Just to pile on to my last post - someone made the argument for me in this excellent chart. Here's your demand destruction.
I have seen a lot of people online puzzling about retail sales. Despite inflation being at a 40-year high, consumer spending does seem to be holding up. How can that be? Also, with so many economists and business leaders suggesting that we are headed into a recession, why aren't people cutting back on spending? One … Continue reading It’s all going on credit cards
You know, there are not many things about politics that really chap me anymore. I feel like we have been living in an artificial boom-bust-boom-bust cycle more or less since the 1990s, both economically and intellectually. We have an election industry now, bent on convincing folks that each upcoming election is "the most important election … Continue reading Some thoughts on the baby formula shortage
Well, we seem to have lost our bearded dragon, named Henry Flagler after the brilliant industrialist who developed most of Florida. It may seem crazy to some folks to get worked up about a reptile, but Henry is an extraordinary creature. We allowed him to have free range of our house for years, as the … Continue reading Farewell, Henry Flagler (maybe?)
For all practical purposes, I have become something of a banana/pineapple/papaya farmer. I have planted so many of these around our property - I am not sure what I am going to do with their crops. With respect to pineapples, I have planted two varieties - a sweet golden variety and a red variety. There … Continue reading I have baby red pineapples!
Be greedy when others are fearful and fearful when others are greedy.Warren Buffett Only when the tide goes out do you discover who's been swimming naked.also Warren Buffett If you listen to Biden, his Treasury Secretary, the Labor Secretary, and the chairman of the Federal Reserve, the economy is strong and there's nothing to worry … Continue reading How long will chaos in the financial markets last?
After our camping trip was cut short by a freak winter storm, we decided to go check out Chapel Hill and Durham, North Carolina, where the University of North Carolina Chapel Hill and Duke University are located, respectively. UNC was chartered in 1789 and began accepting students in 1795, making it the oldest public university … Continue reading Woke campus culture is even weirder than you think
During our time in Nantahala National Forest in North Carolina, we went on the most glorious hike. I feel the need both to share this information and memorialize the path for myself so we can do it again at a later date. Hiking distances are longer than they appear on this map. A lot of … Continue reading Our adventures in Nantahala National Forest, part two: hiking Kinsey Creek Trail to the Appalachian Trail
Exploring the AT at Rock Gap. We have had an extraordinary past two weeks playing around Georgia and the Carolinas. The first part of our trip was spent at Standing Indian Campground in Nantahala National Forest, at the headwaters of the Nantahala River, a river that is very popular for whitewater rafting. (Something to do … Continue reading Our adventures in Nantahala National Forest, part one: Standing Indian Campground
Elise out fishing with her grandfather on Lake Hartwell. Greetings from our family's cabin on Lake Hartwell, Georgia! Our latest road trip is underway. Despite an unusually heroic (by our standards) effort at planning, we were not able to leave South Florida until late in the afternoon last Saturday. We made the mistake of going … Continue reading Returning to Lake Hartwell