Is it too late to buy Apple stock (symbol AAPL)? I don’t know. I do know that an Apple store I visited recently was swamped. People weren’t quite lined up on the sidewalk, but it was a close call. The store was crawling with potential customers. Every age group from [continue reading . . . ]
On KUOW’s Weekday program July 6, I suggested Washington’s tourist industry tax itself to fund tourism promotion now that the state’s puny effort (that spawned such forgettable campaigns as “Say WA”) have dried up (here’s a link to a New York Times piece that appeared in the Seattle Times). I [continue reading . . . ]
In my July 3, 2011, post, I referenced my favorite economics columnist, Martin Wolf of the Financial Times. I mentioned he has argued consistently since the financial panic in the fall of 2008 that governments of rich countries should risk doing too much rather than too little to combat falling [continue reading . . . ]
The bad news is that the United States – indeed, much of the developed world – is in the midst of a “contained depression.” The private sector continues to de-leverage. Unemployment remains high. Pay for most is static or declining. Deflation remains a bigger threat than inflation. Depressions eventually end, [continue reading . . . ]