Showing posts with label Consumption. Show all posts
Showing posts with label Consumption. Show all posts
Wednesday, August 8, 2012

The psychology of Economics---Consumer confidence is down and it serves as a drag on the economy. Simple, but powerful...

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Economics is part social science and part psychology.  What people think "en masse" matters.  Consumer expectations are one of the...
Saturday, August 4, 2012

Cartoon " Desert Island Recession"---See if you agree with the premise and conclusion...

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The genesis of a recession.  I have a problem beginning with the frame "The Next Day".  How about you? From  Gocomics   Via Mik...
Wednesday, August 10, 2011

A simple, inexpensive product is saving lives in Somalia...Why do the inventors of this product NOT have a Nobel Prize?

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I learned something new today. It is one of those things that makes me wonder why the inventors of this product have not won an Nobel Prize....
Sunday, July 17, 2011

It does not matter what the price of rice is in China. You still need chopsticks to eat it...Guess which country is a growing supplier of them?

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Comparative advantage is a strange thing... A Georgia company is a leading exporter of chopsticks, of all things, to China...Nice example o...
Sunday, July 3, 2011

Oil and Bio-Fuels clash...The winner? Better question--The loser? Answer--all of us.

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Bad energy policies equal bad outcomes...Two reminders in as to why we need to wean ourselves off of oil AND why using food-for-fuel is NOT ...
1 comment:
Sunday, May 22, 2011

Netflix customers collectively consume 30% of US bandwidth. Shouldn't they pay MUCH more for video stream?? See chart here...

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I am very ignorant of how the "guts" of information technology works. Sort of like my car--I don't know HOW it works, I just w...
Saturday, May 21, 2011

While the giant slept the world moved on to eradicate poverty...We just don't get what is happening in the rest of the world.

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  Source: CSM   The world is changing rapidly and is becoming less dependent on the success of the US.  We are still very relevant ...
1 comment:
Thursday, May 19, 2011

Electric Vehicles are NOT the answer to energy independence...Why does this have to be so hard???

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Resources are not unlimited---this forms the foundation for the definition of economics.  Essential natural resources ("Rare Earth Mine...
Wednesday, May 18, 2011

Which vehicles are in the shortest supply right now? With $4.00+ gasoline, that is too easy a question...

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Many pundits in the economics  blogosphere have pegged $4.00 a gallon as the breaking point for people to seriously start changing their lev...
Tuesday, May 17, 2011

Panera Bread experiments with "Pay What You Want" pricing...Is this a good idea??

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Some restaurants are experimenting with a voluntary payment system for its food---YOU decide how much you want to pay for your meal. Panera ...
2 comments:
Sunday, May 15, 2011

"Do you want fries with that?" will soon be a phrase of the past...Is this a good thing???

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McDonald's is adopting point of sale technology in it's European restaurants that will reduce the need for labor, at the margin.  To...
1 comment:
Friday, May 13, 2011

Why have LCD TV's come down in price so much and so fast? Nice Graphics here showing why...

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This graphic shows the change in price of various widths of LCD TV screens since their introduction into the marketplace.  It is quite remar...
Saturday, January 29, 2011

Creative Destruction by way of the Smartphone---I am in awe of technology and its potential

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Being of "a certain age", I pause everytime I see something like this and think about how technology has changed in a relatively s...
Tuesday, December 21, 2010

The angst over shopping for Christmas is not a new thing...The more things change, the more they stay the same...

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In what year do you think this quote from the NYTIMES was made? (Click HERE to see the answer)   "" It is astonishing to see what...
Sunday, December 12, 2010

I LOVE Millionaires and Billionaires!! And you do too, but don't really know it...

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Here is a thought experiment for you...When you wake up in the morning and until you go to sleep at night, keep a diary (or mental note) of ...
Tuesday, November 30, 2010

Is Cyber-Monday "Creatively Destroying" Black-Friday? I sure hope so...

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Although it will make the news a bit more boring if it does. No more video of people shoving each other through doors to get to the "De...
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