I’d like to quote the part where Ray Kurzweil talks about the economy.

The Double Exponential Growth of the Economy During the 1990s Was Not a Bubble

Yet another manifestation of the law of accelerating returns as it rushes toward the Singularity can be found in the world of economics, a world vital to both the genesis of the law of accelerating returns, and to its implications. It is the economic imperative of a competitive marketplace that is driving technology forward and fueling the law of accelerating returns. In turn, the law of accelerating returns, particularly as it approaches the Singularity, is transforming economic relationships.

Virtually all of the economic models taught in economics classes, used by the Federal Reserve Board to set monetary policy, by Government agencies to set economic policy, and by economic forecasters of all kinds are fundamentally flawed because they are based on the intuitive linear view of history rather than the historically based exponential view. The reason that these linear models appear to work for a while is for the same reason that most people adopt the intuitive linear view in the first place: exponential trends appear to be linear when viewed (and experienced) for a brief period of time, particularly in the early stages of an exponential trend when not much is happening. But once the “knee of the curve” is achieved and the exponential growth explodes, the linear models break down. The exponential trends underlying productivity growth are just beginning this explosive phase……

…….None of this means that cycles of recession will disappear immediately. The economy still has some of the underlying dynamics that historically have caused cycles of recession, specifically excessive commitments such as capital intensive projects and the overstocking of inventories. However, the rapid dissemination of information, sophisticated forms of online procurement, and increasingly transparent markets in all industries have diminished the impact of this cycle. So “recessions” are likely to be shallow and short lived. The underlying long-term growth rate will continue at a double exponential rate.

There’s more information at the source, including some charts.

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Three attempts to get above resistance.

And today it’s finally above that level. Hopefully will build support here and go on to fill the gap.

• 13ema is turning up and should cross over 34ema soon.
• Oscillators and volume look good.

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Today’s update shows that bullish sentiment rose from 30%+ last week to about 45% this week. Looks like the price has further to go.

Click to enlarge

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She lived in a tiny one-bedroom cottage in Lake Forest, Ill.

She bought her clothes at rummage sales, didn’t own a car and worked most of her life as a secretary for a pharmaceutical company.

Yet after her death at age 100, Grace Groner left Lake Forest College a gift of $7 million to be used for scholarships. The money came from three shares of stock she bought — and held on to — in 1935.

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I got out today at $3.90 (yes, seriously, 52-week high to the penny). Modest 40% return since October. Super proud because I have NEVER held anything that long with that kind of positive return

No plans to re-buy it. Got nothing against BEE, just undecided at the moment.

Next stock that I really want to succeed is (LYG: 3.54 +2.61%).

Also, liking (PCC: 7.2668 -0.45%), PMC Commercial Trust with 8%+ dividend, but unfortunately it has no options.

In addition to LYG, still watching SPX/SPY.

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1. iphone (AAPL)
2. business
3. wii (SNE)
4. music
5. Chynna Phillips
6. travel
7. games
8. Jaycee Dugard
9. apple (AAPL)
10. xbox 360 (MSFT)

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I’m going to be a feminist and say that it’s probably because women are usually paid less than men; and the more expensive workers are often the first to go.

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Very curious how LLoyd’s will work out over the next year or two. I think there’s a potential for a “multi-bagger” here.

Short-term, this is a bullish setup. I noticed it earlier, wanted to see how it would resolve. Now that upper trend line should act as support as it corrects out of the overbought condition. Volume pattern is positive.

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Prices are creeping up on about the same dollar volume.

Click to enlarge

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One day a florist went to a barber for a haircut. After the cut, he asked about his bill, and the barber replied, ‘I cannot accept money from you, I’m doing community service this week.’ The florist was pleased and left the shop.

When the barber went to open his shop the next morning, there was a ‘thank you’ card and a dozen roses waiting for him at his door.

Later, a cop comes in for a haircut, and when he tries to pay his bill, the barber again replied, ‘I cannot accept money from you I’m doing community service this week.’ The cop was happy and left the shop.

The next morning when the barber went to open for the day he found a ‘thank you’ card and a dozen donuts waiting for him at his door. ( )

Then a Congressman came in for a haircut, and when he went to pay his bill, the barber again replied, ‘I cannot accept money from you. I’m doing community service this week.’ The Congressman was very happy and left the shop.

The next morning, when the barber went to open up, there were a dozen Congressmen lined up waiting for a free haircut.

And that, my friends, illustrates the fundamental difference between the citizens of our country and the politicians who run it.

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