The Dutch have a lot of experience dealing with oil spills and they offered their help after the BP spill. The administration turned it down and one explanation is that they were kowtowing to their union buddies:
The Americans, overwhelmed by the catastrophic consequences of the BP spill, finally relented and took the Dutch up on [...]
One of the best lines I’ve read in a very long time:
Despite the caricatures of his critics, Hayek never said that totalitarianism was the inevitable result of expanding government’s role in the economy. He simply warned us of the possibility and the costs of heading in that direction. We should heed his warning. I don’t [...]
The economic data last week was mixed and the market managed to give back all the gains of the week before and yet for some reason it feels like last week was a pretty good week. Why in the world would I say such a thing? Well, because the markets that aren’t stocks had some [...]
The weekly chart review is posted on the main site:
Weekly Chart Review
