There are doubts whether higher trading volume of financial instruments created any value for the economy and society. Deregulation was the dominant ideology during Greenspan era. Now people are thinking most of the transaction that happened in a split of a second are socially useless.

Grit is good.

Is housing getting better?

Housing market stats

教廷解密風暴 梵蒂岡陷洩密醜聞

Liberty times reports

Relationship

when you make others around you look good, they will love you forever

Is fiscal tightening pro-growth?

The theory goes like this:

Fiscal tightening means a smaller public sector. Smaller public sector means lower tax. Lower tax will induce more private investment and create more jobs. In the end the economy will grow.

But in the experience of Greece and Portugal the fiscal tightening caused loss of job and reduced pay in public sector. Because the public sector was large this means consumers have much less money to spend. The contraction in demand pushes business to withhold investment and reduce inventory, causing a further drop in investment. Economic output drops, and new investment is not in sight because the confidence are so weak.

The conservatives think if you brave the pain, overtime the confidence will return. You should not relapse on the policy tightening and business will eventually believe the new regime is for the long term. But how much longer can people bear with the recession and despair?

台灣人民要享有決定自己命運的權利，那只有民進黨執政才有可能

Taiwan's sovereignty issue:
A historical special case.
1. Can not become an independent country because of China and the US opposition.
2. But has the potential of permanently independent from China's rule, if its people continue to be willing to decide its own fate.

history

commentary

LNG is the future

Earth quake concern in Japan has prompted Japan to import a lot more LNG.

Natural Gas Price has fallen since the adoption of fracking.

Natural Gas emits about half of the CO2 compare to oil. But there are caveats.

Criteria to Test Product Suitability

Income
Net worth
Liquid net worth
Tax status
Investment objective
Age
Rish tolerance
Investment experience
Liquidity need
Investment time horizon

Qatar Purchases Cézanne’s The Card Players for More Than $250 Million, Highest Price Ever for a Work of Art

Pictures

Worry about Taiwan's future