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Breathtaking Bolt
Allow me to pause from the political and stock market commentary and declare that Jamaica's Usain Bolt is the greatest athlete of the 2008 Olympic Games. Maybe the greatest athlete of any Olympic Games. Sure, Michael Phelps won more medals--eight...

The Olympics Help Republicans
In June, at a Forbes conference in France, I did an onstage interview with New Mexico Gov. Bill Richardson. He predicted a Barack Obama victory in November--a blowout. The outlines of Obama's big win would be evident by late summer,...

Muddle-Through, Part Two
Last week I stated my case for a year-long economic and stock market muddle-through. 1. The economy grows at 2% or so for nine to 12 months. 2. Stocks trade in a range. Such a scenario will disappoint Pollyanna and...

Real Clear View
Today's blog is a three-cheer yell for our partners at Real Clear Politics, Real Clear Markets, Real Clear Sports and Real Clear World. What's going on in the world? Nothing much, other than: (1) a presidential election; (2) a dicey...

Silly Top Signs
Oil is up a bit today on fears that the Russia-Georgia conflict will escalate. Even so, black gold is way off its peak of $147.27 of only a month ago. My guess is that oil will settle at around $80...

The Case For Muddling Through
Jim Michaels hated wishy-washy conclusions to Forbes stories. The late, great editor of Forbes magazine called it "palm journalism" … on the one hand this, on the other hand that. Such mushy stories lacked the courage of conviction. I can...

What Is Economic Truth Anymore?
One expects vigorous debate on politics. We the people have always argued about politics and always will. Politics is never about reaching truth. It is always about a power struggle of competing philosophies and people. Call me naive, but I...

'Deflator Mouse'
I have an idea for a comic opera set to a German libretto with whiffs of English rock music. This idea, as you may detect, is cheerfully ripped off from "Die Fledermaus" by Johannn Strauss II. The plot is about...

GDP Is Like Kissing Your Sister
From The Associated Press earlier today: The Commerce Department's report Thursday that gross domestic product grew at a 1.9% pace in the second quarter was below the 2.4% predicted by economists polled by Thomson Financial/IFR. Dang. My own guess was...

Too High, Too Fast For Financials?
On the morning of July 14, my wife and two other couples from our neighborhood were drinking coffee and enjoying the 6,000-foot mountain air at the University of California's Lair of the Bear Camp Gold in the Sierra Nevada Mountains....


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