican Cottage, part of the answer can be found in this post.
At The Global Perspective, Daniel Harrison has a series of posts that celebrate the economy and take the fools who talk it down to task. First, Greed is Good, then a lengthy post explaining the core strength of the current market run-up, finally, a post showing how ridiculous Daniel Gross is being in Slate.
Larry Kudlow has a couple of choice quotes in support of free trade.
Over at Join Arnold, the Gov. Schwarzenegger campaign's website here's there quick reference guide to the improving California economy.
Things could be better, but the way to greater prosperity isn't greater government control and isolation. Cutting bureaucracy and encouraging global trade will continue to fuel both prosperity, and an increasing quality in the goods available.
Imagine how crappy cars would be if our markets had been "protected" from non GM/Ford/DaimlerChrysler vehicles for the past 30 years (as many wanted to do in the late 70s)? I shudder at the thought of that world.
The globalization of production, and the increasingly direct communication between suppliers and demanders has improved the quality of life for everyone.
Our economy is far from perfect, but it's still the least protected, most global market in the developed world.
Some would claim that our prosperity and dynamism are unrelated to the relative lack of protectionism and isolation (compared to Europe or Japan anyway), but those folks are fools.
UPDATE
Somehow I missed this bit in Lileks' Bleat from today, entirely not unrelated in my opinion.
I made dinner – cornbread-encrusted catfish with cilantro-lime cocktail sauce, garlic-and-olive oil fries, a mixed green salad. Sounds nice, no? All pre-made. The catfish was pre-encrusted and frozen; the sauce came out of a bottle, the fries came with a frozen sauce packet, and the salad was mixed in the bag, presumably not with pig-distributed e.coli. Growing up in North Dakota, fish night meant fishsticks, with fish that had been caught during the Korean conflict and tartar sauce that looked like regurgitated Elmer’s Glue. One of these days I should sit down and tote up all the ways the smaller things are better. It would take me an entire day.
10 October 2006
Their Definition of "Win" is Different from Mine
(via Drudge)
Nevada gaming establishments "won" a record 1.06 Billion dollars in August 2006 out of 14 Billion dollars wagered for an average vigorish of 7.6% across all games of chance. 11.3 Billion was plunked into the hungry bellies of slot machines (though lately, there's scant little plunking, the devices all take your paper money directly and spit out receipts instead of coins, if you want).
The primary winners were on the Strip in Vegas, up 14.3% over August 2005.
Of course, the house winnings are built on the losing of the losers 'aka' tourists/costumers.
And August is usually one of the worst month's for Las Vegas.
The economy must be doing awfully good for folks to throw away 14 Billion in Nevada casinos during a slow month.
One other thing, the new slogan for the state of Nevada should be, "Nevada, It's Where Grandma Spends Her Social Security Check!"
Nevada gaming establishments "won" a record 1.06 Billion dollars in August 2006 out of 14 Billion dollars wagered for an average vigorish of 7.6% across all games of chance. 11.3 Billion was plunked into the hungry bellies of slot machines (though lately, there's scant little plunking, the devices all take your paper money directly and spit out receipts instead of coins, if you want).
The primary winners were on the Strip in Vegas, up 14.3% over August 2005.
Of course, the house winnings are built on the losing of the losers 'aka' tourists/costumers.
And August is usually one of the worst month's for Las Vegas.
The economy must be doing awfully good for folks to throw away 14 Billion in Nevada casinos during a slow month.
One other thing, the new slogan for the state of Nevada should be, "Nevada, It's Where Grandma Spends Her Social Security Check!"
03 October 2006
Not the Big News of the Day
What if the Dow Jones closed at an all time high in Wall Street, and nobody hears about it on the nightly news?
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