Since there is no opposition on campus, the professoriate can call anyone who opposes their ideas, “racists,” and “fascists.” Thus, speakers who are not necessarily controversial, like Ben Shapiro, Ann Coulter, Charles Murray, even FEE’s Lawrence Reed, are demonized and booed off the stage or forced to cancel their talks due to threats of violence.
However, financial management skills in an age of inflation ripe with asset boom and busts is very rare among humans. As Jason Zweig writes on his blog about Sir Isaac Newton, who had more candlepower upstairs than most of us.
“We believe alcohol could be under pressure for the next decade, based on our data analysis covering 80 years of alcohol and 35 years of cannabis incidence in the U.S.,” the Cowan team noted. “Consumer survey work suggests [about] 80% of consumers reduce their alcohol consumption with cannabis in the mix.”
So, with FASB shocking the banks back to life with their rule-changing paddles, and the Fed offering banks a place on its bloated balance sheet to park cash and earn a risk-free 25 basis points, a few canny investors scooped up the warrants and waited for the Fed’s cheap money to raise all boats, even the comatose bank boats.
What Tina and Smith don’t mention Eli Segall does in the Las Vegas Review-Journal,”Some 2.17 percent of homes in the Las Vegas area, or a total of 14,334 properties, are vacant
So don’t believe that Game 5 is an indication of the shape of things to come. It likely reflects a peak in social optimism that will begin to head the other direction.
So bankers who have trillions in derivative bets dependent on the direction of Libor, participate in the setting of the rate. What could go wrong?
Stock promoters where more ingenious then; today all that is needed is “blockchain” in the company name.
The econ department is out-of-step with young people, they claim. Capitalism is for old folks these two write, “according to a Harvard University study, ‘only the age group above 50 years old contains a majority that supports capitalism.’”
In 2015, Netflix’s negative cash flow was $750 million. Last year, negative cash flow was $1.47 billion and through 9 months this year, $1.3 billion. Be that as it may, the company just sold $1.6 billion of bonds with a yield of 4.875%.
Nevada PERs is thinking about making a change, from assuming 8% investment returns to 7.5%. The higher the assumed rate, the less future beneficiaries have to contribute.
Here in the west, sentiment is a smoking 77. In the South, 68, and in the Northeast sentiment rose one point to 50. In the midwest, 63 is the number.
And while CNN portrayed the proposed Pebble mine trashing miles of pristine salmon breeding grounds, the mine is to be located 100 miles away.
Nothing like a billion plus tax dollars to turbo-charge a neighborhood. Eli Segall reports for the Las Vegas Review Journal, “The Las Vegas Convention and Visitors Authority aims to finish the convention center’s 1.4 million-square-foot expansion in 2021. It then plans to renovate the existing 3.2 million-square-foot facility.”
While Scott’s thoughtful free-market answers play well to the internet crowd, most locals want government to rule real estate with an iron fist, with their input, of course
The Dutch (irony noted) family of five is getting rid of their 2,500-square-foot house, all their creature comforts, even their shoes and loading up on cryptocurrency’s #1 brand.
That’s 10,000 people a year. Significant, but small potatoes, compared to alcohol. According to the Center for Disease Control, from 2006 to 2010, an average of 88,121 people died each year from alcohol consumption.
Meanwhile we have a modern socialist experiment imploding before our eyes. These policies have led to shortages of everything, from food to toilet paper, while the government’s printing presses have created hyperinflation.
In Mises's view, economics doesn't deal with homo economicus at all, but with homo agens: man "as he really is, often weak, stupid, inconsiderate, and badly instructed."
