Monday, November 16, 2009

Monday Morning Ramblings

Not much is happening.

Climate change policies are grinding to a halt, as the delusions of the Greenies are running into hard costs and political reality. That Greenie "dream' will either disappear (good) or turn into a nightmare for the common man worldwide.

Obama is bloviating in China.

The Japanese economy grew better than expected, a solid 4.8%,

The Federal government is thinking about putting Guantanamo prisoners in a prison in Illinois. That's good - put them in Obama's backyard. He's foolish to bring them to the US, so let his state bear that burden.

Actions

I bought some more tax-free bonds Friday: state tax free, too, rated AA, 30 years, 10 year call, yield to call over 5%. Why do "savers" leave money in money markets when they can get these excellent rates on good credits ? These bonds are a screaming buy. By the way, this is Krypto Fund money - my long term investment fund.

Book of the Week

Uncle Tom's Cabin by Harriett Beecher Stowe. I read this book for the first time a couple of years ago, but of course, I had heard a lot about it for years. This book was published in 1852 and helped to bring to the people in the North the brutality and capriciousness of life under slavery. I have mentioned it in this place a couple months ago (September 3, 2009) as perfect example of the truth of the "philosophical thinking of David Hume and Richard Rorty on matters of empiricism and pragmatism ... that one must read "good fiction to understand the minds and feelings of others and also situations that one cannot experience with one's own senses."

The book in available in many editions, but I recommend "The Annotated Uncle Tom's Cabin", edited by Henry Louis Gates and Hollis Robbins. This edition has numerous illustrations from newspapers and books of scenes and provides excellent historical context and literary analysis. This edition is available on Amazon.com.

By the way, the book also brings out the flaws of even "good" slaveholders: when they die, the slaves can be sold at auction like other property, splitting families and mothers from children. This happened to the slaves of Thomas Jefferson. George Washington freed all his slaves and those of his wife upon their death, and he provided for their retirements. This is a good example of deeds over talk.

Word of the Day

"Dissimulation" - noun [$10]; an old one from the card file
Dissimulation means to hide under a false appearance.
Sentence: Climate change policies are the dissimulation of global economic authoritarianism under an environmental cloak. The objective is to massively increase governmental power over the lives of the common man and limit his freedom. The ruling classes want to control him like a serf on a manor.

32 comments:

Bud said...

do chinese central bankers read this blog ?? from the ft today


The US Federal Reserve is fuelling “speculative investments” and endangering global recovery through loose monetary policy, a senior Chinese official warned on Sunday just hours before President Barack Obama arrived in China for his first visit.

Liu Mingkang, China’s chief banking regulator, said that the combination of a weak dollar and low interest rates had encouraged a “huge carry trade” that was having a “massive impact on global asset prices”.



what a world we live in now..........chinese communists understand how markets work.........US doesn't

Bud said...

buyin tax-free bonds ?? huh ??? well...........that appears to be smart


but wait Bman.........weren't you the one pissin and moanin for years about the 'unfairness' in the tax treatmnet of these bonds ?? i guess if u can't beat'em....join'em

Bud said...

dr bernanke.........timmy geithner.........and barack obama are playing a very very dangerous game


they think inflation is somethin that can be controlled like a tap.........turn it on and off as you desire...............inflation and bubbles don't work like that


i know politicians are delusional...........but i expected alot more from policy makers...........bernanke knows better

Bunkerman said...

true, Bud - I am partial free-loader now.

Also, all of Obama's tax plans leave these exempt

But I did propose a health plan that would tax them.

Bunkerman said...

The Chinese are griping because they are stuck.

Bunkerman said...

I don't think Red China has the best interests of the common man in America in mind.

Frosty said...

Bud sounds like you killed the book this weekend...well played.

Frosty said...

BA...management, the wetdreamliner will fly this year...they must read the blog Bunky...."I will break you frost"

Bunkerman said...

hope you are not bleeding too BAdly, frosty. Just a nick so far ?

It might get a lot worse when the "dream" become real

;)

Spin-em said...

bunk...how many gallons of water do you have stored for the big one??

Bunkerman said...

I don't store water; I figure I'd have notice, plus the river nearby is rather clean and I can filter it's water anyway.

Spin-em said...

I was afraid of that.....are you going to fly,not touching the ground on the way to the river??? aaahh...just take your shoes off...keep the Cesium-137 in the mud room....come onnn bunk..lol

Bunkerman said...

if it's that, don't forget I have a stockpile of radiation pills.

Bunkerman said...

I can store 100 gallons fresh given 30 minutes notice.

Unlee the hit is very close, I'l get that much notice easily.

Bunkerman said...

and unless the hit is very close, town water (from wells) will run awhile.

Bunkerman said...

going to MG range

practice, practice.

Frosty said...

Bunky...nonoo worries, BA has been a honey pot...money in move lifts all boats, even a pig like BA.

Frosty said...

Sal...are you moving out to dec spx 1140 this week...thanks in advance.

Bud said...

do i do that this friday frosty ??


ibkr keeps givin me that stupid popup that z9's are expiring ................but don't the emini traders trade the december contract well for 2 more weeks ??


remember i am an 8th grade pitcher

Bud said...

i have far exceeded my expections in the emini's...............i was prepared to pay a 10k tuition ( i.e. lose that much ) before i thought i would go green


but lo and behold.............i got some skills............i am prolly up over 10k in eminis.......not bad for an 8th grade pitcher



"look at me bob!!!..........i am the greatest......i am the best..........i know how to make money trading..........i love me some me"

mfl59 said...

"i am up 10k"

the common man is in pain...the economy is in ruins, despite a beffer induced spike higher in stocks....and you are yammering about how much you are up...come on son...

Bud said...

dollar lows for the year


Bman how can you stand by idly and watch the destruction of america.......every day wealth evaporating

disgraceful Bman..........your Sherman ancestors gave their lives for the Union......and you...........learning how to say 'what time is it please' in 14 european languages while the country getiin destroyed



shame on you Bman

Bud said...

how do you say 'shame on you' in french ?? in polish ??

Spin-em said...

lmaooooooooooooooooooooooooooooooo

Frosty said...

your trading futres and options unaware of experation cycles...not swinging that 58 fooottteeerrrrr pal....well played Sal.

mfl59 said...

I dont think Bman cares about the us dollar...as long as beefers gun his stocks higher, all is well....

Frosty said...

MCD taking profits from last month, thx Mrs B your the best...need a bigger kbar...you know what I mean.

Bunkerman said...

back. excellent, as usual.

mfl59 said...

Meredith hasnt been this bearish in a year...please hit the sell all button Bunkerman...please

Bunkerman said...

sheesh, guys, the dollar was at 1.60 euros a couple years ago ... its about 1.50 now.

What, me worry ?

Bunkerman said...

Molotova bearish ... uh ...

Does a bear *&^$ in the woods ?

Spin-em said...

loooooooooooooooooooooooooool