Relevant and even prescient commentary on news, politics and the economy.

St. Louis Fed poses a key concern on the monetary base

rdan The St. Louis Fed includes the review on monetary policy. Figure 1 shows ‘currency in circulation’ to be basically flat at this time, which indicates much of the new money is in excess reserves and has not entered the broader money supply. This also begins to address in a clear way the concerns and […]

What’s in your wallet? Pensions and you.

rdan Movie Guy, in comments, provides a beginning glimpse at trends in the realms of retirement funding: Retirement funds in danger for millions of Americans By Mike Bryan 6 March 2009 WSWS EXCERPT: Between October 9, 2007, and October 9, 2008, equity assets in retirement plans dropped by about $4 trillion in value, according to […]

Federal Family Education Loan (FFEL) program

President Obama offered a proposal to restructure the student loan industry. Higher Ed. Watch reports: President Obama sent shockwaves through the student loan industry last week when he called on Congress to dismantle the Federal Family Education Loan (FFEL) program next year and use the savings to turn the Pell Grant program into a true […]

Brain Injury Awareness

rdan After writing a series on Traumatic Brain Injury and Post Trauma Syndrome Disorder for active duty troops and National Guard, I am sad to post this item, in that it appears that the popular perception of the most common injuries among troops is still misunderstood. I also find that if I say TBI as […]

Going Galt – Present and Past

by cactus Going Galt – Present and Past There seems to be some chatter among right wing blogs about “going Galt” – i.e., ceasing to do paying work, shuttering one’s business, etc. – given Obama’s plan to let Bush tax cuts on those with the highest levels of income expire. (This new movement is covered […]

Cactus and gold

by cactus Tax cuts aren’t the only thing that work great in every situation. Hoarding gold works too: Gold is now regarded as a hedge against both inflation and deflation, says Alan Ruskin, the chief international strategist at Greenwich, Connecticut-based RBS Greenwich Capital Markets Inc. The first is reflected in the high dollar price of […]