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Pick your economic poison: Inflation vs. deflation

The House and Senate have reportedly resolved their differences over the stimulus bill, which brings us to the interesting question: Which do you prefer, deflation or hyper-inflation?

Yesterday the stock market expressed its displeasure with the whole thing, sending the averages down about 4%.

My friend Ron Overmyer, the editorial cartoonist of the long running Hollywood Dog cartoon strip, has summed up our current economic situation pretty well in his latest one-frame 'color' commentary. I characterize his cartoon as pick your poison because we got ourselves into this mess by papering over problems of the past, not solving them, and here we are doing it again.

Continue reading Pick your economic poison: Inflation vs. deflation

Serious Money: The business of politics and vice versa

This charming pic-toon of moderation comes from one of my talented long time friends, Ron Overmyer, who has allowed me to share it with our readers. He does a weekly email blast and this is one of his tamer commentaries, one that might give us pause to consider what it means to be objective.

I thought I would take a moment to shout out to any moderates in the audience and say that I too have worried that some of my colleagues may have sacrificed their reputations for objectivity by writing some posts that could be viewed as borderline paid political announcements. Some readers have quipped that this should be included in the disclosure. However, on the occasion that this is true, it is usually so blatant that I would characterize such disclosure as redundant.

Several of my posts contain political commentary but I think our posts should be about investing, not swaying voter opinion. I especially avoid one-sided rationalizations that appear to have a specific agenda -- although I readily admit that on occasion the dividing line may be very fine indeed.

I still have not made up my mind about the upcoming election because I find some merit in the positions of each candidate. But to me the real question on our site remains: where do you put your money in the case of either candidate's success?

Continue reading Serious Money: The business of politics and vice versa

Symbol Lookup
IndexesChangePrice
DJIA-137.0910,327.31
NASDAQ-30.702,145.35
S&P 500-15.831,094.80

Last updated: November 27, 2009: 10:55 AM

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