TGIF

Golly, this week has been boring.

Even yesterday's ramp up was dull. Maybe that's because my big banks are still mired in the mud. Ugh.

BAC purchase of CFC was approved.

Trichet of the ECB talks of raising rates. I wonder how that's going to control the price of oil ? How many more unemployed German and French and Italian workers must be added to cut oil price growth ? Seems like a tough question for an economist/banker. There being no direct connection makes it really an ill-posed question. Are they fighting the old war of the 1970s ? Or just using the wrong theory/model and will cause lots of pain as they find that out.

The Ruling Class tinkers and the common man suffers.

Economic data still show no recession has or will occur in this mid-cycle slowdown.

But being right doesn't mean I am making money. Krypto Fund is outperforming considerably and is "slightly" green YTD (+2.6%), and that's most of my investments (85% now). But being competitive, the Alpha Fund is vexing me.

Word of the Day

"Lief" - adverb [$10] archaic, used in Shakespeare, etc.
Lief means gladly, willingly (usually as "had lief", or "would lief").
Sentence: Remember the old Popeye cartoons with the character, Wimpy ? Here's Wimpy as a Shakespearean character. "Perforce, I would lief pay you Tuesday for a hamburger today".