I happened to be listening to one of my all-time favorite econ books Sunday and I was reminded of something we try to forget on Mondays. Namely that in hunter/gatherer societies, people only works (on a community average) about 1,000 hours per year. Of course, it depends on what your definition of “work” is, too. … Read More
I apologize, once again, for the short column that we put up Friday morning. 2.5 hours on an operating table is, well, a bit less than inspiring – and because the eye patch was still on from the removal of my failed implant (after 25 years, just to be fair) it was Elaine doing the … Read More
Maybe it was something in the drugs the anesthesiologist was pushing Thursday, but an incredible moment of economic insight slapped me up-side the head on Friday while the market was tanking.What if economic growth is all simulated and nothing is as it seems. We get into that in today’s report, along with a few headlines … Read More
We have a number of things to cover this morning, so an unusual “Saturday Special.” ITEM ONE: Peoplenomics will likely be posted on Sunday. It’s only partly due to surgery. Turns out I’ve come up with a whole new paradigm for investing through all this disruption this week. And it’s taking a while to get … Read More
Although the Dow fell 200 and change THE DOW FELL 200 AND change Thursday, my concern now is that we are not yet to the break-point of this decline. The reason may be understood two different ways: ONE, would be a discussion of how things look from the Elliott Waver perspective, while the other is … Read More
Well, that wasn’t much fun. The eye surgery Thursday was something of a train wreck. When I went into the operating room, the main idea was that they would put me under, I would have the old eye implant repositioned, and they would put a stitch in – and that would be that. Well, … Read More
If my brain is still functioning (a matter of some dispute, I’ll admit) we should have Facebook earnings out after the close today. Not always, but often enough, when a company announces a new way to raise revenue a week or three before earnings, there is a reason. Might be an unspoken message like “If … Read More
Apologies that we won’t be putting up the usual post-Fed decision and what our outlook is until tomorrow (at the earliest) and Monday (I hope at the latest) but my eyes are about to “go done” for some offline maintenance today. A little background, if you’re following the home game of “Trials of George” – … Read More
With eye surgery tomorrow, wearing a baseball cap to control light, squinting a bunch and instilling eye drops prior to surgery, we are sticking with our core this morning: Long wave prospects for the economy and our personal incomes. Years back, we evolved a strange view of fractured markets that comes down to this simple … Read More
(With apologies to Edward Everett Horton of Fractured Fairytales fame): Once upon a time, in a land not-so-far away, there lived a little girl named Fed. She lived in a small cottage, deep in the woods with a strange old woman who called herself Lady Liberty. Often, this kind old lady would stand in a … Read More
When my life-long chum was out last week, a topic went by in conversation that I meant to expand on in a column one of these days. And today is that day. The topic is wheelbarrows and hand trucks. Now you would think that living in the East Texas Outback, as we do, that we … Read More
This is, in military terms, one of those mornings which offers a “target rich environment” for the thoughtful man who’s just trying to get along in the world. It seems as though a particular kind of disease is making its way around the country – and although I haven’t found an “official name” for it, … Read More
A while back on our www.peoplenomics.com site, I outlined how a person – even with just a phone – could put together a very good “intelligence platform” and using it, you could throw out your time sink known as “the talking heads” of the newsporn biz. Not that they aren’t cute, quaffed, buffed, and rated … Read More