One Small Step From Game Trading on Steam

Trade gift games for items on steam (beta)!  I know, you can’t trade used games.  Interestingly, this will create additional mild demand for games, adding value as a currency (and increased liquidity). I wonder if that means some indie games will become common currencies.  Also, if I were feeling speculative, I’d open a fresh steam [...]

Read Full Post »

This is Worrisome

You can’t sit on millions and millions of additional unemployed people and not look like you’re helping them.  Eventually, they’ll decide they have nothing left to lose.

Read Full Post »

Missing the Point: the US doesn’t ‘fund’ itself via taxes

Two articles off the Big Picture, both discussing the S&Ps downgrade (which, by the way, seriously?  You guys rated toxic waste CDS compiled from fraudulent RMBS AAA, which then proceeded to blow up the economy, and have the gall to rate the United States of America lower?).  This one and this one.  Both assert the [...]

Read Full Post »

Right When the Market is Looking for Safe Investments

When markets tank, investors start looking to re-distribute their capital allocations…unloading high-risk and medium-risk  assets in favor of low-risk investments…because the risk premium just collapsed. And just when that’s happening, the government is looking at reducing spending and therefore cutting into bond sales, reducing supply for one of the best risk-free options on the table.  [...]

Read Full Post »

Precisely

My thoughts exactly.

Read Full Post »

Markets Are Sharks, and They Smell Blood in the Water

I was skimming through this article on Naked Capitalism (yeah, yeah, lots of links from there), and I realized that the article refers to markets as…predators.  Then I noticed this is a common reference, that markets are thought of as a sort of parasite, sucking the capital from an area until it dies, and scurrying [...]

Read Full Post »