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Tag Archives: economy

Has the government just lit the fuse on another atomic housing explosion/implosion? Probably.

The title of the attached article is, “Can’t Afford a House? Don’t Buy One.”

Seriously, don’t. I say this as someone who owns a house which is a little bit too small for his family and who would love to have people clamoring at my door with offers so I can in turn get a little bit bigger house. But if you can’t afford a house, if you don’t have a down payment, if your income has been wobbly, if you have a pile of student debt, save yourself the trouble and don’t “buy” a house. It’s just not worth it.

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Political entrepreneurs vs the real entrepreneurs

We are regulating our economy to death. One of the main reasons why there is an increasing disparity in wealth in this country is that the crony class is wrapping the middle class and the merchant class – the entrepreneurial class – in red tape. Pay a tax here. Pay a fee there. Do you have a license to do that?  It is harder and harder to build a business – something which is plenty hard to do without the crushing weight of the state.

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Can You Uber a Burger?

You sure can, and lots else besides.

With mobile computing markets for practically everything are much more dynamic and useful for the average person.

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The market is rigged? No : ‘Plunge protection’ behind market’s sudden recovery

The “plunge protection team” (PPT) used to be something which was whispered about. Now it’s openly discussed in the New York Post. Hell will become a frost covered plain before the New York Times  will ever mention the PPT of course.

As I have written before, there is an understanding among traders post-2008. If the market heads into a nose dive the Fed will intervene. It will actively buy futures (and likely whatever else it has to) in the market to buoy the market.

The PPT is kind of like the Israeli nuclear program. No one acknowledges it officially but almost everyone thinks it exists and as such this impacts markets.

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The crony casino move against online gambling

Gambling is not a particularly good thing. But it is something which millions, if not billions of people enjoy responsibly. Many of those people go to casinos now. The casinos however are afraid that if gambling is legalized online in the USA many of those customers will never again walk through casino doors. As such the gambling industry has mounted an anti-online gambling campaign in Congress.

But the tack the casinos have taken is just insulting. Their argument is that online gambling will increase moral depravity and encourage the vice. The CASINOS are making this case.

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