Submitted by The Capital Spectator
Blood was definitely running in the streets last month.
As our table below reminds, red is now the dominant color in performance tallies. But black hasn’t been completely banished. For those who owned commodities, inflation-indexed Treasuries or cash, June wasn’t a complete loss.

Commodities, of course, were the big winner last month. The […]

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Submitted by CARPE DIEM
Gasoline Taxes By State
Gas Prices By County

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Submitted by Businomics Blog
Oops, Wall Street got another industry wrong.  After proclaiming that casinos were recession-proof, they’ve recently learned just the opposite.  Here’s what one mutual fund manager said before the downturn:
“Gaming stocks perform much more like consumer staples than consumer discretionaries. When you look at the long run, people are going to gamble no […]

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Submitted by CARPE DIEM
Link.
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Submitted by CARPE DIEM
SPOT PRICE + CARRYING COST = FUTURES PRICE

Harvard economist Martin Feldstein explains in today’s WSJ that the relationship between future and current spot oil prices (see equation above) implies that an expected change in the future price of oil will have an immediate impact on the current spot price of oil.

When oil […]

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Submitted by A Dash of Insight
Let us suppose a fantasy world in which we could sit down in a game of chance with a select group of opponents.  The other players had the following characteristics:

They are drawn randomly from the population.  If you think you are smart, they are less smart.
They have little education in […]

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Submitted by CARPE DIEM
When Tiger Woods collected his $1,350,000 check for winning the U.S. Open golf championship this month, his federal and California taxes approximated $586,000. So, Tiger got to keep about $764,000, or 57% of his winnings.

It was fortunate for Tiger that his most-recent U.S. Open win occurred in 2008. Under twin tax proposals […]

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Submitted by CARPE DIEM
1. Ian Usher’s “Life for Sale” sold for AU$399,300 ($380,000).

2. Power Lunch with Warren Buffet sold for $2,110,100.
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Submitted by CARPE DIEM

Yesterday’s CD post of a graph of 1,000 gallons of gas as a percent of per-capita disposable income (top graph above) shows that we’re still nowhere near record highs for gasoline, when measured as a share of income.
Warren Meyer at Coyote Blog thoughtfully suggested adjusting the analysis to account for the […]

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