Discursive MonologueDiscursive MonologueContrarian investing and economic news. Decrying the credit bubble and the monetary policy that created it. Articles
10 Clichés to live by
2007-07-01 18:00:00 I was recently asked to describe myself in one word. The word that I chose to describe myself was ‘boring.’ I am boring relative to my peers and co-workers. I never come to the lunch table with a story about how I was so drunk this weekend that I vomited all over a bar table ... More About: Live , Timeless
Featured Site: coinflation.com ? reporting the melt value of common coins
2007-06-30 20:15:00 When most people think about inflation, they think about how inflation affects the prices consumers pay to live. When I think about inflation, I consider the broader definition of inflation as expansion of the money supply. After all, expansion of the money supply changes one of the two components of classic economics?it effectively raises demand ... More About: Wordpress , Site , Common , Featured , Value
Video Friday: Meet the world?s fattest cat
2007-06-29 22:14:00 I’m winding down for the weekend and that means a simple video post (I intend to do this every Friday ). Throw out your funny cat pictures. You won’t know whether to laugh or be appalled by this video. The owners must have had this cat on walrus diet. The video features this 40 pound cat ... More About: Video , World , Meet , The World
Making Google Adsense work for your blog: Blending; placing the ad block wi
2007-06-28 21:11:00 When I first started a Wordpress blog, I had the intention of placing Google Adsense ads like other bloggers have done–that is, placing an ad block within a post and letting the content of the post work around the ad block. I didn’t see a lot of specific, consolidated information around the internet guiding a ... More About: Work , Blog
Fare Not-So-Well: Ending your employment with grace by calling out manageme
2007-06-27 15:13:00 The following is an actual email sent by a disgruntled employee whose term came to an abrupt end at one of the largest financial corporations in the United States. The “to:” line of the email included directors, human resources employees, managers, and even the CEO (who probably has a fine secretary filtering this kind of ... More About: Employment , Grace , Ending , Timeless , Calling
Chinese continue to shy away from U.S. dollar denominated assets; Chinese N
2007-06-26 19:27:00 A chief motif of this blog is that the global status quo?that is, the one where the world considers Federal Reserve notes made of paper valuable?is not likely to stay the same. Indeed, I have shown that American wealth is an illusion manifested by cheap credit and a highly leveraged consumer. With debt climbing unsustainably ... More About: Economics , Dollar , Chinese , Away , Asset
Site maintenance
2007-06-26 16:15:00 Update: While I don’t actually know php, this was such a simple task that it took me about 15 minutes to write the code and implement it successfully. I have been successful and you can validate the success (if you actually care) at this post. Notice that, while for ordinary posts (like this one) a ... More About: Wordpress , Site , Maintenance , Tena
How currency appreciation compounds the returns on foreign equities for U.S
2007-06-19 00:23:00 On June 6, I mentioned that I like exchange traded funds (ETF) because they can offer exposure to foreign currencies and foreign economies. Today, I want to offer some visuals to show just how pronounced the effects of currency appreciation can be on an ETF that is priced in U.S. dollars. All charts cover movement ... More About: Currency , Investing , Foreign , Equities , Appreciation
The change in the FICO scoring system draws opposition form piggyback middl
2007-06-17 15:39:00 This is a follow-up to my column about the business of piggybacking, where people can improve credit scores by borrowing credit history as an authorized user on someone’s credit card. I mentioned that Fair Isaac is adopting a new FICO scoring system, starting in September, that ignores authorized users. There are two parties that oppose ... More About: Politics , System , Change , Form , Draw
Visualizing Economics - A look at income and demographics in this week?s fe
2007-06-17 04:00:00 I want to continue featuring one web site each week that I think my readers will find interesting. The featured web site this week is a blog called Visualizing Economics . This blog has been sitting quietly in my blogroll for a while. The aptly named blog presents graphs of income data. The focus seems to ... More About: Wordpress , Income , Week , Demographics
Trade protectionism is in bloom; Congress has begun its assault on the worl
2007-06-15 16:20:00 This week, a new bill was introduced in the Senate with the intention of encumbering international trade with nations whose currencies are not rising fast enough to appease the fickle Congress . Stephen Roach predicted that anti-China legislation would make it through by the end of the summer?it appears his prediction will be accurate. Senate bill ... More About: Politics , Assault , Trade , Prot
Record share buybacks distort per share earnings and P/E ratios; Use other
More articles from this author:2007-06-14 16:31:00 Just how over-valued is this market? At first glance, it does not look too bad. The P/E ratio of the S&P 500 is near 18. That doesn’t seem too high considering the 80-year average is 16 and the 2000 dot.com bubble peak was well above this level. I encourage people to look beyond this misleading ... More About: Economics , Earnings , Share , Record , Earning 1, 2, 3 |
 |
|
 |
