Well, I’ve finally done it for this year. I’ve made the pumpkin soup. It’s amazing how much work it is to make the soup when you are cutting up your own pumpkins. The soup itself is actually quite easy. I’ll get right to it. Here’s what I did: 7 lbs
Lisa
I'm a blogger.
A few weeks ago I was worrying over commodities. They had totally crashed (and are still crashing). Friends of mine in the market weren’t worried. All I could think was with gold falling like a rock, the stock market wasn’t going to be long behind. (Dow/Gold Zoom remember?) When the
This is just priceless: From Reuters: BRUSSELS (Reuters) – Former President Jimmy Carter said on Friday the “atrocious economic policies” of the Bush administration had caused the worst global financial crisis since the Great Depression of the 1930s. Carter told reporters on a stopover in Brussels that “profligate spending,” massive
The idea that the government can bail out everybody seems to have given the market a kick. Personally, I think this is a whole lot of frantic short covering related to the attempt by the government to fix the prices of certain securities. In my humble opinion this can only
I’ve just launched a new website called Learning Languages where you can use a nifty Site Pal audio pronunciation guide if you are ever wondering how to pronounce a word in English, Italian, Spanish, French or German. I’m having some problems with Firefox at the moment, but if you are
If you are worried about what’s going on with gold and silver prices, don’t be. The price decline is the result of leverage and will eventually right itself. The Dow/Gold Zoom is still on track (and today’s bloodbath in the market will right it somewhat). Remember, you haven’t lost a
Recently my website was “lost” by my hosting company. It took them a week to locate and restore it. Needless to say I’ve moved to a new host now. Hopefully there will be no more downtime. This site will remain as is for the time being, but I am in
I found it instructive to look at the stock market (Dow) and gold separately during the previous boom/bust cycles. In the 20’s and 30’s the United States was on a gold standard, meaning the value of a dollar was “tied” to gold. This tie to gold stopped the Federal Reserve
Note: if you are searching for the Austrian Business Cycle and landing here, you might be interested in The Dow/Gold Zoom, which is a chart that shows the Dow Jones Industrial Average priced in gold. This might help you to get an idea where we are in the “cycle”. The
There is often talk in the financial papers about the “savings rate.” You’ll often see pundits making moral judgments about how Americans spend too much and save too little implying that the average American is a spendthrift, wasting resources, and living on borrowed time. On the flip side, there are
Here I’ve adjusted the prices of gold and silver to the M2 money supply figure. Note the spike in the price of silver relative to gold in 1979. This chart is in pdf format. Silver and Gold M2 Adjusted
In any study of economics, it’s important to remember — all prices are ratios. That means that they are always in flux as the values of one or the other or both commodities change, whether one of those commodities is used as money or not. This is, of course, a
Recently ABC performed a version of Stanley Milgram’s famous experiment on obedience to authority. Of course the psychology of the participants in the study is certainly interesting. But the psychology of the experimenters is, too. For example, the questions they ask reveal something about them. How can “ordinary” people perform
Just how high is the price of oil? The CPI is a rather suspect inflation indicator, so here are oil prices adjusted for the M3 money supply. As M3 has been discontinued, this chart will no longer be updated. I may consider publishing a version of it using M2 or
It is often pointed out that the Federal Reserve is a “private” corporation. In fact, it is very much a government entity. For that reason, it is worth getting a look at the the money supply in relation to the Federal Reserve chairmen and the presidents. As M3 has been
