Posts filed under “Really, really bad calls”

A 14 Percent Infrastructure Fix?

My wife leaves for work earlier than I do, giving her first choice of which car to drive. She has a longer drive than my three-minute jaunt to the train station, so I don’t mind. That often means I get the rear-wheel drive convertible in the snowy winter months, and the all-wheel drive Jeep in the summer.

But recently she keeps taking the bouncy Orange Crush Rubicon. The reason? The broken roads and potholes make the tight suspension of the BMW a horror to drive, despite the fair-weather retractable hardtop.

I was thinking about this as we kick off a new federal budget season. About this time, I usually lament the state of U.S. infrastructure, the highway-fund gas tax stuck in the early 1990s and other assorted indignities (see thisthisthis and this). The people who live in civilized nations shouldn’t have to face this sort of failure of basic government.

And yet this year a few things are giving me a small measure of hope that we could see an uptick in infrastructure funding:

• States such as Utah have been raising local gas taxes to pay for infrastructure needs;

• Various disasters (Amtrak derailment) and media coverage (“60 Minutes” on bridge collapses) are raising the public’s awareness and increasing pressure on a do-nothing Congress;

• A major White House push to make infrastructure a priority.

There is something unusual in that last bullet point, one that might make it possible to make headway. The clever twist is that President Barack Obama has taken boosting infrastructure spending — a favorite policy of Democrats — and tied it to a favorite policy of Republicans — reforming corporate taxes. Thus, this opening bid has generated some interest from both sides of the aisle.

Continues here: A Tax Deal That Fixes U.S. Roads?

 

 

 

Category: Politics, Really, really bad calls, Taxes and Policy

Top 10: Wall Street Sayings That Should Be Questioned

In honor and reverence to one of my favorite comedic personalities, David Letterman, and the end of his talk show career here is my own market Top 10 List.   Top 10 list of Wall Street sayings that should be questioned 10) There is a lot of cash on the sidelines. There is always a…Read More

Category: Humor, Markets, Really, really bad calls

The Think Tanks

Source: No Exit

Category: Humor, Politics, Really, really bad calls, Taxes and Policy

More Proof Of America’s Inadequate Infrastructure

The details are still being sorted out on the deadly Amtrak crash that killed at least six people earlier this week and injured 100s more. But what we do know is that the stretch of track where the train derailed did not have the latest automated speed control system. National Transportation Safety Board (NTSB) board…Read More

Category: Current Affairs, Politics, Really, really bad calls, Taxes and Policy

Is The Only Purpose of a Corporation to Maximize Profit?

I am pleased to introduce to Big Picture readers someone I have known and admired for many years: Bruce Bartlett worked for Congressmen Ron Paul and Jack Kemp, and in the Office of Policy Development in the Reagan White House, and at the Treasury Department for George H.W. Bush. He is now a political independent….Read More

Category: Earnings, Really, really bad calls

Fool-proof Logic

Source: Washington Post

Category: Hedge Funds, Mutual Funds, Really, really bad calls

2010 Felix Salmon: Get Out Of The Stock Market Right Now

This video, based on this May 10, 2010 column, Why volatility means you should sell stocks, is now 5 years old. Rather than me comment on it, you should watch and evaluate the quality of the investment advice yourself.

 

Category: Really, really bad calls, Video

Flash Crash a Perfect Storm for Markets

Great couple of graphics from the WSJ this AM. This is the simple version, a short explanatory overlaid on a graph:   Perfect Storm click for ginormous graphic Source: WSJ   The interactive version is far richer and more details as tot he minute by minute set up: Flash Crash’ a Perfect Storm for Markets click…Read More

Category: Markets, Really, really bad calls, Trading

Create Your Own Stock Market Narrative!

What makes this so good is how dead on accurate this collection of cliches have become:     Click to create your own personal narrative. You may even get your own punditry spot. Source: Stockcats     How awesome is this?!

Category: Cognitive Foibles, Financial Press, Markets, Psychology, Really, really bad calls

The Great Unbundling

Nobody wants to watch the Discovery Channel. 2.9 million people viewed “Naked and Afraid.” But a hundred million paid for it. More than a buck a month. The CEO made $156 million. Now what? Lawsuits. Verizon is following the customer, allowing its FiOS TV subscribers to pick and choose channels. And the content providers are…Read More

Category: Really, really bad calls, Television, Think Tank, Web/Tech