Bye Bye American Pie

The end of suburbia is near and almost no one gets it yet. The whole gigantic misallocation of national wealth has probably ended soon to be followed by the great national garage sale. My borther who lives in California’s central valley told me that unemployment has jumped to 11 %In Merced a town just northContinue reading “Bye Bye American Pie”

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Swiss and Icelandic solutions

This is the quiet time in Jackson Hole. The motor homes have long since departed down the winding road in Hoback Canyon, the hotels are empty, the restaurants slow. The recession is starting to show. The local paper historically had pages of want ads to a few columns of rentals and that ratio has reversedContinue reading “Swiss and Icelandic solutions”

Weekend Update

The first winter snows have already arrived and we will see more fresh snow this weekend. The pond is beginning to freeze, a metaphor for the world economy.Icelandreview.com carried a recent survey that said 50% of Icelanders age 18-24 would consider emigrating compared to 33% aged 18-75 . These are stunning numbers especially when youContinue reading “Weekend Update”