Tag: economics

Photo by Joe WilcoxMay 16, 202310:42 pm

What’s the Lesson Here?

Not for the first time, car horn-honking, chanting, cheering, and clapping beckoned me to the administrative offices for San Diego Unified School District, which is but a few blocks from our University Heights apartment.

I came upon a sizable protest of people dressed in red T-Shirts. The number could have been in the thousands—size the Featured Image and companion don’t capture in part because the crowd spread out some distance. They jam-packed when marching, too. Vitals, aperture manually set for both: f/8, ISO 100, 1/250 sec, 28mm; 4:23 p.m. PDT; Leica Q2.

Photo by Joe WilcoxApr 13, 202310:23 pm

Measuring Inflation by Cat Math

In early February 2017, the Wilcox household purchased its first set of Katris blocks for our kitties Cali and Neko. The modular cat tree can be assembled in numerous configurations. According to the company: “Each block is made from over 200 sheets of heavy-duty paperboard and can withstand more than 300 pounds of weight”. The upper layer is ready for paw scratching. For such value, we purchased three more sets.

Few days ago, I considered buying more—that is until seeing how shockingly higher is the selling price: $395.95, which is a 65 percent increase over our first Katris kit; 97 percent more than the second (July 2017); 90 percent increase over the third (October 2017); and 72 percent more than the fourth (December 2018). How’s that for an indicator of inflationary pricing?

Responsibility by Joe WilcoxFeb 2, 20154:48 pm

Perpetual Prosperity Psychology and the Housing Bubble

Something about the housing bubble narrative bugs me: Conspiracy. Evil bankers conspired to bilk Americans by financing home loans to people who could never pay, to then repackage bad mortgages as good investment products. While I lauded Matt Taibbi news analyses in 2010 and 2013 for exposing financial institution malfeasance, the blame game always seemed to ignore one other party’s culpability: Borrowers.

New research paper “Changes in Buyer Composition and the Expansion of Credit During the Boom” is a fascinating post-bubble autopsy. Its conclusions, if they survive the test, rewrite the bubble narrative, which revision makes more sense to me.

Society by Joe WilcoxSep 22, 20099:15 am

Why the Dow is So High But Consumers are So Low

Yesterday, I warned that signs of economic recovery are nothing more than a mirage. Today, I’m freaking out because Robert Reich has got an explanation so simple and so obvious. If the former US Labor Secretary’s analysis is correct, as I believe it is, the economy’s in deeper doo doo than even my worst warnings about it.

Money by Joe WilcoxMar 6, 200910:47 pm

Dow's Fall From Grace, Yesterday and Today

It has been 513 calendar days since the stock market peaked on Oct. 9, 2007. Since then, the S.&P. 500 is down 56 percent and the Dow is off 53 percent. On Jan. 29, 1931—the […]