After getting teased by the headline, I secretly put my money on Vegas. I should have known better. All those LA transplants living in Vegas was a hint.
Often, what happens in Vegas stays in Vegas. Like foreclosed homes.
http://www.msnbc.msn.com/id/40758837/ns/travel-news/?gt1=43001
Wednesday, January 19, 2011
Wall Street Anxiously Awaiting the Dumb and Dead Money
Here it comes!
ZeroHedge is reporting a 3.8 billion dollar private equity inflow into domestic funds. This is the first significant inflow in about 40 weeks. In the big scheme of things this is not all that much.
Hope springs eternal for a bunch of banks and hedge funds that have been trading an artificially driven market. They've been sitting chilly for nearly two years hoping someone would show up to play. They have to be able to dump that inflated paper on someone. There are no winners if there are no losers. And interestingly enough, earnings reports are facing tougher comparisons.
The only way to drag me into this market is on the short side. Facing 5 months more of open market operations, aka the Bernank ripping off US taxpayers and injecting future tax receipts, only a fool could come in short here.
Sometimes the best play is a non starter. I think that's the proper play here. Don't fill the channel with dumb money.
ZeroHedge is reporting a 3.8 billion dollar private equity inflow into domestic funds. This is the first significant inflow in about 40 weeks. In the big scheme of things this is not all that much.
Hope springs eternal for a bunch of banks and hedge funds that have been trading an artificially driven market. They've been sitting chilly for nearly two years hoping someone would show up to play. They have to be able to dump that inflated paper on someone. There are no winners if there are no losers. And interestingly enough, earnings reports are facing tougher comparisons.
The only way to drag me into this market is on the short side. Facing 5 months more of open market operations, aka the Bernank ripping off US taxpayers and injecting future tax receipts, only a fool could come in short here.
Sometimes the best play is a non starter. I think that's the proper play here. Don't fill the channel with dumb money.
For Everything You Know In Life- There Was a Time When You Didn't Know It
In my little hometown paper, that leans so far left it barely remains upright, they haven't gotten the memo yet that the United States is broke and in deep debt. Or that our own state is barely afloat. They simply can't come to grips with the idea that when you are broke, bankrupt, or in deep debt- you cannot afford to have a Cadillac school system that costs a lot of money. Or even a Yugo school system when you don't have the gas money.
The article is entitled, "Misplaced Frugality." I cannot make this up. I will link it here. http://www.mtexpress.com/index2.php?ID=2005134986
I love those moonbats. They'll talk about all of those altruistic things. Our poor children. We can't compete globally with more efficient school systems or places that are not broke. Our poorly educated children won't be able to buy McMansions or BMW's. Or special needs children will get tossed into the street. It is an emotionally charged plea they use but unfortunately it fails.
Why would you expect anything different? This is a culture that has never spent within their means. They have denied themselves nothing. And they sent like minded politicians to office and ignored what they did. How do you explain to a bunch of unconscious people that the well has run dry?
I have a news flash for you folks. You spent your children's education money long ago. It's nobody's fault but your own. How does that taste?
The moonbats will howl. They will disagree. They will blame everyone but themselves. They will blame the right. Surely, there is a hidden pot of gold somewhere. Get out that black Amex card- Governor Otter. Charge it. And thus the moonbats, the right wingers, and us libertarian types are reaping the rewards of barren fields at harvest time. We spent all the seed money. There will be no crops this year. All us farmers can manage to do is blame each other- as though that will solve anything or make us feel better.
I am going to love to hear the collective whine of a spoiled nation that has had everything they wanted for way too long. I do have a solution. It's the solution I use.
I am grateful. I am grateful for reasonably good health without health insurance. I am grateful that I put away enough money to ride this mess out even though I am unemployed. I am grateful that I don't have to go to some job and get brow beaten all day for 12 bucks an hour. I am grateful that my family is making ends meet in much the same way as I am. I am grateful for food and shelter. I am grateful that I live in the United States and not some place where they are killing each other over a bag of rice.
Gratitude is an interesting concept. It is the concept of a man who has no legs and yet finds useful things to do and looks forward to every day. He does not spend his time whining that he can't play golf or that life has treated him unfairly. He is focused on what he can do with his life rather than what he cannot do. This is a difficult concept to grasp when you have spent your life getting everything your heart desires and now suddenly- someone says, "You can't have that anymore."
I guess I'm just a little bit better informed and pragmatic than my moonbat counterparts. I don't claim the intellectual high ground. I simply have grasped some facts that they have yet to grasp. I have plotted a course of gratitude and coping skills which one way or another- they are going to have to find for themselves. Or whine. For everything you know in life, there was a time when you didn't know it.
The article is entitled, "Misplaced Frugality." I cannot make this up. I will link it here. http://www.mtexpress.com/index2.php?ID=2005134986
I love those moonbats. They'll talk about all of those altruistic things. Our poor children. We can't compete globally with more efficient school systems or places that are not broke. Our poorly educated children won't be able to buy McMansions or BMW's. Or special needs children will get tossed into the street. It is an emotionally charged plea they use but unfortunately it fails.
Why would you expect anything different? This is a culture that has never spent within their means. They have denied themselves nothing. And they sent like minded politicians to office and ignored what they did. How do you explain to a bunch of unconscious people that the well has run dry?
I have a news flash for you folks. You spent your children's education money long ago. It's nobody's fault but your own. How does that taste?
The moonbats will howl. They will disagree. They will blame everyone but themselves. They will blame the right. Surely, there is a hidden pot of gold somewhere. Get out that black Amex card- Governor Otter. Charge it. And thus the moonbats, the right wingers, and us libertarian types are reaping the rewards of barren fields at harvest time. We spent all the seed money. There will be no crops this year. All us farmers can manage to do is blame each other- as though that will solve anything or make us feel better.
I am going to love to hear the collective whine of a spoiled nation that has had everything they wanted for way too long. I do have a solution. It's the solution I use.
I am grateful. I am grateful for reasonably good health without health insurance. I am grateful that I put away enough money to ride this mess out even though I am unemployed. I am grateful that I don't have to go to some job and get brow beaten all day for 12 bucks an hour. I am grateful that my family is making ends meet in much the same way as I am. I am grateful for food and shelter. I am grateful that I live in the United States and not some place where they are killing each other over a bag of rice.
Gratitude is an interesting concept. It is the concept of a man who has no legs and yet finds useful things to do and looks forward to every day. He does not spend his time whining that he can't play golf or that life has treated him unfairly. He is focused on what he can do with his life rather than what he cannot do. This is a difficult concept to grasp when you have spent your life getting everything your heart desires and now suddenly- someone says, "You can't have that anymore."
I guess I'm just a little bit better informed and pragmatic than my moonbat counterparts. I don't claim the intellectual high ground. I simply have grasped some facts that they have yet to grasp. I have plotted a course of gratitude and coping skills which one way or another- they are going to have to find for themselves. Or whine. For everything you know in life, there was a time when you didn't know it.
Tuesday, January 18, 2011
How Currency Is Traded at the Bank
Shamelessly lifted from those snarky comments at ZH.
I was at my bank today; there was a short line.
There was just one lady in front of me, an Asian lady who was trying to
exchange yen for dollars. It was obvious she was a little irritated . . .
She asked the teller, "Why it change? Yesterday, I get two hunat dolla fo
yen.
Today I only get hunat eighty? Why it change?"
The teller shrugged his shoulders and said, "Fluctuations."
The Asian lady says, "Fluc you white people, too."
I was at my bank today; there was a short line.
There was just one lady in front of me, an Asian lady who was trying to
exchange yen for dollars. It was obvious she was a little irritated . . .
She asked the teller, "Why it change? Yesterday, I get two hunat dolla fo
yen.
Today I only get hunat eighty? Why it change?"
The teller shrugged his shoulders and said, "Fluctuations."
The Asian lady says, "Fluc you white people, too."
Who Writes This Shit?
From ABC News. Our mainstream media hard at work. Is Obama another Reagan?
http://blogs.abcnews.com/thenote/2011/01/is-obama-another-reagan.html
I have seen some stupid shit in the last couple of weeks, but this piece of work gets the Nobel Prize. Pun intended. Do they actually pay people to write this garbage?
I hope that Amy Walter did not spend a lot of time in school earning that journalism degree. Hopefully, she paid her student loans back.
It is a sad day indeed when lefties start comparing the non existent leadership skills of boy wonder with Ronald Reagan. Amy let me let you in on a little secret. Both men were in fact human and Presidents. Other than that, any similarities are purely coincidental. Including any poll numbers you have dredged up to support your spurious and fallacious argument. Obama couldn't wipe Reagan's ass if he stood on a step ladder.
http://blogs.abcnews.com/thenote/2011/01/is-obama-another-reagan.html
I have seen some stupid shit in the last couple of weeks, but this piece of work gets the Nobel Prize. Pun intended. Do they actually pay people to write this garbage?
I hope that Amy Walter did not spend a lot of time in school earning that journalism degree. Hopefully, she paid her student loans back.
It is a sad day indeed when lefties start comparing the non existent leadership skills of boy wonder with Ronald Reagan. Amy let me let you in on a little secret. Both men were in fact human and Presidents. Other than that, any similarities are purely coincidental. Including any poll numbers you have dredged up to support your spurious and fallacious argument. Obama couldn't wipe Reagan's ass if he stood on a step ladder.
This Ones For You OMNI...
Every once in awhile, I come across a comment on a blog that is so prescient and lucid, that it simply bears repeating. This one comes from the Economic Collapse blog and is offered with no further comment. No improvement needed.
I am amazed everytime I read one of these articles.
The answer to our problems was put in place by our founding fathers and still exists today. At this point, the Federal Gov no longer serves the people and instead is acting as the agent of the bankers. We must remember that the States are VOLUNTARY members of the US. The process in front of us is simple.
1.) People need to pressure their state governors for succession from the US. This would be great if done as a mass movement with all states voting for succession on the same day. I bet, with this economy and the loest level of satisfaction with the Feds seen in our history, you would have an effect similar to what happened with the vote in Missouri on the Healthcare law.
2.) The states, now no longer part of the Fed, now collect half the taxes the Feds did and let the populace have the other half.
3.) The State ratify a new Constitution and reform a government based on our orginal founding principals.
Problems solved. The Fed is gone, the Fed Reserve is gone, the bankers go belly up, the States are out of budget crisis, and people can get back to work again.
It’s time to dissolve the US as it is known and to form a government again by the people and for the people.
I am amazed everytime I read one of these articles.
The answer to our problems was put in place by our founding fathers and still exists today. At this point, the Federal Gov no longer serves the people and instead is acting as the agent of the bankers. We must remember that the States are VOLUNTARY members of the US. The process in front of us is simple.
1.) People need to pressure their state governors for succession from the US. This would be great if done as a mass movement with all states voting for succession on the same day. I bet, with this economy and the loest level of satisfaction with the Feds seen in our history, you would have an effect similar to what happened with the vote in Missouri on the Healthcare law.
2.) The states, now no longer part of the Fed, now collect half the taxes the Feds did and let the populace have the other half.
3.) The State ratify a new Constitution and reform a government based on our orginal founding principals.
Problems solved. The Fed is gone, the Fed Reserve is gone, the bankers go belly up, the States are out of budget crisis, and people can get back to work again.
It’s time to dissolve the US as it is known and to form a government again by the people and for the people.
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