Wednesday, June 15, 2011
Is American being sold?
In Chicago, it's the sale of parking meters to the sovereign wealth fund of Abu Dhabi. In Indiana, it's the sale of the northern toll road to a Spanish and Australian joint venture. In Wisconsin it's public health and food programs, in California it's libraries. It's water treatment plants, schools, toll roads, airports, and power plants. It's Amtrak. There are revolving doors of corrupt politicians, big banks, and rating agencies. There are conflicts of interest. It's bipartisan. It's happening daily, is it the fault of government, or has the housing bubble put everything up for sale at a discount?
Monday, June 13, 2011
Inflation?
While the Federal Reserve continues to keep interest rates low in order to avoid deflation and spur economic activity, inflation is already here. You don't need the Fed to raise rates to officially signal that inflation is here. If you make visits to the gas station or grocery store, you have felt the rise in prices. If inflation is simply defined as "too much money", then the effect is often a rise in prices.
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