Saturday, May 29, 2010

Six impossible things

This is a great post from John Mauldin on the impossibility of every nation becoming net exporters and reducing deficits at the same time.

Sunday, May 16, 2010

Thursday, May 6, 2010

Stock market is broken

While I was at lunch today, the DOW took a thousand point plunge, then recovered about 600 points within about 30 minutes. Meanwhile, gold was up over 2.5%. The stock market mechanism is broken and fraudulent due to HFT trading, front running, and a host of other reasons.

Google finance was showing 30,110 shares of Accenture stock (ACN) traded at 1 penny, while it closed at 41.09. Any system where this is normal is not a place to put hard earned money, or pension fund money.


Saturday, May 1, 2010

California Unemployment Insurance Fund Balance

The following chart shows the California UI Fund balance and Month-over-Month changes since the recession began in December, 2007. The balance went negative at the end of 2008 and has had a growing negative balance since then.