I returned late last evening after a great trip to the wilds of Vermont. All the "equipment" worked excellently. Well, that is to be expected given the skills of the armorer in cleaning and preparing it all. One firing pin broke near the end of the last session. I could have replaced it as I had brought a spare along - naturally -but since the break occurred as I was almost finished, I'll fix it at home.
My group was caught in a remarkable thunderstom late Friday afternoon. Wind gusts were reported at 60 mph and the intense rain fell in sheets. Numerous lightning strikes occurred - luckily not near us. Some hail fell, too. Our tent survived as the three of us grabbed it before it could sail away. The rain came in horizontally and we were all completely drenched. Some equipment was drenched, too, but since all of it had been thoroughly coated in "Sheath" - a fine rust prevention product - there were no problems. On Saturday some minor cleaning was necessary - that's all. Good preparation saved the day.
This morning I did a quick check of the news. From Briefing.com on Friday AM: "Citigroup beats by $0.17, beats on revs; reports $7.2 bln in write-downs (17.97 ) " The stock rose Friday about a point.
This season's scoreboard update: Blog 3, Meredith, 0. Two big batters come to the plate on Monday and Tuesday, though.
About Me
- Bunkerman
- I have a pioneer mentality. My wife & I live in the woods - neighbors aren't visible except slightly in winter. Our "bunker" - hehe, really a fine home & barn - has plenty of security. We have four dogs: Krypto (age 9, Kelpie), Ava (age 13, Rat Terrier), Sky (Kelpie, age 5) and Lucky Star (age 1, kelpie). I don't take crap from anyone anymore, having enough resources & gear stocked up to survive in any circumstance. I have three degrees from Harvard including a Ph. D. in a physical science, and an MS in Management from MIT. I worked as an investment banker for about 25 years, mainly in secured finance, at three major Wall Street firms and for the last 17 years with my partners at our own firm. I'm semi-retired now, managing some private corporations and business interests and doing my own trading & investing. This is not to boast, but to give you an idea I know a little about some subjects from experience. The photo is my 1943 M16 half-track which I am restoring. These armored vehicles were ubiquitous in the US Army in World War II and Korea. It's driveable.
4 comments:
doesnt she get a point for MER?
Breaking News from MoneyNews.com
Bill Gross: Fed in Neutral Until December
Bond expert Bill Gross, founder of Pimco, says that the Federal Reserve will leave the benchmark federal funds rate at two percent through December, unchanged from today.
In an interview, Gross said that the Fed is walking a tightrope, inflation on one side and recession on the other.
For the economy, though, the Fed is probably doing the right thing for now, Gross said.
"The Fed, I think they are at neutral, and they should be," said Gross. "What really is the question is whether a central bank can drive down commodity prices by raising short-term interest rates."
"Prior orthodoxy has placed unemployment versus inflation. Whoever solves the economic problem makes history. They deserve a Nobel Prize."
Breaking News from MoneyNews.com
Bill Gross: Fed in Neutral Until December
Bond expert Bill Gross, founder of Pimco, says that the Federal Reserve will leave the benchmark federal funds rate at two percent through December, unchanged from today.
In an interview, Gross said that the Fed is walking a tightrope, inflation on one side and recession on the other.
For the economy, though, the Fed is probably doing the right thing for now, Gross said.
"The Fed, I think they are at neutral, and they should be," said Gross. "What really is the question is whether a central bank can drive down commodity prices by raising short-term interest rates."
"Prior orthodoxy has placed unemployment versus inflation. Whoever solves the economic problem makes history. They deserve a Nobel Prize."
Story continues below . . .
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Gross sees inflation coming down during the next year and thinks the Fed is managing the economy in that direction.
"They are looking forward," said Gross. "They do know that the Phillips curve and excess capacity will lower inflation.
"That is what we will have for the next 12 to 18 months. Inflation is basically going to come down over the next 12 months."
The Phillips curve — named for economist Alban William Phillips — is the historical inverse relation between the rate of unemployment and the rate of inflation in the economy. In short, the lower the unemployment in an economy, the higher the rate of increase in wages paid to labor in that economy.
The fed funds rate sits now at 2 percent and is unlikely to change for a while. "There is still a lot of stress in the financial market," said Gross. "Talking about additional shoes dropping is dangerous. But there are still substantial risks."
"The Fed is jawboning, and they are jawboning appropriately. By this time in December, the Fed funds rate will still be at two percent,” said Gross.
sounds like gross has stopped singing stagger lee. so i suppose now he is right.
watching meet the press, Gore is funny/pathetic.
"well i did run for president, and i won, i just didnt serve."
al gore for energy czar
roflllll
it was great to see the fins finally rally. i just hope this isnt your typical bear market rally. if so, we go up another 500on the dow, and then start another leg down.
i was sitting next to an executive at VZ, playing texas hold em, yesterday. we chatted. he told me that he travels all over the country, and in his 30 years at VZ he has never seen it so rough from the east coast to the west coast. he told me " i cant ever recall a time in my life where i know people who r working, making decent money, and are still having a very tuff time. everyone is cutting back on everything and many still cant make ends meet. the prices of everything r simply going up to fast for almost anyone to keep up."
i responded dont u think its just states like cali, florida and michigan? he responed no way, every state is hurting, from his perch.
at the same time, we bounced and the economy is still expanding a tad, but GDP is no where near the rate of inflation.
besides the manipulation of the fins, the main reason we dropped from 13k to 11k in a couple of months was pricing in the dark meat in the white house and PE contraction becuase of stagflation.
we are in it, now when does it end?
is mccain loses by less than 10 pts, that will be amazing.
i was reading an article about big mac and his sense of humor. made me like him more, but i wont vote for either, becuase neither is qualified. in 1998 at a fund raise mccain speaks about 18 yr old chelsea clinton. "does anyone know y chelsea clinton is soooooo ugly?............. becuase her father is janet reno"
and sal is send big mac money?
spin city, pass the tide
No, that's another league - investment banks. This league is big commercial banks only - the top 5: C, BAC, JPM, WFC and WB.
I guess Bill Gross reads this blog now. ;-)
Re-adjustments from cheap gas & oil is and will be hard but diable. So much money is wasted.
National polls show Obama leading Big John by just 3% - that's really small considering he's gotten all those free press pumps. I doubt if he'll win - once people start paying attention in the fall, his support will drop to 40-45%, in my thinking.
u hnag in a bunker or with elephants.
merns hangs with the avg american.
unless the kkk comes out big in november, mccain will get fuked proper!
just like i said hildog wud......
so now since gross stopped singing stagger lee he is credible?
data mining?
"margin call gentlemen, u know the rules. all the trades to be settled, at the days end."
"............. u know very well we dont have 394 million..... in cash........."
Well, when Bill Gross agrees with me, he's right.
When he doesn't, well, he's wrong.
;-)
Data has nothing to do with it. Still, that's statement of his is quite a change from that monthly article at which that many were pointing re inflation. Perhaps he got lots of comments about how wrong it was.
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