Marble Falls I’ve been to China. Admittedly, my last visit was 20 years ago in Beijing and Shanghai, when we were looking at how the country handled flooding. Earlier I had been in Hong Kong and Macau, largely on plane layovers. I’ve never been to the megacities that have sprung up in recent …
Category: Economy
Valuing the Present and Ignoring the Future
New Orleans It never ceases to amaze me, both as a delight and a caution, how many really fundamental things that are critical to our understanding of politics and the economy, but that, for one reason or another, are so far off our normal radar that we are left clueless. Add “discounting” to …
Trump Slump
Calgary Trump’s first one-hundred days are almost off the calendar, and, there’s no question, he’s breaking records and making history. Most of it are not the things that would normally be what would make a president proud. His popularity has fallen faster than ever than his predecessors in this normally honeymoon period. The stock …


