Flametoad

There’s an interesting, short editorial on the Britannica blog about where the economic policies of the last decade will leave us when China shifts some of its export economy to consumption. The premise is that they don’t need us to buy as much of their goods, they won’t need to prop up the US economy [...]

They say that the only thing that’s certain is death and taxes, but for a lot of Americans that’s only partially true. Here in America, our tax code has become so convoluted that people who make below a certain threshold (something in the neighborhood of $30K) are not only exempt from paying taxes, but actually [...]

This past week we found out that our furnace has finally croaked. It doesn’t come as any great surprise. The thing is almost 20 years old, so we’ve had it inspected every Fall prior to cranking it up just to make sure no cracks had formed. Unfortunately, this year the answer was affirmative and even [...]

This is totally unverified, but pretty believeable. I read that the original Wall Street bailout bill that was submitted to Congress was 2 pages long. The one that was eventually voted on, and voted down, was 100 pages long.
If congress ends up agreeing on a compromise economy investment bill, how much do you think will be [...]

Just stumbled across this quote from Asia Times Online and it’s too good not to share:
There is nothing complicated about finance. It is based on old people lending to young people. Young people invest in homes and businesses; aging people save to acquire assets on which to retire. The new generation supports the old one, [...]