Daily Archives: January 8, 2017

Utiopia, Limited

By -

Greetings from my dive bar on the Google campus, where dozens of people are loudly watching a football game while I sit here – – the only one with a laptop – – nerding away. Yes, I like being different.

This is as much a comment cleaner as anything else, but I wanted to share a few words about something that’s been popping up in my social media feeds a lot lately – – The Venus Project, which is promoting what it calls “The Resource Economy”, as follows:

In a Resource Based Economy all goods and services are available to all people without the need for means of exchange such as money, credits, barter or any other means. For this to be achieved all resources must be declared as the common heritage of all Earth’s inhabitants. Equipped with the latest scientific and technological marvels mankind could reach extremely high productivity levels and create abundance of resources.

(more…)

Inaugural Thoughts

By -

It may seem hard to believe, but this is going to be the last full week of Obama’s presidency. After eight years (long, horrible years for the bearish set), Obama’s tenure in the White House is nearing an end. His excellency President Twitter will be sworn in (placing his hand, I suppose, on The Art of the Deal) in just a couple of Fridays. There are very few guarantees in life, but I’m pretty sure of this: this is going to be a verrrrrrrry interesting administration.

Anyway, since Trump’s inauguration is coming up, I thought I’d reflect a bit on what happened in the equity markets when Obama came into office. It’s kind of interesting (I’ve also featured two images of Obama, showing how much these two terms have aged the man).

0108-obama

(more…)