Monthly Archives: August 2010

Both Democrats and Republicans Are Bad For America’s Finances

To me it’s a truism, but one that few people grasp: Both major US political parties are the same. To watch excitement over the midterm elections as a chance to “throw the bums out” in favor of the other party, when the bums are Democrats and the saviors are Republicans, is to watch irrationality in […]

Posted in US politics | Tagged , | 47 Responses

More Evidence That Tax Cuts Are Needed to Stimulate Hiring

I shared a month ago Arthur Laffer’s idea that a tax holiday would have cost less than the government’s budget-busting stimulus programs and would have already achieved an unemployment rate of 2.5%. Instead, the US faces bankruptcy thanks to a crescendo of mindless spending following decades of fiscal mismanagement in Washington, and still suffers an […]

Posted in Small Business, Taxes, US politics | Tagged | 7 Responses

Google Is Not Over

The Kelly Letter bought shares of Google (GOOG) in the midst of the subprime financial crisis at an average cost basis of $407. They rose to a high this year of $630 on January 4, fell to a low of $434 on July 6, and closed Friday at $500. I listed GOOG as one of […]

Posted in Individual Stocks | Tagged | 6 Responses

FSP at TheStreet.com

Many thanks to the fine folks at TheStreet.com for running an excerpt from Financially Stupid People Are Everywhere: Don’t Be One of Them as a summer reading recommendation this weekend. They even linked to the feature from their top page, one of the investing world’s most trafficked properties. See the excerpt at their site here.

Posted in Books | Tagged | 2 Responses
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