Our Blog
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Time to Destroy the Medical Industry
In 1960 medical costs in the United States were five percent of our Gross DomesticProduct (GDP). It’s been an epic climb from that basement to the twenty percentexpected by 2025. Medical technology costs, pharmaceutical expenses andeverything in between takes a larger part of every budget dollar, and in spite of thisexpense trend it appears for…
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Christmas has Secret Santa, not Secret
It’s an amazing reality when a sentence has “secret prices” and “hospitals” togetherand close to one another. The medical industry isn’t a traditional business, mostlybecause saving lives is first, and making money should be second. The percentagethe medical industry grabs from the gross domestic product is nearing 20%, which istriple what it was in the…
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Corporate Executives have More Money
The Washington Post reported on a headline based upon the Gini index, whichgathers data and reports on income inequality, and the 4 1 1 is bad news for us all. Tosimplify things an index of zero would indicate that everyone for the most part has apiece of the pie, and 1 would be a world…
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Stop Fixing the Economy
In “An Inquiry into the Nature and Causes of the Wealth of Nations” Scottisheconomist Adam Smith wrote about “the invisible hand” that moved markets as theparticipants demanded. If someone made too many widgets that hand was on theclock twenty four hours a day from bell to proverbial bell. Prices dropped if you madetoo many and…
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CBD not $22 Billion by 2022
The Brightfield Group, a research firm you never heard of, was widely quoted in 2018when they predicted the market for Cannabidiol (CBD) products would be $22 billionby 2022. Credible research organizations gave ranges in 2019 for the current userbase of CBD products between 1 million and 15 million people, but the retail shelfspace doesn’t appear…
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Humpty Dumpty Sat on a Wall
So PG and E failed to maintain its power lines in California and caused the “CampFire’ which killed many, displaced more and left an entire map without a town whereonce a beautiful, thriving town stood. So many questions immediately beg to beasked, and part of an investigation needs to be conducted that would make theSpanish…
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It was Nice Knowing you Mitt Romney
Being President of the United States used to be the dream of kids when I was young.Lots of kids tossed President out there in papers, to teachers, and it was a mentioneddream job of enough boys to make the idea cool. I imagine that a boy with a dad inpolitics was more likely to pick…
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The Fiscal Cliff? Really?
It is a funny wake up call to read the pundits this morning author the phrase “TheFiscal Cliff.” I realize that Thelma and Louise chose to press the gas to the floor whenlooking at their cliff, but most of us don’t have the resilience of Wile E. Coyote. I recallvividly the overhead view that would…
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Happy Halloween
This morning I decided to begin creation of a scripted documentary on the houseedge in the capital markets. It just appears that investment banking types and thesupport persons, as well as the hedge fund managers are creating inordinateamounts of wealth for themselves at the expense of investors. I have coined terms like“croupier economics,” defined as…
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Why all Failed Banks are in Georgia
The Associated Press reported on a new failed bank last month, the Georgian Bank,which of course was in Georgia. Whelan Jennings would have sung about “just somegood ol’ boys, never meaning no harm,” and would have narrated in backwoodslingo, you can’t leave that Boss Hogg in charge of a bag of money…The AP pointed todepressed…