Friday, October 03, 2008

From 2002: Recipe for conjuring a housing bubble with fiscal & tax policy.


Does one follow a recipe to conjure, or is the term "spell"?

The next four years are in his hands

2008.10.02 - 538 VP Debate-11
2008.10.02 - 538 VP Debate-11,
originally uploaded by Brett 538.
The black and white gives a patina of timelessness, don't you think?

Customers as investors


A restaurateur funds expansion from future customers. A principle of accounting is that costs should be matched to the period of benefit, and this mechanism works on this level. One risk is that enthusiastic customers might use their Comfort VIP cards too quickly, before the working capital represented by VIP Card balances can be replace from retained earnings.

Thursday, October 02, 2008

Image889


Posted by ShoZu

Natural science offers a respite from fretting about politics and markets. Welcome to the sea slug forum.