Entries by Neland Nobel

War and Bad Energy Policy Makes a Difficult Situation Even Worse

Estimated Reading Time: 6 minutes

We don’t write that often about markets because The Prickly Pear is not a financial publication.  However, we appreciate that our readers, like the public generally, are being squeezed by the worst inflation in a generation and are being buffeted by very uncertain financial markets. Our main concern remains the country and the future of […]

California Senate Bill 906: Making Schools a Logic Free Zone

Estimated Reading Time: 4 minutes

Liberals and Progressives continue in their belief that the presence of guns causes crime rather than the presence of criminals causes crime. It appears no amount of evidence or logic can dissuade them. It is a purely emotional position devoid of logic and experience. This is the assumption behind almost all “gun control” legislation. Guns cause […]

Has The Federal Reserve Broken The Economy?

Estimated Reading Time: 5 minutes

Book Review: The Lords of Easy Money: How the Federal Reserve Broke The American Economy Christopher Leonard. Published by Simon and Schuster Upon receiving the book, at first, a bit of eye-rolling occurred as the dust jacket touts “The New York Times Bestselling author of Kochland.” He also authored Meat Racket, which takes a critical look at […]

The Interest Rate Puzzle

Estimated Reading Time: 5 minutes

The financial markets swooned in January in response to the statements and growing perceptions that central banks must soon begin the painful task of slowing inflation. The old saw on Wall Street is, “as goes January, so goes the year.”  If so, we are in for a very volatile year. The irony is, of course, […]

Needles and Bubbles

Estimated Reading Time: 5 minutes

Last August we presented a two-part series about the investor’s dilemma (The Investor’s Dilemma: Part 1, The Investor’s Dilemma: Part 2). That series was intended to warn our readers that the level of speculation in various investment sectors had reached what appeared to us to be a fever pitch and that it was unnaturally supported […]

The Governor of New York Descends Into Nonsense

Estimated Reading Time: 3 minutes

Over the weekend, Kathy Hochul, the lieutenant governor who replaced Mario Cuomo after his resignation, responded to the ambush murder of two New York City policemen. The attack, which occurred in Harlem, left one officer dead and another who died several days later. Although details are not yet complete, they appear to have been ambushed […]

Cryptocurrency and Financial Mania

Estimated Reading Time: 5 minutes

In 1952 Professor Harry Markowitz developed the seminal ideas of what is called Modern Portfolio Theory.  He later won a Nobel Prize for his work. While his insights have been expanded by others, his original ideas still echo today when investment people talk about diversification, asset allocation, and portfolio efficiency.  It is so common today […]

In Praise of Kyrsten Sinema

Estimated Reading Time: 5 minutes

It is likely that Senator Sinema and yours truly would have significant policy differences. She remains in a political party that has drifted so far leftward that sensible people like Sam Nunn and Joseph Lieberman would not be welcome. That she remains with such a party would indicate that she still generally agrees with its […]

Biden’s Mandate Goes to The Supreme Court

Estimated Reading Time: 5 minutes

President Joe Biden, or more likely his handlers that pull the strings, imposed a controversial mandate on large and small employers to force vaccination for the Wuhan virus. Having been unable to get legislation through Congress, he decided to use Executive edict, thereby essentially writing legislation, which is the job of Congress. This Presidential overreach […]