Morning Whiskey

Human Nature and the GRA, Part I

Oct 19th, 2010 | By | Category: Economics, Featured, Morning Whiskey, Personal Investing
A very bright reader extrapolated from two very different recent articles and asked, "Linda...? Have you considered what can happen when forced GRAs are implemented and the consequences to those who refuse to play and sell out before the deadline?" Blush. No, I hadn't; I talked about the proposed GRA ...read more


Asiatic Adventurism, Part III

Oct 12th, 2010 | By | Category: Economics, Featured, International, Macro Economics, Morning Whiskey
For a quick overview of issues, consider that China has understood the art of war since Sun Tzu, back when the rest of us didn't have fireworks or chopsticks. The Chinese do not like losing face. Shooting wars have been known to start over tariffs. China is already using gunboat ...read more


Asiatic Adventurism, Part II

Oct 8th, 2010 | By | Category: Economics, Featured, International, Morning Whiskey
To follow up on the conversation we began the other day... Mr. Obama needs a short, victorious war before the election, but those are thin on the ground unless your name was Moshe Dyan or Golda Meir. Looking at the quotes I have to work with today, I think Barack's ...read more


Asiatic Adventurism, Part I

Oct 6th, 2010 | By | Category: Economics, Featured, International, Morning Whiskey
Just when we think Democrats can't do any more to damage the economy and Republicans cannot be any more gullible, the boys and girls in the House of Representatives get together, 348 to 79, to pass a bill so stupid the mind reels. The only thing I can think of ...read more


Taking Over the Restaurant Business

Sep 16th, 2010 | By | Category: Economics, Featured, Morning Whiskey
It is unprecedented for me to take such offense at political assaults on the "free" market and economic affairs that I write more than one article on the same outrage, but the former lawyers in the White House are putting their fat fingers into corporate profits, parental choices, and school ...read more


Job Creation, Obama Style

Sep 7th, 2010 | By | Category: Economics, Featured, Morning Whiskey
To give Mr. Obama his due, that is one stubborn man. He doesn't care what anyone thinks, it's his way and the highways, the railways, and the runways. Pretend politics don't matter (they do), and let's examine his latest idea on "job creation," which is to spend "over $50 Billion" ...read more


“Eet Eez Ze Costom of Ze Contry, Signore”

Aug 31st, 2010 | By | Category: Economics, Featured, International, Morning Whiskey
One advantage older investors have is that we have been there, done that, and seen about everything -- usually several times. It came as no surprise to me whatever -- other than the timing -- to hear that Brazil has decided to forbid foreign ownership of land and may confiscate ...read more


It’s Delightful, It’s Delirious, It’s Deflation

Aug 17th, 2010 | By | Category: Economics, Featured, Morning Whiskey
In the usual bombardment of suspect statistics subject to revision next month there are a couple with considerable prospects for amusement, only partially because Messires Obama, Geithner, and Bernanke did not enjoy them if they even bothered to look. We here in the Bar seldom believe official numbers these days, ...read more


Choosing Whose Blood to Shed

Aug 12th, 2010 | By | Category: Economics, Featured, Morning Whiskey
Bloody riots in the streets demonstrated how Greek government employees felt about being paid for twelve months' "work" a year instead of receiving fourteen "monthly" paychecks a year on the way to fully-paid retirement at age 55, as I recall. It makes one wonder how the 40% of those employed ...read more


Cornering the Market

Aug 2nd, 2010 | By | Category: Economics, Featured, Morning Whiskey
It has been over a quarter of a century since the Hunt brothers set out to corner the market in silver and actually succeeded in running the price up to near $50/ounce, a staggering sum back then, when three ounces of silver sold at that price would have fed a ...read more