At the New York Times, dateline March 2009 : Going Galt: Everyone’s Doing It
A couple of seemingly unrelated links, but….
First, it’s worthwhile to revisit Sydney’s rant at Untemplater: Taxes Suck and Make Me Want to Shut Down my Small Business. I was going to post an excerpt, but the title pretty much encapsulates it. Here’s a small entrepreneur that is just discouraged by the high rate of taxation.
Moving on with other personal experiences, here’s a recent podcast on Financial Sense (“The Search for Greener Pastures Overseas“) Guest Erik Townsend was a very successful internet entrepreneur and investor. After selling off his company, he decided that he’d had enough of taxes and high regulation on small business, and spent some time traveling around the world looking for a place to expatriate (I might have saved him some trouble with this post Retiring Abroad – A Few Things to Ponder). A good iPod listen while out in the garden noodling around the flower beds.
The take from both these stories is that over-regulation and heavy taxation, all in the noble interests of protecting the consumer and insuring fairness, tends to piss off the very people that generate the wealth. And eventually, they go away.
Our friend Mich puts his analytical skills to use in reviewing commodity ETFs with: Wheat ETF: Harvesting Profits from the Staple Food of Mankind.
A companion headline to Mich’s writeup, from AsiaOne News.
China’s supermarket sector was worth $970 billion at the end of 2011, surpassing the US market, which was valued at $913.5 billion, according to food industry analysts IGD. The rapid expansion is being driven by China’s growing economy, the rising wealth of its population, and inflationary food prices, the British firm said. China’s grocery market is forecast to expand to nearly $1.46 trillion by the end of 2014, three times its worth in 2006. The report noted that the Chinese are moving from a diet based on rice and pork to embrace dairy products, wheat, grains, and both red and white meat, which has helped boost prices around the world.
First China becomes the world’s largest consumer of cars, and now they’re vying for top spot on who will be the fattest.
Earlier this year I made a prediction about rising food prices (“Looking Back, Looking Forward“). Maybe we ought to expect another black swan after a couple more months of rising food prices?
One more headline, this time from Reuters:
MILAN, April 5 (Reuters) – World food prices are likely to rise for a third successive month in March, and could gain further beyond that, with expensive oil and chronically low stocks of some key grains putting food inflation firmly back on the economic agenda.
Food prices grabbed world policy makers’ attention after hitting record highs in February 2011 and stoking protests connected to the Arab Spring wave of civil unrest in some north Africa and middle eastern countries.
Yet More Links….
Canadian Oil Stocks, with Investing in Oil: 3 Canadian Oil Sands Stocks
A dose of reality from Bichon Frise @ PFBlogWatchDog, with You are not Buffet
Babci rides again over at First Gen American, with Babci Story: Surviving on Milk Soup
Steve from Money Infant guest posts at Retire By 40, with Socially Responsible Investing
“Locavesting” with JT @ Money Mamba: Investing in Small Businesses
My University Money dissects the Canadian Federal budget, with The Gift That Keeps On Giving
Not to be outdone, Financial God does the same, only with a slightly more pointed title: Canada’s 2012 Budget: Does It Deliver, or is It Full of BS?
You have an itch to learn about positive expected values? Itch no more, because the fine folks at DQYDJ have it covered with Adventures in Lottery Playing – What Was The Expected Value of Mega Millions Tickets?
Matt @ Rambling Money with One Good Consequence of Obamacare’s Individual Mandate
Increase your trading IQ, with Darwin’s Money: Pairs Trade: Real Examples and Profit Potential
Shocking revelation from Expat Mama: Confession Time – I Don’t Own A Credit Card
Want to strike out on your own be an entrepreneur? Read about Kevin’s journey in real time at Invest It Wisely. “Two Months of Entrepreneurship: The Good, The Bad, and The Ugly”
Jon “I don’t know where the money is” Corzine, he of MF Global fame shame, ex-honorable Governor of New Jersey (dubious he had any honor to start with), is still at large. According to Ms. Kathryn of Kathryn’s Conversations, it’s high time he should be picking up soap in Federal Prison: “It’s Official, Jon Corzine is Batshit Crazy“. Can we all agree that Mr. Corzine is ready to be Mrs. Corzine to some heavily tattooed 350-pound soul mate?
Sticking it to the peasants, a little bit more every day. Move along, nothing to see here, folks.
Rounding out on the current state of national affairs, Financial Samurai with the apropos title of Shit Is Fucked Up And Bullshit
Roundups, Giveaways, Honorable Mentions and Carnivals
The scribblings of this blog were also graciously included in roundups and accepted by the following carnivals:
Carnival of Financial Planning, hosted by Free Money Finance
Yakezie Carnival, April Fool’s Edition, hosted by Passive Income to Retire
Yakezie Carnival, Early Spring Jump Edition, hosted by Money Reasons
Totally Money Carnival, Millionaire Teacher Edition, hosted by Thirty Six Months
Carnival of Financial Camaraderie #28, hosted by My University Money
Financial Carnivals for Young Adults, 6th Edition, hosted by 20s Finances
Carnival of Retirement, Welcome to FPR Edition, hosted by Financial Product Review
Carnival of Retirement, April 2nd Edition, hosted by Tackling Our Debt
Carnival of Money Pros, Final Ride Edition, hosted by Financially Consumed
Carnival of Money Pros #4, Scramble with Friends, hosted by Thousandaire
A super giveaway by Invest It Wisely: Weekend Reading, The New iPad Edition. Over $1,200 in prizes to be won. What you waiting for? Odds are most certainly better than the Mega-Millions lottery.
Another giveaway by Dave at Debt Black Hole. Your chance to win some Unicorn Spam from ThinkGeek. Ah, yes, and a hundred bucks, too.
DQYDJ, with The Weekender
JL Collins in NH with “You Can Eat My Vindaloo…” and a bunch of other worthwhile links.
Cult of Money, with Sunday Devotional Links
My Own Advisor, with Weekend Reading – Happy Easter Edition
Beating The Index, with Weekend Reading – Happy Easter Edition
Financial God, with Weekend Reading, Protests Edition
Street Smart Finance, with Three Easy Steps to Get Physically and Financially Fit
My Own Advisor, with Weekend Reading – Budget Highlights, Worried Boomers and Amazing Blogs
That’s if for this week. Thanks for reading, and please feel free to subscribe to RSS, email or Twitter. Top right hand corner.