Electric Toothbrushes and Modern Gas Pumps One of my favorite “Family Circus” cartoons shows the children in the bathroom in their grandparents’ house, holding a manual toothbrush. The caption: “Look, Mom! A toothbrush you don’t have to plug in!” The Kaplan household recently had our own version of that experience, when my 17 year-old son (and...Read More
“A Penny Not Spent on Gas . . is a Penny Earned,” or, “Houston, We You Have a Problem” “Oil’s Drop Spills Into Other Assets.” —Headline, Wall Street Journal (12/12/2014) You’d certainly think collapsing oil prices would qualify as a “white swan” event — an unforeseen, “three standard deviations” occurrence that most people would view...Read More
“Attention All Walmart Costco Shoppers!” Looks like gas prices just jumped 15¢ to 20¢ per gallon today. Which means that savvy Costco members head there to fill up — before Costco bumps prices tomorrow (it’s famous for lagging price changes by one day). P.S.: And yes, it lags price drops as well as price increases.Read More