St. Paul’s Chapel & World Trade CenterPublic Domain ~ See footnote 6 for source If we were accused of believing in the God that George Washington and the first U. S. Congress invoked to bless the United States, following Washington’s April 30, 1789 inauguration,1 would there be enough evidence to convict us? Perhaps the best (or worst)
At some future day, say even 100 years hence, will observers look back upon the age of baby-boomers and their offspring as a bizarre time of dizzying technology AND stupefying intransigence? Will someone begin to quote Charles Dickens,1 lamenting: “It was the best of times, it was the worst of times, it was the age
Blinding Paradigms? Read More »
If you were a writer and wanted to hype your income (and had the means), a sure-fire way to do it would be to buy tons of your own books and store them in some warehouse. Then after a short period of time, you could put them back on the market—with a price increase, of
A bottomless pit of contrivance?(from office.microsoft.com) A few days ago in Alberta, a heat spike was forecast. The power-generating giant TransAlta seems to have anticipated its own spike as two of its large coal-fired electricity generating plants were shut down for “unscheduled maintenance” creating a classic supply and demand divergence—huge demand with limited supply, with
TransAlta Culpa (Again) ? Read More »
If you are a believer in “free-markets” and laissez-faire, perhaps an excursion beyond Milton Friedman (& company) might prove useful. Here is one suggestion: Flash Boys: A Wall Street Revolt by Michael Lewis © 2014 In trying to unravel a Wall Street mystery, several people, hired and headed by Brad Katsuyama of RBC (Royal Bank
High-Frequency Déjà Vu Read More »
(All indented quotes are found in Devil Take the Hindmost: A History of Financial Speculation by Edward Chancellor, © 1999, A Plume Book. You should read this book if you are an investor and/or speculator, or if you are financially related to one.) Not only was the “vast fund of stupidity”* a growth industry in
(All indented quotes are found in Devil Take the Hindmost: A History of Financial Speculation by Edward Chancellor, © 1999, A Plume Book, pp. 59, 67, 67, 69, 76, 77, 92.) In memory of the birth of the South Sea Company (in 1711 – 300 years ago), Deja Vu Times recycles a few comments/quotes from
“Vast Fund of Stupidity [& Recycling Cupidity]”?! Read More »