Wednesday, January 16, 2008

Economics and Social Policy – XLII

Welcome to the January 16, 2008 edition of Economics and Social Policy.

Lucy Baldwin presents Buying Gold 101 For Beginners posted at Gold To Buy: Investing in Gold.

Well, one thing that beginners always do is buy at the peak.

Tom Blumer presents Two Years after Sago, AP Reporter Claims Non-Existent ?Lag? in Safety posted at BizzyBlog, saying, "Safety has continued to improve in the mines. AP lazily and without ANY stats, says it "lags.""

John Crenshaw presents Mindless Zombies Attack Will Smith, And I’m Not Talking About His New Movie posted at Dominate Your Life.

The Will Smith comment was pretty lame, but fairly unobjectionable until you get to the ‘Stuff like that just needs reprogramming’ bit. There’s certainly a whiff of trivialization about Hitler’s evil if he could have just been reprogrammed. (“Hey, I found an endless loop in his ‘Kill the Jews’ subroutine, tweaked the code, and he’s good to go!”)

DWSUWF presents Divided We Stand United We Fall: Republican Like Me and Announcing: Disunity08 posted at Divided We Stand United We Fall.

There’s certainly a lot to be said for DWSUWF’s approach, the clarion call to “Don’t just do something, stand there!”. And, I’ll admit, the Democratic Congress hasn’t been as bad as I feared, mostly because of their own incompetence. It must be pretty galling for Ms. Pelosi and Mr. Reid to get up every morning knowing that that idiot, BushMcChimpyHitler, is going to beat them like a drum again.

“Unity” candidate Mayor Bloomberg? Puleeezzz.

Investing Angel presents Is Trading For You? posted at Stock Tips.

Is trading right for you? Almost certainly not. Laying aside the commission issue, for most people, it’s impossible to beat the market over the long term. It is, however, ridiculously easy to lose your shirt. Most people simply don’t have the tools to manage the risk.

Gavin R. Putland presents Raising Australia's Market Share posted at

Warning – an extensive discussion of Australian taxes and related policy, with a vaguely mercantilist feel.

Sagar presents 20 Reasons Why a Falling Dollar Isn't Necessarily a Bad Thing posted at Currency

Well, with 20 great reasons like these, why don’t we just hope the thing goes to zero? Generally speaking, major trends in currency valuation are not necessarily a good thing.

Nigel Swaby presents Barack Obama Has Most Sensible Housing Plan posted at Salt Lake Real Estate Blog.

Interesting that Mr. Swaby’s list of the entities involved in a real estate transaction does not include either the buyer or seller. The biggest issues with the housing crisis (even that’s two sided – if prices are falling, that means that home ownership is more affordable, right?) seem to be a) lax lending standards, driven by the belief that if the loans were properly bundled and the risks hedged, the law of large numbers would keep the costs of foreclosures manageable; b) lax lending standards driven by political pressure to extend home ownership to poor people who really should be renting; c) buyers believing that housing prices can only move in one direction – up.

Wenchypoo presents More False Economies and Income or Outlay posted at Wisdom From Wenchypoo's Mental Wastebasket.

Nuthin’ like saving money. Two worthwhile posts.

That concludes this edition. Submit your blog article to the next edition of Economics and Social Policy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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