The End of Easy Oil

Interesting feature piece from the WSJ on the end of so called easy oil – that is oil of usable quality that simply gushed out of the ground. No one suggests that the Gulf nations are running out of oil. Heavy oil, although difficult to pump, is abundant. The Middle East alone is believed to hold some…

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Why We Dont Take Care of Ourselves

Some interesting thoughts on why we don’t take care of ourselves as we get older. Abstract Many adults have an overly pessimistic view of old age because they fail to correctly predict their ability to hedonically adapt to old-age health related problems. A standard utility model where the marginal utility of health is higher at a lower…

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Did I Miss Anything?

I must have slept through armageddon either that or it didnt happen. This entire little event that gained far more oxygen than it was worthy of proved that humans are fundamental irrational and that those with imaginary friends are even more irrational. In any sane and compassionate society anyone who claims to have voices in…

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Dow

Given that markets will open tomorrow because of the somewhat obvious fact that the world did not end it is worth looking at the Dow from two different perspectives.   As you can see from the chart below the long term trend of the Dow is roughly intact. You can see that I am not…

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LinkedIn

LinkedIn the Facebook for people with a job debuted last night and has managed to do very nicely for those involved. The entire notion of social media intrigues me since it looks so much like the tech bubble circa 1998/99 with people putting extraordinary valuations on really quite nebulous businesses. The performance of LinkedIn on…

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End Of The World

Apparently according to one group of Christian nutbags the world is going to end on the weekend which is such a bugger because I was planning to go to the flicks on Sunday.  Naturally I had to have a look at all the other bonkers predictions people with imaginary friends had made. Fortunately, I didn’t…

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