Summer is finally getting to be some fun, and writing these
screeds is a major element of said fun.
This week, I feature posts on basic trading and economics, Iraq
and Syria (of
course)…and a masterpiece, if I can say so myself, on the phone tax increase
that illuminates much of Rahm Emanuel’s thinking.
You think the property tax can be regressive? Try this phone tax. Do you think Rahm Emanuel gives a rat’s
hindquarters? He’s just serving his
natural constituency.
MORE ENLIGHTENED THINKING FROM WASHINGTON : LET’S FIGHT IN BOTH IRAQ
AND SYRIA !
There is no limit to the world’s battlefields and potential
battlefields, which Washington
sees as more opportunities to keep the “defense” contractors happy…and writing
checks.
KEEP ALL CRUDE OIL
AT HOME? “LAST NIGHT I HAD A WONDERFUL
DREAM…”
I suppose we’d all like to be swimming in cheap domestic crude,
but the world doesn’t work that way. It
looks like somebody in Washington
understand this, but it’s not who you’d think.
BAD ECONOMIC NEWS = A HEALTHY STOCK MARKET? BUT OF COURSE!
Pretty basic stuff for many of my readers, not so basic for
others. However, in trading and
investing, as in so many other fields of human endeavor, ignoring the basics is
the source of much misery. One of those
basic points is that you don’t have to like a particular policy or approach to
act on, and profit from, that policy or approach. Ideology and investing, and certainly
trading, don’t mix.
Have a great weekend, everybody. While I don’t pretend to understand this
World Cup stuff (For example, why is losing such a good thing?), it’s sort of
fun.
For more on Chicago ’s
politics, see my books:
The Chairman:
The Chairman’s Challenge:
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