Category Archives: Economics

Run A High Pressure Economy? Janet Yellen Does Not Understand the Problem

Introduction Since the 2008 collapse, the Fed has been buying government debt to keep interest rates low in hopes of inducing more spending by individuals and business. There are several reasons this approach is wrong: It eliminates the safe source … Continue reading

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Xinyuan Real Estate: Positive News in a Risky Business

Introduction The second quarter results from Xinyuan (XIN) sound good. Table 1 summarizes data from CFO Liu’s statement at the earnings call. Sales are up. Area sales are up but not by as much (possibly because a greater portion of … Continue reading

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Media Warp – The Cable News Distortions

Introduction The media loves reporting bad news – great ratings! And we have all received far more information/reports with no new information than we need on the Orlando and San Bernardino killings. And the same on planes lost in the … Continue reading

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The Outrageous Income Differentials Allowed In the US – Time for a Change

Introduction Several weeks back, the New York Times (NYT) published its annual article on the highest-paid CEO’s with data provided by Equilar. I read these numbers every year with the same disdain and disgust: The CEOs appoint their Boards and … Continue reading

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The Labor Saving Effects of Switching from Store to Online Purchases: Amazon vs. Department Stores and Malls

Introduction My last piece explored some of the labor saving technologies being introduced into both the goods and the services industries. It suggested that “labor saving” is a major reason for the “weak feeling” US recovery and growing income inequality. … Continue reading

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Growth, Employment, and Income Distribution: The Technological Threat

Introduction The “talking heads” tell us that the global slowdown is largely the result of declining GDP growth in China and a resulting collapse in commodity prices. And the woes of Greece are not helping. But is this all there … Continue reading

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Selling Wine and Investment Advice: The Same Methods Are Used

Introduction In writing on wine and finance, I notice a lot of similarities. Most people cannot tell the difference between expensive and inexpensive wines, but the retailers use “descriptors” to convince them to buy. And while there are no investments … Continue reading

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The Gun Issue Revisited: Discussion with an NRA Member

Introduction The media’s 24-hour coverage of recent terrorist shootings has Americans worried. In actual fact, mass shootings constitute a very small share of gun deaths. A recent study defined mass shootings as events where 4 or more deaths occurred. The … Continue reading

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Greece and the Eurozone: An Update

Introduction From reading the media, one gets the impression that bailing out its banks is the most serious economic problem the Eurozone faces. This problem could easily be avoided. As I have explained elsewhere, not allowing banks to sell off … Continue reading

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Xinyuan Real Estate (XIN): The Numbers Sound Better….

Introduction Last week, XIN reported on its 3rd quarter performance. Most numbers were up a bit over last quarter and up a lot over the third quarter of 2014. But as I said in an earlier piece: being better than … Continue reading

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