Daily Archives: January 22, 2010


America, the Unbalanced

Follow this link to the article on the Economix Blog of the NYT.  The blog claims to have the purpose of Explaining the Science of Everyday Life.

There are lots of reasons why I like this article.  It explains the dichotomy between what the American voter wants and what the voter is willing to do to get it.

In the NYT article you also get a discussion of this graph:

The picture of me on the motorcycle is only of peripheral importance.

In truth, this can’t be a picture of me. See the sparks flying? I only fall off my motorcycle when I am standing still.

By the way, thanks again to MardyS for putting the link to the article on his facebook page. That’s where I first saw it and decided to add it to my blog.


Steve Can Confabulate Just Like The Big Guys

Following along the premise of the Worcester T & G, AP, and Reuters, I have been keeping track of the losses in my investment portfolio due to Scott Brown being elected Senator from Massachusetts.

By January 21, I had lost $16,685 (on paper).

I won’t know the extent of my losses today until my mutual funds evaluate their portfolios.

See Reuters Confabulates, Too and Mass. Senate race affects market for the precedent that I am following.


By January 22, I had lost $26,380 (on paper).

The number would have been worse had I not made a trade that prevented a $700 loss.

At $8,000 to $10,000 a day, in one year I project a loss of $2,000,000 in 200 trading days. Very alarming. 🙄  I am so glad there are weekends and holidays when the market is closed.


Well, the weekend is over and so is my Scott Brown losing streak.

On January 25, 2010 I made back $7,500 (on paper) of my losses (on paper). Making a new projection using Friday’s projection method, I should make $1,500,000 by a year from now if the next 200 trading days match this one. 😉

I won’t bother to update this post any further.


Do the Right Thing With Health Care 2

Follow this link to the column by Paul Krugman.

This is worth considering while we try to figure out what the right thing is.

If we pass it, and the public gets angry over it, and they turn the Democrats out in 2010 and 2012, will it just get rolled back?  Or will it be too entrenched, although hardly begun, by then?

Seeing this posted on MardenS’s facebook page is what convinced me to post it here.  He subsequently sent me a link to the article Leading Health Care Experts Tell House To Pass Senate Health Care Bill.

Of course  there is this alternative possibility brought up by these experts

Abandoning health care reform–the signature political issue of this administration–would send a message that Democrats are incapable of governing and lead to massive losses in the 2010 election, possibly even in 2012.