The Error of "Group Think"

What is “group think”? It’s the opposite of individuality. Individuality resides in the independent use of your mind. “Independent” means objective, which means you independently use a rational method of thinking about people, situations...

For Whom the Wall Street Bell Tolls

There is an old adage on Wall Street: no one rings a bell to signal a market top or bottom. Yet, I have found that bells do ring; it’s just that few people know exactly what sound to listen for.  Perhaps the biggest and most liquid of all markets...

?The Dollar Threads a Needle

Pre-holiday cheer is certainly evident in the financial markets. The overwhelming consensus is that the Congressional agreement to not raise taxes while extending hundreds of billions in new stimulus will finally allow the recovery to take hold. The good feelings are...

ObamaCare Hits an Iceberg

Federal Judge Henry E. Hudson ruled Monday in favor of Virginia’s claim that the requirement for people to purchase health care exceeds the power of Congress under the Constitution’s Commerce Clause or under the General Welfare Clause. “It is not the...

Wall Street Gives Uncle Sam Too Much Credit

?Despite the fact that the S&P is up over 80% in the last 21 months, US financial firms are currently tripping over each other in their zeal to raise their S&P 500 and GDP targets for 2011. JPMorgan’s chief US equities strategist, Thomas Lee, came out on...

Constitutional Health Care

The writers of the U.S. Constitution were very much aware of the need to set firm and specific limits on the powers of government. Hundreds of years of the British Monarchy, and study of the failures of republican forms of government as far back as ancient Greece and...

The Tea Party vs. The Conservatives

Many people argue that the Troubled Asset Relief Program (known as TARP) is an example of government intervention in the economy being necessary. If government hadn’t intervened, the argument goes, the economy wouldn’t have stabilized and our severe...

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