Category: Daily Society

Asset Allocation Books

“The Intelligent Asset Allocator” – William Bernstein.  Good grounding, but the 2001 edition doesn’t have the dreadful equity returns of the last 10 years nor the surprising bond returns.  How much would newer ‘recency’ affect the recommendations?  I need the new returns and standard deviations which include the 1st decade of the 21st century.  Bernstein…

Topsy-Turvy

I was thinking to do a poll Is the leaker of WikiLeaks a hero or a villain? Then I thought People on the left will call him a hero People on the right will call him a villain Then I thought People on the left are supposed to believe in big government. They should be…

Cost of Tea II

The Tea Party logic that we go from a high government cost to a low government cost overlooks the transition costs.  All the social contract based on the current government structure will be affected.  That contract includes current government employment, level playing field for investors, retirement plans based on social security and medicare, education, energy…

Jobs Growth

Finally, we’re getting some jobs growth again.  151,000 in October.   From the demographic data, we know that 60,000 are needed to absorb natural population growth. That leaves 90,000 to reduce unemployment. That’s 6 years to make up the 6 million lost in this Great Recession – at this rate.