Friday, March 13, 2009

Ferrago for a Friday

Farrago may not have been a recent "Word of the Day", so I'll help: a farrago is a confused mixture; a hodgepodge; a medley. Example: A farrago of doubts, fears, hopes and wishes.

That word alliterates with Friday and fits my post for today - no logical, unified thesis, just a collection of observations and thoughts.

Oh, for any Philistines - an "alliteration" is the occurrence in a phrase or line of speech of two or more words that begin with the same sound.

My, my so much alliteration in this post: farrago, Friday and Philistine.

To work ...

China -
Chinese Premier Wen is quoted in FT as worrying about Chinese holdings of US Treasury securities. “We have lent a huge amount of money to the United States,” Mr Wen said. “Of course we are concerned about the safety of our assets. To be honest, I am a little bit worried. I request the US to maintain its good credit, to honour its promises and to guarantee the safety of China’s assets.”

Dear Mr. Wen: You bought US Treasury T-bills with the $ that US consumers used to buy Chinese products. You use those bonds as reserves for your currency so that someone might think the renminbi is something other that a worthless scrap of paper printed by a Communist, crypto-fascist government. The promise that US made is to give you US dollars (nominal, not real unless you own TIPs) in repayment. If you are 'worried" about those T-bills, redeem then for dollars and come over here and buy some US products or assets. Stop using the US as an engine of growth for your economy. Give you own people some spending power so they can buy more US products. Otherwise, shut up.

Madoff -
Madoff says he's sorry ... sure ... he's sorry he got caught before he could die in peace in his apartment. So far, it looks like about $17 billion actual $ were invested. Apparently this Blogger was correct as where most money stole Madoff went: taxes, fees, his front operation and his lavish lifestyle.

Expectations -
Are very low. The WSJ has a big, high-five, headline cheering that the DJIA broke 7000. Wow. Gosh. amazing.

Markets

Obama Fund is fully invested, doing nothing. Fido Fund is fully invested, doing nothing. Krypto Fund is as invested in stocks as possible, but is quite underweight. It's sutructurally unable to transfer more $ to stocks as its remaining bond investments are locked up in non-tradeable fixed income investments and must fund the shortfall with new money.

Word of the Day

Demijohn - noun [$10]; a Mencken word
Demijohn means a bulbous narrow necked bottle holding from 3 to 10 gallons and usually in a wicker cover.
Sentence: If ever a new bull market has clearly begun and world economic growth is strong, Bunkerman thinks that perhaps fireworks, barbecues and celebrations with demijohns of one's favorite spirits are in order.

Le Mot du Jour

Niveau - noun, masculine; plural niveaux
Niveau means level: le niveau de l'eau - water level; au niveau du sol - at ground level; de niveau (avec) - level (with); niveau de vie - standard of living
La Phrase: Le niveau de vie du peuple des États-Unis a chuté dernièrement.
Sentence: The standard of living of the common people of the United States has fallen recently.

34 comments:

Spin-em said...

good flow today bunk..I enjoyed the melange of subjects...

Bud said...

was justice served yesterday ?? NO


bernie is going to jail for life wether he cooperates or not .......so he not sayin a word


until every last penny is taken from the wife, brother, sons and any others in the scam........i will say bernie got away with it



let's take bernie down to Gitmo and let the cia boys get him to talk......shouldn't be too difficult.........he's lived a luxurious soft life........he'll talk right away

Bud said...

oh forgot........bernie



'hogs at the trough'

Bud said...

couldn't agree more Bman


the f'ng gooks are acting like they got those dollars on their own.....thru innovation and domestic demand.........those dollars came from america's families



PS.....china ticking time bomb.......if the US economy gets worse........the politburo will have to deal with civil unrest and a violent revolution..........tianaman part 2



PS.....costa rica.......yeah right.........daniel ortega part 2

mfl59 said...

Jon Stewart embarrassed Cramer last night....finally someone took him to task right to his face....Cramer had nothing to say...

unlike other "experts" who bash him behind his back, and then kiss his ass to his face....sound like anyone you know Bud?

Bud said...

'lent a huge amount of money'


lent ??? huh ?????



lmaoooooooooooooooooooooooooooo

Bunkerman said...

yes, Bernie is playing omerta to protect his extended family.

Bunkerman said...

Bernie would talk with a few shots to the kisser.

Let the union boyz he scammed have an hour with him.

Bud said...

listen ace........you actually watched that ??? now that's embarassing


i have both those bitches on ignore.......what was i doing........


takin a golf lesson........no wonder my yardages are lame.......saw my swing on video....it's ugly.......off my back foot....swaying.......no weight transfer

that's ok......i'll get it fixed......$400 for 5 1-hr sessions


6 150 .......pffffffffffft



PS.....don't worry about my strength......lace'em up ace.....let's get in the ring.......what's that?? nuthin ?? yeah......i didn't think so

mfl59 said...

atta boy....I like a guy with some fire in his belly....

but golf lessons? come on now son....you find your swing in the dirt....Hogan never took a lesson in his life...

Bunkerman said...

oh, at the range yesterday, I put 50/50 into the silhouette target with the Uzi from 25 yds (two 25 rd mags) ... long bursts

No lessons needed here.

Bud said...

really ?? i love lessons

in fact...........if joe torre jr keeps this up........i thinkin of either the dave pelz short game clinic .........or david leadbetter golf academy ..........both around 3500bux


PS.....'keeps this up' = winner after winner after winner this week


PPS...........i'm not gonna allow anyone here to besmirch or soil joe torre jr's reputation......no one

Bud said...

'Uzi'

'no lesson needed here'



LMAOOOOOOOOOOOOOOOOOOOOOOOOOOOO

Spin-em said...

"really ?? i love lessons"

I bet yo do....when he comes from behind and puts his strong arms around you to show you the proper grip.....that aint a putter sir

lmaoooooooooooooooooooooo

Bud said...

aaaahhhhh.......the sweet smell of victory


after calling me immature and classless...........spin has had to finally give in and here come the queer jokes.......i love it!!


'mission accomplished'




well played......well played indeed 'SKF queen'

mfl59 said...

no worries spin...when we win the summer league title this year, we'll have he last laugh...while Bud is dropping thousands of $$$ to some prick who takes an hour to show him how to grip the club...

Spin-em said...

i have both those bitches on ignore.......

just proving a point

took 5 minutes to smoke him out

EZPZJAPANEZ

loooooooool

Spin-em said...

you've got that right mike

shake n bake..lmaooooo

mfl59 said...

Obama.."This crisis isnt as bad as we thought"

omfg...use fear to get the pork through Congress....and now all the sudden its not so bad...Lzzrd needs to dunk on this guy when they meet in a pickup game in Chicago...

Spin-em said...

Bernie..if your not going to finish your mush...save it..we can use it to make some toilet booze for the Sat White Power party

Bud said...

anyone hear about a some legislation brewing on capital hill


'minimum holding period' for stocks..........they want to ban day-trading

Bunkerman said...

uh Bud ... whatever designer drugs you are taking is inducing serious paranoia.

I've seen black helicopters fly over my house.

But not even I worry about that crap coming out of DC. It's just fund raising bs.

Boob bait for the bubbas.

Spin-em said...

I heard Obama talk say "short term gratification" yesterday ..thats about the 4th time Ive heard him say it.....

Spin-em said...

I dont think Buds nuts on this one....

mfl59 said...

somewhere John Bogle just cracked open a beer and smiled....

I say a minimum holding period of 5 years is reasonable...

Bud said...

i wonder if Bman has any of those over the shoulder stingers............if he's not lying about his numbers

i think he could take out the next black helicopter easy


'no lessons needed here'

Bunkerman said...

no stingers, Bud

... not the shoulder variety.

;)

maverick said...

Bogle drinks? ROFL

Spin-em said...

blood

Spin-em said...

Bud...Is that you Mantis style loading ur backpack with TRBN???

Bud said...

i be buyin some nice french silk turbans this weekend


what a week !!!!!!


'thanks jim'


PS.......Bob you workin on my 'ops expo open interest spreadsheet' ? private email it to me sunday nite.....tia

mfl59 said...

zzzzzzzzzzzzzzzzzzzzzzzzz

Bunkerman said...

enjoy the weekend - to be warm & sunny here at last.

Spin-em said...

Bunk kicked azz this week attaboy..good for you..keep on barkin Spike!!!..cya monday boyz