For all the hoo-hah and excitement of political campaigns, there is one issue that isn’t being talked about. That’s hardly a surprise, since it’s been a big issue my whole life and no one has really wanted to talk about it. But that doesn’t change the simple reality that a lot of the problems in the USofA today are directly related to the simple fact that we don’t make stuff anymore.
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Category Archives: Money
Economics and commerce, all built from scratch.
Panic!
As I have said before, it was only a matter of who showed signs of panic first – investors or the Fed. It happened almost simultaneously when it finally went down, but the call was for investors to make.
A number of things happened yesterday, but the big news was the emergency 3/4 point cut in interest rates by the Fed. Why did they finally move, and move so boldly? Because stock markets had been down around the world for two straight days, ours having been closed for MLK Day. Our markets showed signs that they would tumble in response, hence the cut.
Bestsellers!
Recently I tried to bring up the most important subject in writing, or at least the most important one I can think of. No, it’s not really about the metaphysical concept of a “Human Condition” or other esoteric stuff. I’m interested in why people buy books in the first place. After all, without that income stream there’s not much point in having a publishing industry.
The Game
Today is the day that the Nobel Prize in Economics is presented to the men who laid the foundation of “Game Theory”. The basic idea is that in any complex system individuals behave according to the rules and develop a strategy for winning, or at least achieving their own personal goals. From there, setting up a good economic system is nothing more complex than creating a good board game with a healthy equilibrium.
Rollin’ and Scratchin’
Before I go to my mail, I want to point out a neat little summary from CNN on the latest financial crisis: Structured Investment Vehicles (SIVs).
