“A country becomes more prosperous in proportion to the rise in the invested capital per unit of its population.” Ludwig Von Mises I was recently watching this new movie called Twister. It is a story about tornados and chasing them. It has Bill Paxton and the oh so lovely Helen Hunt. If you don’t find …
Looking Backwards … LB #1 On Saturday, Iran sent dozens upon dozens of drones and missiles toward Israel in response to the Israeli bombing of their top commander in Syria last week. The US has sent air defense forces to intercept incoming aerial projectiles and the Israeli Iron dome defense seems to be getting the …
Dunkirk was a wonderful movie that chronicled the desperate plight to get the mostly English soldiers off mainland Europe and back home to the UK. Germany had outfoxed them, and the destiny of a country truly hung in the balance. The UK owned the seas and were able to summon enough boats to get their …
Looking Backwards … LB #1 Tom Hanks’ character Jimmie Dugan once signed an autograph “Avoid the clap, Jimmie Dugan” in the movie A League of their Own. His advice is timeless because some things once caught are tough to get rid of. Inflation is the financial equivalent of a sexually transmitted disease. It is hard …
The Golden Arches are a symbol of McDonald’s, or golden arcs if you are a fan of McDowell’s, but mostly they are a symbol of Americana. They represent fast food, quick delicious, with the best breakfast value in the world, well before this last inflation hit and now a pair of breakfast burritos will set …
Backwards … LB #1 Today we start off by mourning the death of an intellectual giant. Daniel Kahneman was, is, and forever will be the godfather of behavioral economics. He and his friend Amos Tversky upended economics in proving that people don’t actually respond to complex situations rationally. They dislike losing more than they enjoy …
In the wee hours of March 26, 2024 a huge container ship called the MV Dali slammed into the Francis Scott Key bridge in the Baltimore harbor causing the bridge to fall into the bay. The bridge spanned the Patapsco River and was a vital shipping port on the east coast with easy access to …
Looking Backwards … LB #1 When the Fed left interest rates unchanged and said that their dot plots still see an average of 3 cuts in 2024, the markets rejoiced. Remember when the Fed said they would cut three times 5 months ago and the market melted higher in on of the quickest rallies in …
As we wait for the market to come down from the pharmaceutical driven high it must be on, after melting higher despite CPI higher, PPI higher, retail sales worse etc. In these bubbles, logic and reason are a casualty for awhile and it looks like forever in times like this. However, it is just camouflaged …
Looking Backwards … LB #1 College Fix writes that the mission statement has changed at the United States Military Academy at West Point. You will remember on December 10, 2022 we wrote extensively on this very site with high admiration for the academy and the ability to turn out fine human beings as leaders for …