Archive for April, 2010

Why I’m Cautious About Economics in 2010

Thursday, April 8th, 2010

It’s very simple:

  1. An economy can’t overcome hundreds of billions of dollars of debt in one year.
  2. An economy can’t recover in one year when “real” unemployment is over %10.

By “real” unemployment, I mean people who are capable of working and want to work for compensation or who are on any significant form of tax-backed support;  but excluding people who have sufficient non-tax-backed income-generation by other means to support their household (such as “trust fund babies”. I also put “homemaker” as “real” employment. It’s a job like any other, and strongly affects income (negatively or positively). If it weren’t, housekeepers, baby-sitters, pre-school, and day-care would all be non-profitable.

(That’s a complicated way of saying: Real unemployment takes into account only people willing and able to work. It excludes people who have their own means of self-support – like being independently wealthy, or owning your own gold mine.)

So far, our elected officials have done what I’ve expected:

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First Number In Action: Vet Bills II

Monday, April 5th, 2010

When Pookah first searched for “Pudgins”, Old Lady Cat was very ill.

The situation has not improved in that regard. Quite the opposite.

Old Lady Cat went through the more expensive procedure. The results were inconclusive, but did provide more information. OLC’s kidneys have shrunk. And she is a good candidate for an iodine isotope injection that, if it works, would cure her thyroid problems. But she is in bad shape with her kidneys. Not surprising, considering her 15 years of age.

So here we are. Another decision time.

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