Floods + Droughts = Higher Prices

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Floods With the Mississippi River floods, farmlands around those areas have taken quite the beating – some deliberately.  News and media outlets have mainly been focusing on the human element and damages to homes and infrastructure, and rightfully so. Estimates are predicting billions of dollars worth of damages once everything is said and done. There have […]

What is Greed?

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I was chatting with a friend a few days ago and we were discussing business and investment opportunities. As an off-question my friend asked what I would do if I had Warren Buffett’s money. I half-jokingly said I would build a race track and race around it all day in all sorts of exotic cars. […]

Easter Spending Habits

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Easter is tomorrow and what better way for an investor to look at it is there than by looking at consumer spending habits! Here are the juicy statistical projections for Easter 2011 by the National Retail Federation: the average consumer is expected to spend $131.04 on everything from candy to clothes – up from last year’s […]

Political Talking Point for Taxes: The Laffer Curve

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Benjamin Franklin said it best, “In this world nothing is certain but death and taxes.” Taxes and tax rates have very large actual and psychological effects on both the  economy and investments. Not a day goes by without hearing news or issues related to taxes – especially when relating to budgets and deficits. How to get […]

When culture hurts the economy

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The recent devastating earthquakes in Japan have hurt not only their own economy, but have also affect industries around the world. Car manufacturers and especially nuclear energy will be set back for years. With the rebuilding anticipation for Japan comes a quiet movement that can put Japan’s economy at stake for a significant dip. The […]

Interest rates news you shouldn’t ignore

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Interesting news came out today about the future of interest rates. Those that are planning on financing large purchases should pay attention. Charles Plosser, the president of the Philadelphia Federal Reserve Bank, revealed today that the Federal Reserve should increase interest rates from current range of near zero to 2.5% within a year. The Fed would […]

Internet Sales Tax: It’s coming and there will be casualties…

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One of Amazon’s advantages over competitors was that is was always good at riding the fine lines when it came to paying taxes. Because of that, consumers have been able to reap the benefits of slightly lowed costs for goods. The amount of potential tax revenue not being paid has not been lost on the […]

Costs affecting the fabric of our lives

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There have been a few signs that the economy has been improving. Retail sales have been increasing. In fact, they have been increasing for the past seven consecutive months. I shouldn’t have to tell you that this is a good thing. Of course, not everything is getting better. “Chris Christopher, an economist at IHS Global […]

Political unrest and the market

Supporters of Libyan leader Moamer Kadha

If you have been watching the market today you would not have missed the drop across the board. Flash Player 9 or higher is required to view the chartClick here to download Flash Player nowView the full chart at Wikinvest With the successful overthrow of the president in Egypt, citizens in other countries are becoming […]

“The Fix” for the economy?

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My friend forwarded this email to me because he knew I would enjoy the economics of it. — The Fix There recently was an article in the St. Petersburg , Fl. Times. The Business Section asked readers for ideas on: “How Would You Fix the Economy?” I think this guy nailed it! Dear Mr. President, […]