Monthly Archives: October 2009
Sunshine and Rain
Americans are an optimistic people. We don’t see problems, we see opportunity. When it is raining we look for sunshine. All of which makes it hard to post items running against the notion that the recession is over and all … Continue reading
Where is the Dollar going?
Long time readers will recall I have been worried about the Dollar for a long time. I recall back in the late 70′s telling friends and customers to buy German Marks, Swiss Franks, or gold as inflation was going to … Continue reading
Stimulus = Fail
Remember back in February when we had to act now to save the planet, I mean America as we know it with the $747 trillion dollar shovel ready stimulus plan? Remember the unemployment rate was going to top 8% if … Continue reading
Is the economic recovery for real?
I have been worrying lately about the state of the economy, and posting about the dollar, debt, and employment. Establishment economists and pundits have been talking about “V” shaped recoveries, green shoots, retail sales, earnings, and what not, to justify … Continue reading
Manufacturing in the USA
Wichita, Kansas is the capital of civilian aviation in the US. Cessna, Beechcraft, Learjet, all are made in Wichita. But the recession, tight credit and popular outrage at executives traveling on private planes brought the airplane business in Wichita to … Continue reading
Dollar purchasing power
The chart above was derived from Bureau of Labor Statistics data. As you can see, it takes about $22 today to buy what $1 bought in 1913. Note the correlation between this chart and the growth of government debt as … Continue reading
Give us this day
After two solid days of rain, the sun is shining this morning. There was just a hint of frost on the grass as we took off for our morning walk. Fall is here, the leaves are turning and winter is … Continue reading