Category Archives: economy

The ‘Trickle Down’ or More Appropriately the ‘Piss Down’ Effect

May 5, 2015 – 8:52 pm

During the early years of his administration President Reagan was attempting to sell tax cuts for the rich. The public wasn’t buying this proposal until David Stockman, the White House budget director, suggested that if the rich get more money, the wealth will ‘trickle down’ to the masses, thereby forming a key formula for what […]

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The Revenge of LBFMs

April 19, 2015 – 12:07 pm

Men come to Pattaya for one reason. It is not golf or the beach. They come for the girls. The Thai girls offer ‘companionship’. Farang men are obliged to exchange money for this friendship, even if it’s for as little as an hour. Almost everyone understand the dynamics of the exchange, however newcomers to the […]

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Up The Rebels Down With The Dow Jones

July 3, 2014 – 8:44 pm

Today the Dow Jones broke 17,000. My friend Gayle was in a bad mood. The investment banker was playing the market short to tank. Under Obama the rich have gotten obscenely rich and this news is an appalling reflection on Wall Street’s continued exploitation of the US economy in order to diminish the circulation of […]

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Less Milk

May 26, 2014 – 12:49 pm

The Financial Times came out of the banking holiday with a putdown on Thomas Piketty’s book “Capital in the Twenty-First Century.” and its tenet that income inequality has increased to disparities unseen since before the Great Depression. According to Al-Jazeera the FT’s Chris Giles says Piketty has “got his sums wrong.” Giles writes that the […]

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Detroit Overdue

March 24, 2014 – 7:26 pm

This afternoon I passed the Roosevelt Hotel on my way to the Oyster Bar. Several protestor were gathered before the entrance and a larger contingent of police were surveilling the situation. The group were passing out leaflets against the bankruptcy of Detroit. The city’s creditors are trying to collect 100% on the $18 billion plan […]

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