Bubble Economics – Don’t Panic
I am shocked at what is happening to our country right now. It is like an incredibly bad dream. I put together the following two charts (see below). The first chart is the history of the Dow Jones Industrial Average for the last 18 years. I drew a line (just a guess) of the normal sustainable rate of growth of the American economy. Independent on where you draw the line, it is easy to see 2 bubbles in the last 18 years. The first one is commonly referred to as the internet bubble or the dot com bust. And the second is the mess that we are experiencing. When looking at the magnitudes of the bubbles, they are similar in size. It is true that the DJ is not a surrogate for the market as a whole, but certainly if there is excess liquidity driving the mortgage market, then the DJ would at least have a residual bubble from the liquidity. More »
I just finished watching the first presidential debate, and one of the first questions was what are some of the lessons that can be learned from the war in Iraq. This should have been a softball question for Obama because in order to learn we have to admit our mistakes. McCain response was clear that he was not going to admit any mistakes. In fact, he just reveled in the wisdom of the surge. Worse yet, Obama did not seize the opportunity, basically said we should leave Iraq and shift to Afghanistan.
Please find my campaign donation for $2300. I wish there was a way that I could legally donate more money, because I would do it in a heart beat.
Only recently have I come to the conclusion that I was an alcoholic. When I worked at Gateway, I drank a minimum of 5 beers every night. Then on the weekend, I would let loose, and get really pounded. I estimate that I was drinking about 50 beers a week. I was a totally functional alcoholic. I was at work every day at 8 o’clock sharp, and I worked late most nights, plus weekends. The alcoholism had little to no effect on my job at all. The only exception was that I would talk too much when I was drunk, and to this day, I still regret some of the stupid things I said while I was drunk. But that is minor. I think we all regret stupid things we say.
I guess I am the last to know that my good friend, Earle Grueskin, is running for President of the United States in a grass roots campaign. After the grueling, Democratic primary, I am actually thinking of voting for Earle for President.
I really love ToonDoo. It seems to be a great outlet for my creative energy. I decided to make a political cartoon and go on record that I am an Obama supporter. To be honest, he is the only one of the candidates that does not insult my intelligence. So I decided to make fun of all the politicians, and then I threw a dark horse into the race for presidency. LOL. 













Welcome! I've been building this web site since 1997 and it's a work in progress, and so is my life.
All my photos have been categorized and indexed into a MySQL database.