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Pat Allen
I am a retired corporate lawyer, living in the Chicago suburbs, with a wife and two adult children.
Interests: Current events, the Cubs, reading, history, New Zealand
Recent Activity
As I said at the end of the last post, I will be on break until early August. In the meantime, Go Cubs! Continue reading
Posted 2 days ago at The View from Right Field
This is a follow up on last Friday’s post, “Is the Stock Market for Real or Just Addicted to Low Interest Rates and Easy Money?” In writing it, I realized I have been saying the same thing for years. In... Continue reading
Posted 3 days ago at The View from Right Field
The foreign policy follies (and worse) of Donald Trump are so bad, it sometimes makes us forget bizarre positions that prior administrations have taken. For example, in 2011, when the United States was involved in the bombing of Libya (because,... Continue reading
Posted 6 days ago at The View from Right Field
Federal Reserve chairman Jerome Powell indicated in Congressional hearings on Wednesday that the Fed could be cutting its benchmark interest rate later this month – and the stock market promptly went up. So, a “Powell Put”? (See here.) In addition... Continue reading
Posted 7 days ago at The View from Right Field
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The one on the left is from Tuesday's Financial Times. The one on the right is from today's Wall Street Journal. Continue reading
Posted Jul 11, 2019 at The View from Right Field
This is to follow up on Tuesday’s post, “Climate Change Is a Two-Part Question.” In June, The Economist wrote about “Green New Democrats” and in particular about Joe Biden’s and Elizabeth Warren’s plans for climate change. While neither of them... Continue reading
Posted Jul 10, 2019 at The View from Right Field
The Democratic debates, the European heat wave (not to mention the 90 degrees in Anchorage), et al, are getting people to talk even more about climate change, assuming that is possible. Many of the Democratic presidential candidates support the “Green... Continue reading
Posted Jul 9, 2019 at The View from Right Field
A column in Wednesday’s Financial Times by Brooke Masters noted: “Consolidation is sweeping through the self-driving cars sector like the last dance at a high school disco – everyone seems to be grabbing a partner or two for fear of... Continue reading
Posted Jul 5, 2019 at The View from Right Field
An article in The Washington Post this morning, with the headline “Trump’s hard line approach appears to soften in meetings with world leaders,” starts out: “President Trump entered his meeting with President Xi Jinping over the weekend promising to take... Continue reading
Posted Jul 2, 2019 at The View from Right Field
Taxes are going up in Illinois tomorrow. The gas tax is going up 18 cents a gallon, and there are probably other taxes going up, too. Also, there will eventually be new taxes on things like marijuana and sports gambling.1... Continue reading
Posted Jun 30, 2019 at The View from Right Field
While the world looks at the possibility/risk of war between the United States and Iran (understandably), let me suggest that I hope we have people thinking about Russia, China, and our future relations with them. I doubt very much that... Continue reading
Posted Jun 28, 2019 at The View from Right Field
(Here.) Which means that anybody who scrimped and saved to get through college with as little debt as possible was silly. And anybody who didn’t go to the most expensive school and take out the most loans possible was foolish.... Continue reading
Posted Jun 24, 2019 at The View from Right Field
While the Federal Reserve did not lower interest rates on Wednesday, they did indicate they might do so later this year. Which caused interest rates on bonds to go down, and stock prices to go up. Once again, making those... Continue reading
Posted Jun 22, 2019 at The View from Right Field
Instead of posting about politics, etc., today, I thought I would do some baseball, about some of the more interesting/unusual games I have been to over the {many] years. People have asked me what the longest game was (in terms... Continue reading
Posted Jun 15, 2019 at The View from Right Field
At one point in his dealings with China (which continue), President Trump called himself “Tariff Man” – apparently because he likes tariffs and thinks they are good things to impose and/or to threaten other countries with. Which brings me to... Continue reading
Posted Jun 12, 2019 at The View from Right Field
The Federal Reserve has shifted course recently. Previously, it indicated that interest rates would stay the same for a while (which was itself a change from indications last year that rates would going up this year). Now, however, the Fed... Continue reading
Posted Jun 9, 2019 at The View from Right Field
Back in the middle of May, Janan Ganesh, a columnist for the Financial Times, said, per the headline of his column, “Trump needs more Trumpians in the White House.” According to Mr. Ganesh: “Between them, [national security advisor John] Bolton... Continue reading
Posted Jun 6, 2019 at The View from Right Field
I never thought I would sympathize with House Speaker Nancy Pelosi, and I still don’t. But if ever I was going to sympathize with her, we are getting close to when it would happen. Two people who might sympathize with... Continue reading
Posted Jun 2, 2019 at The View from Right Field
Pilita Clark wrote in Monday’s Financial Times about the difficulty some men have in taking parental leave when their child is born.1 In the UK, parents can share up to 50 weeks of leave, most of it paid. But, apparently,... Continue reading
Posted May 31, 2019 at The View from Right Field
Democrats are upset that Attorney General William Barr has authorized an investigation into whether the law enforcement and intelligence communities had proper basis for investigating the Trump campaign during the 2016 presidential campaign. The main point they seem to make... Continue reading
Posted May 28, 2019 at The View from Right Field
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Pictures from the 1995 and 2008 Cubs Conventions. Continue reading
Posted May 27, 2019 at The View from Right Field
About two years ago, I subscribed to The Washington Post online. I liked their international news coverage, and the online subscription seemed like a relatively inexpensive way to keep up on that stuff. I won’t be renewing my subscription when... Continue reading
Posted May 26, 2019 at The View from Right Field
Before the first game of the current homestand, Theo Epstein talked about the Cubs’ bullpen: “Since that first trip, they’ve been, by the numbers, one of the best, if not the best, in baseball. So they’ve been doing a great... Continue reading
Posted May 24, 2019 at The View from Right Field
Back in April, I suggested another way to “game” the college admission process. Instead of paying bribes to college coaches to say they wanted a kid for their sport or to proctors to correct answers on SAT or ACT tests,... Continue reading
Posted May 20, 2019 at The View from Right Field
I will be gone for a couple of weeks. I'll be back the middle of May. Go Cubs. Continue reading
Posted Apr 29, 2019 at The View from Right Field