This portion goes from November 2009 to January 2010.
Yes, I was one of the eight bloggers that made it to the first meeting with the US Treasury:
My Visit to the US Treasury, Part 7 (Final) (if you have to read only one of these, read this one)
It comes down to diversification, leverage, and liquidity.
Commentary on the health care bill, and also the AIG Bailout, and the Fed’s reprehensible actions.
Retells my story interacting with the Federal Reserve bank of Richmond, and makes the application to commodity investing.
Points out where we need to be thankful. Even amid crisis, we have many things going well.
Criticizes a lame editorial that Ben Bernanke wrote in the Wall Street Journal.
Talks about the relative riskiness of foreign debts, and the value of being able to tax.
Explains how I teach my children about economics and other matters.
Laments the low return on equity culture the US Government creates by trying to keep interest rates low. (Sound familiar?)
An amazing model that describes the forward inflation and real yield curves.
“With markets, it doesn’t matter what people say. What matters is what they rely upon.”
One of a number of pieces that I wrote to fight the concept of trills, a form of debt more dangerous than any other I have seen
Many clever books on economics that major on history, and minor on theory.
The perils of reaching for yield.
Large Seniorage profits for the Fed are not a positive for the economy as a whole.
A veiled attempt to raid pension assets to fund the US Government by those aligned with the Obama Administration.
To come back to the beginning of this article, the fetish of rationality exists in economics because the math doesn’t work without it. Many tests of rationality have failed, yet the profession does not give up, because their skills are useless if man is not economically rational.
There are many distortions of accounting data, and this gives you two of them.
Deals with the asset-liability mismatch in much of endowment investing.
My commentary on the Keynes vs Hayek videos up to that point.
It is very rational to invest closer to home and this article explains why.
One of my best pieces ever, where I defend Buffett’s purchase of Burlington Northern, because it is irreplaceable. This helps to explain how Buffett manages for the very long term, and does well at it.