Wednesday, August 12, 2009

800 done, more to come ...

I see I've written 800 posts since this blog began in early 2007. That's a lot of words and thoughts.

Today I slept in a bit. I had planned to write about a report of Obama's response to a question about the private insurance competing with the government, but upon fact checking this morning, I saw that the report was simply miss-stating his reply. One needs to check facts or serious errors can happen. Too bad the press doesn't do this much.

Russia continues to act like the gangocracy it is. Two more rights activists are murdered in Chechnya. Russia did fight a war to keep that region part of its nation, yet seems to be unwilling to enforce the law there. And Russia's president is openly interfering in Ukraine's presidential election. You would think that he had enough to do in restoring Russia's economy and helping its people, but I guess restoring the old empire is a priority.

Actions

Je ne fais rien ... is French for -> I am not doing anything ... or ... I am doing nothing.

Word of the Day

"Sedulous" - adjective [$10]; "sedulously" - adverb.
Sedulous means involving or accomplished with careful perserverence.
Sentence: Bunkerman works on his blog sedulously.

66 comments:

Bud said...

does nouriel roubini read this blog ??

no double dip recession he says

Bud said...

wsj survey of 47 leading economists


overwhelming majority say ' the recession has ended'

Bunkerman said...

I guess he does now ... maybe he realized he needs the insightful thinking in this sedulous blog.

Bud said...

Bman should Ben be reappointed ?? and what do you think the president will do


i absolutely want him reappointed..........by i don't think the moon cricket will do it......and neither do i think he'll give the job to larry summers

obama wants a 'yes boss' type of fed chairman.......someone like christina romer

Bunkerman said...

the economists also say to reappoint Ben ... "hope" Obama listens.

Bunkerman said...

I fear Obama will not reappoint him. That woul dbe really bad.

Bunkerman said...

that a big reason in my somewhat conservative stance on the market.

Lots of TIPs in Krypto Fund.

Bud said...

Bman should pension funds be barred from trading credit default swaps ??

Bunkerman said...

I just had some hardtack for breakfast. THe Union Army in the Civil War ilved on it. Mine was made in the authentic. It's actually OK with peanut butter ... better than normal crackers as it has no extra salt.

In coffee, though, it's pretty bad even with sugar. The soldies had it that way or fried with bacon.

I'm taking it on the canoe trip to re-enact a bit of the old ways.

Bunkerman said...

yes, no trading them, but buying them to protect against long bond positions is OK with me.

pension funds should absolutly not trade actively at all.

Bunkerman said...

for example, a pension fund might make investments via long term private placements in corporate debt, etc. In a adverse situation, they might have trouble selling that private placement, so buying a credit default swap would be good for them to reduce risk.

Bud said...

Bman what is your take on the IRS v UBS tax case ?? i've never heard ou comment on it.......and i've read about 777 of your 800 posts


being a libertarian you should side with the common man who is tryin to escape an intrusive federal government........thomas jefferson believed a federal government had no right to tax it's citizens

Bunkerman said...

I'm not sure where I stand in general - to me it depends. If the account is being used by the ruling clases to hide income, then I think that's wrong. If it's to keep wealth away from the grasp of the government, that's OK with me.

Most UBS customers are not the common man, by the way. They are the rich and powerful - the ruling classes.

There is a box on the tax form one must check if one has a foreign bank account, by the way.

Bud said...

interesting Bman


so the 'rich and powerful' don't have the same rights and protections as the common man ??? quite the take

mfl59 said...

The public associates Big Ben with Paulson and with bailouts....abd with Wall Street...Ben might as well start moving stuff backinto his office at Princeton...he is as good as gone...

Bunkerman said...

I think my views are rather clear - the rich & powerful have the same rights & protections, but their actions need to be regulated and restricted when they tend to harm the common man.

So when they use they wealth to hire people/banks to help them break tax laws that apply to the common man, they should not be able to buy their way out of the penalties.

Bunkerman said...

That's different from a person of Swiss descent who keeps a Swiss bank account to have ready currency on visits to relatives in the homeland.

[by the way, I know a guy - a common man no doubt - who does that.]

Bunkerman said...

so to me, the Swiss should cough up the big accounts and leave the small ones alone.

But they aren't motivated by principles.

Bunkerman said...

that's my fear, mfl.

Spin-em said...

Youky needs to take lessons from ace...ya never charge out of control..otherwise ya get a 2 point takedown against you...sloppy...those poor frustrated Sox players and fans.....think they can still be bullies but end up on their backs....stick a fork in em ...you homo beantowners are done....

Spin-em said...

Bunk....are detonators an asset class?

mfl59 said...

"Bunkerman works on his blog sedulously"

I feel the sentence should read as follows:

"Bunkerman works sedulously on his blog"

Sedulous is an adverb, describing how you work, not the blog...Therefore the placement of the adverb at the end of the sentence can give the impression of a different meaning...

What say you Bunk?

Bunkerman said...

sedulously is an adverb; sedulous is the adjective.

In this case (not always) it seems to be a matter of emphasis alone. Putting "sedulously" earlier in the sentence gives it more emphasis, while at the end it's more just flatly stating a fact. It could even go first and not change the meaning here.

I like your sentence better, mfl.

a gold star to you ...

Bunkerman said...

detonators ... hmmm

Perhaps in a post-armagheddon economy they would be, along with firearms, ammo, gold & silver, cigarettes, nylons, "les préservatifs", chocolates, etc.

Frosty said...

Bunky..you should be the new fed chair and the bunkers boys will form the FOMC...except for Bud of course...he's not that bright you know.

Bunkerman said...

good idea, frosty.

Bunkerman said...

Congress might be a problem, though, since I've written many times that they are knaves.

Bunkerman said...

and with me calling Obams the Bloviator and Le Grande Boucher, he might not see me as a sycophant.

Bunkerman said...

sure seems like there are few sellers lower ... and that real buyers are waiting to scoop up any crumbs that fall down.

Frosty said...

Bunky...feeling left behind today...clean your scope, those aren't horns.

Bud said...

CVGI

'nailed it' 'high five'

a double in a couple weeks !!!!!


i'm not that bright you know..........but i'm bright enuff to own a remote control......



danke vielmals jim!!!!!!!!!!!!!!!!!!

Bud said...

i may not be bright.......but here's what i do know.......frosty's a phony .......a fraud......a f'ng douchebag



PS......still wanna be friends ????

mfl59 said...

"Way to go Bud"

amateur hour indeed...

Act as if son....

Bud said...

Bob : " Sal.........why you gotta be so rude......so filthy......so nasty ? "


Sal : " Cuz i'm a nasty motherfucker !! "



PS......what movie is that from ???

Frosty said...

one pitch three swings...not bad at all...catch some some pine.

Spin-em said...

look it Haji....that kinda hissy fit might work on Dr Quest and the Peshwar locals...but not around her pal....USA USA USA!!

Bud said...

1pitch 3swings


lmaoooooooooooooooooooo bob

Bunkerman said...

True about being left behind ... Ms. Market wants to punish me for selling the Obama Fund in early July.

At least Krypto is plenty long. Imagine, dog wth more brains then a Ph. D.

Frosty said...

Bunky...short covering on a fed day like elmer still running the show...as we talked yesterday "if the fed can't crush the dollar move who can?"...chasing the tape here could be right, but, what say you Mrs. B, your the best.

Frosty said...

Bunky check these secondaries this week SPH BWP PSB AGNC...how about the largest IPO of the year today STWD busted price...insider sales are through the roof across sectors....T2108 high 80's...bulls 49%...I could go on.

mfl59 said...

Uhhh Bob...the recession is over...the rest is irrelevant...you know that...

Frosty said...

Mike LMAOOO...indeed sir...15 yrs of 5% GDP all will be well...if not now when...oh man.

Bunkerman said...

not chasing here ... but I think my S&P 1200 year end is good.

I'm long enough ... no bad entries for me

Mrs. B is doing nothing but trying to get Sky ready for the sheep herding trials this fall.

Bunkerman said...

she has plenty of longs, too.

Frosty said...

you see if jim is taking new inwestors...been sitting in cash all year...think he is about to make his big move.

Bud said...

why does Bob ( or anyone ) care what mrsB is doin in the market ??? what are her credentials


my gardener buys stocks........do you guys want me to post his trades ??

mfl59 said...

lmaoooooo......he wants to confirm a bull mkt before he moves in....cash since 2006 indeed...

Bud said...

HIG

'nailed it' 'high five'


not too bright i am.......not too bright indeed

danke vielmals jim !!!!!!!!!

Bunkerman said...

also she thinks Obama is a disaster.

I can't argue that except to point out that nothing has yet been passed into law. IFF he implements his talk, it will be bad.

Of course, I am not a trader any more.

Bunkerman said...

Credentials ?

uh Bud ... Krypto is a dog yet is beating the S&P and most hedge funds YTD. And the Sharkfolio I'm told.

mfl59 said...

Bunkerman I'll have you know that the standard deviation of "jim's" returns mirrors that of Mr. Madoff...

Frosty said...

Bunky...some on the FOMC must be ready to raise rates...no way they are in lock step...are they?

Bud said...

CATM

'nailed it' 'high five'


i'm not too bright.......i just buy the stock of the week...........i sure am ignorant



danke vielmals jim !!!!!!!!

mfl59 said...

Bud you see how your hero Youkilis got thrown by Rick Porcello? Thats what Jersey style is all about....perhaps you'd better think of that before you run your mouth again...

Mern USA-Mexico kicks off in 2 hours....come back sir....

Bunkerman said...

no, frsoty, I don't see that at all. They can't reaise raise until job growth is positive for a few months.

Frosty said...

Bunky UUP TBT with a bid...is that you sir...very beefer like indeed.

Bunkerman said...

no, I'm trying to finish "Elmer Gantry" this afternoon. A fine book - Mern would really like it.

Frosty said...

bobbie marcin pissin fire...This "stupid Fed tricks" mentality created the mother of all leverage problems. It got us the bubble, it will cause the meltdown in the dollar and T-bonds.

I mailed him a link to your blog bunky...obviously he need some education.

Bunkerman said...

Good job, frosty. Thanks.

I guess I'll have to explain why inflation might not become a problem. It's so easy ...

Of course one must have read about 100 books on the history and behavior of money and credit for the past 300 years.

Someone like Ben ... et moi.

Bunkerman said...

a course with Fischer Black helps, too.

Bunkerman said...

But if Obama appoints some boob, then head for the gold & TIPs.

Krypto has already hedged her bets.

mfl59 said...

may I suggest going to Shark School instead of a class with Fisher Black? tuition only $6k

mfl59 said...

GOOOOOOOALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL



USA USA USA USA

Bunkerman said...

finished "Elmer Gantry" - what a great book.

Bunkerman said...

shark school ... roflmao

for $6k I can buy 150-300 fine books.

and "his" would not be one of them.

Spin-em said...

THEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

YANKEEEEEEEEEEEEEEEEEEEEEEEEEEEEEES

WINNNNNNNNNNNNNNNNNNNNNNNNNNNNNN!!!