Books: “MegaThreats: Ten Dangerous Trends That Imperil Our Future, And How to Survive Them” by Nouriel Roubini

| April 29, 2023

This past month while semi-vacationing in Florida (condo window installation), I started reading an excellent new book by well-known economist Nouriel Roubini called “MegaThreats: Ten Dangerous Trends That Imperil Our Future, And How to Survive Them” (October 18, 2022). The book follows a trend for me and what I’ve been reading when it comes to […]

Investors are concerned as the Fed tapers and inflation rises

| October 16, 2021

A friend contemplating rolling over his 401K to an IRA asked me a bond investing question the other day as he would like to balance his portfolio of stocks by adding some bonds after the rollover. Since he has never owned a bond (outside of a managed fund), the question was, “what’s the impact of […]

What do MMT economists theorize? “The Deficit Myth” #book

| May 8, 2021

A few times before I’ve thought, and blogged about MMT or Modern Monetary Theory, when it comes to newfangled economics. Personally, I (nor many economists) can accept the thinking or rationalize the large deficits and debt path our country is on. In order to better understand the mind-set, I decided to read Stephanie Kelton’s book […]

Eating out with a friend during COVID19 and an MMT discussion

| December 22, 2020

With only a handful of meals out during this COVID19 year with my buddy Jeff this past year, I’ve learned to appreciate them even more than usual. We’ve been having lunch together each month or so as a way to stay connected for decades and for me adjusting to just emails and text messages is […]

The correct conservative vs liberal economic balance for America

| June 14, 2018

Americans are struggling once again with carrots, sticks and tariffs event though throughout our history we have always been advocates for "free trade" … believing that in the end open trade wins. Unfortunately it isn’t always that simple when it is your job, your house and your life on the line. It is understandable that […]

Tariff fears ease and buying on Wall Street resumes

| March 5, 2018

After President Trump’s bombshell about placing tariffs on US imported steel and aluminum last week (although he did suggest it during his campaign for president), comments made later made it sound like cooler heads may prevail — that … and the fact that many of President Trump’s advisors remained quiet or gingerly disagree. Speaker Paul […]

Rethinking our National Debt while still encouraging growth

| June 4, 2017

From a small business perspective, excessive debt is near the top for reasons entrepreneurs fail in business. In my experience there are bankers and leasers with terms in the lenders favor, but not in the borrower’s favor. Bankruptcies are harmful not only to the person and family going through the ordeal, but on the creditors […]

Reading Predictably Irrational on a Kindle and some humor

| April 19, 2017

My friend Jeff and I try to get together for a Friday lunch once or twice a month. We often discuss work, politics and management, particularly as it relates to his job and potential advancement … although we recognized the limited number of years for that second part. Anyway, one of the books he is […]

FoxBusiness is growing because of talent like Maria Bartiromo

| March 2, 2017

This kind of interview and polite exchange with Jason Furman is what make Maria Bartiromo one of the best in the business … and why FoxBusiness is beating CNBC. They are now the business news powerhouse … not to mention their sister channel FoxNews had more viewers than any other network during President Trump’s speech […]

Presidents Day: Leaving behind debt (as a share of GDP)

| February 20, 2017

Happy Presidents Day … if you can still smile after the lack of discipline and leadership.  

Enough playing politics with the minimum wage

| November 4, 2014

There is a populous push coming from Democrats and the Obama administration to increase the Federal minimum wage … instead of letting markets to set the proper levels. It’s understandable with all the negatives facing the Whitehouse and failing policies being pushed by Democrats to create jobs, that politicians resort to simpleton tactics that appeal […]

Worth it? Six months with Sodastream and Diet Coke

| July 13, 2014

In analyzing my Sodastream Christmas gift from the kids … after polishing off the original soda flavors … my 5 gallons of Diet Coke concentrate will last about 6 months. My wife Brenda unfortunately did not become a fan (lifetime Diet Pepsi addict) although I adjusted my daily refreshments choice to primarily the paintball carbonator […]

Does a generous welfare benefit create a work disincentive?

| July 10, 2014

I listened to a debate on CNBC on Wednesday morning featuring Princeton economics professor Alan Krueger discussing the problems of long term unemployment which lead to Joe Kernen suggesting there are financial disincentives to taking entry level jobs … the kind of work the unemployed need to gain experience. Krueger discounted that people weigh the […]

We are the one-percenters when it comes to history

| May 3, 2014

The LearnLiberty.org YouTube channel is one of the better online timewasters learning tools when it comes to educational web surfing. I particularly enjoy the variety of subject matters and guests who contribute to making the short and concise content. In the video below, Professor Deirdre McCluskey points out the radical change innovation made in our […]

The priceonomics of using a Sodastream soft drink maker

| February 24, 2014

In my pursuit of cheaper soft drinks it has become my terminus to save a buck and still make decent tasting cola. I continue to tweak my Sodastream setup and can confirm that my tastebuds have now fully adjusted to self-blended Diet Coke … and that I’m addicted (not so good). Currently the five gallon […]

Understanding How the Economic Machine Works – Ray Dalio

| January 23, 2014

Would you like to have an “aha moment” in understanding why and how we attempt to manage our economy? Then watch this 30 minute YouTube video by Ray Dalio, founder of the largest hedge fund in the world, Bridgewater Associates. If you prefer reading, visit economicprinciples.org and download the research paper … the light bulb […]

Crunching US deficit numbers is not very comforting

| September 29, 2010

There are two opposing mindsets when dealing America’s deficit and correcting America’s struggling economy; it is pretty black and white when it comes to opinions. There’s the liberal Democrats position, expressed by the Nobel Prize winning New York Times columnist Paul Krugman, who recommends dealing with our deficit by raising taxes and continuing to increase […]

Book: Comeback American by David M. Walker

| February 5, 2010

Books about fixing America’s dysfunctional economy are trendy again and partisan finger pointing is probably the most notable component in most books. The book by David M. Walker called Comeback America is no exception when it comes to the frustration and anger he shares when in particular chastising President George W. Bush. Irritation aside, Walker […]

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.
My Desultory Blog