I suspect we’re all guilty of it. It being the practice of seeing things ONLY from where we sit. Of seeing things in ways that are colored by the ways we have always seen things.
I’m guilty of it all the time.
I look at people, react to people and come to conclusions based on my past experiences. This is my perspective.
Lot’s of times it works like it should; dark alleys get avoided.
Some times it doesn’t work like it should.
Posted in Economics, Economy, Liberty, Politics: International
Tagged China, Employment, Leftist, Liberal
If anything has changed in the last month it’s the fact that the chance of recession reduced by 20%. We went from the ridiculously low chance of .055% all the way down to .041%. The only times in the last 50 years it has been this low was in 1983 for 2 consecutive months; August and September.
As for the “current” recession, NBER takes an exceptionally long time to officially declare the end, up to 24 months. As I have been on the record as saying, I think the recession ended late May 2009; NBER won’t score it until January 2011, longer if I am wrong.
And the hits just keep on coming.
It turns out that as companies fear the market responding to stories of sweatshop labor and inhumane factories, they are now preemptively taking steps to improve the lot of overseas workers.
In an effort to drive sales and increase profit, Wal-Mart is doing the unconscionable. 
Well known for being the outlet of poorer American’s, Wal-Mart is raising prices on all basic needs products. This, in the middle of the current economic struggle we’re going through is proof enough that Wal-Mart is evil.
Huh? Wait? That’s not accurate?
At some point, the results have to implicate the system. At some point, we have to push back from the table and see what it is that we have caused to occur.
Has the rhetoric of our elections brought about that things that we have promised? 
Or have we caused the exact opposite to occur? In our quest to provide food for the masses, have we, in fact, brought about the opposite? In an effort to set to work the poor, have we taken from them the opportunities that bring about job creation? In short, is what we are doing working?
Or, perhaps, as citizens, we have to step back and begin to wonder if it’s really the aim of the government to provide in the first place?
Posted in Economics, Economy, Liberty, Politics: International
Tagged Abuse of Power, Capitalism, Hugo Chavez, Leftist, Oil, Socialism, Venezuela
Look. It’s hard out there right now. Lot’s of people are struggling, concerned and sacrificing. Many people are losing or have lost their job. And I feel for all of ’em.
Posted in Economy, Education, Politics: North Carolina, Raising Men
Tagged Leftist, North Carolina Politics, Politics, Recession, Unions, Wake County, WCPSS
I see it all the time.
North Carolina has massive budget shortfall. Highways to major area hospitals to close!
Posted in Economy, Liberty, Politics: North Carolina
Tagged Abuse of Power, Budget, Government Inefficiency
You know the old saw…A patient goes to see a doctor and complains that “it hurts when I do this”. To which the doctor replies somewhat simply, “Then stop doing that”!
Posted in Economy, Politics: National, States Behaving Badly
Tagged California, Leftist, Politics, Socialism, Taxes
Wanna know why California is going down the toilet? And perhaps, why the rest of us are soon to follow? Because unlike the real world, California rewards organizations that fail.
Posted in Economy, Politics: National, States Behaving Badly, Transportation
Tagged Abuse of Power, Bailout, California, Leftist, Taxes
Nothing has changed in one month. The New York Fed continues to report the chance of Recession at 0.055%. Looking good heading into summer.
As a note, the NBER usually reports that a recession has ended about 20 months after that recession ended. I have been saying the “current” recession ended in the end of May, 2009. 20 months after May 2009 is January 2011. Some folks think I’m early, which means NBER won’t report until AFTER February 2011. We have a bit of a wait.
Chance of Recession May, 2011
