Woke up late, but from the news, it's SOS.
One troubling item: the stories about Obama spending billions creating "green" jobs. Maybe true or maybe the well-connected greenies are using their press megaphones to sell their crackpot schemes. "Green" jobs are the greenie equivalent of Krushchev's crackpot schemes to grow grain where nothing can grow, or Lysenko's dangerous theories.
Let me make this simple and direct: everything about "green" jobs and "alternative energy" was discovered, and tried in the late 1970s. It all failed. It fails as the laws of physics and economics still apply on the Earth. Environmental delusions and dreams are just ... delusions and dreams.
Without endless subsidy, green jobs are just make work ... like paying someone to dig a hole and fill it up, then repeat. the behavior.
Markets
Doing nothing .. working on my list.
Word of the Day
Paralogism - noun [$10] a Mencken word
Paralogism means 1. a fallacy; 2. illogical reasoning (especially of which the reasoner is unconscious).
Paralogist means one who practices or acts with paralogisms.
Sentence: Whether the environmental advocates of "green jobs" are quacksalvers or merely paralogists, they try to impose imbecilic ideas on the US government, corporations and the public.
Dear Sal,
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the new presidents appointments last nite said it all.............all global warming/climate change worshippers..... lefty greenies
ReplyDelete1 chinamen and 3 lesbian lawyers......the spear-chucker won the election......he gets to appoint whomever he wishes
personally i don't think Obama believes all the green jobs crap......but he needs the far out wacko left......and he has to pay them lip service
ReplyDeleteyes, troubling, Bud.
ReplyDeletehearing the spear-chucker will appoint new Iowa St coach
ReplyDeleteNovember CPI YoY +1.1% vs +1.5% consensus, prior +3.7%
ReplyDeleteNominal converging to core ... I wonder when Poole, etc. hawks admit error and resign.
oh no.......that would be a disaster.......it's possible though......the spear-chuckers iowa caucus victory told dems he cud beat hillary.........he is quite popular in iowa
ReplyDeletei better get an email out to the athleticdirector that i will am witholding my annual contribution of $100 to the cyclone club in case a shine gets the head football coach job
"in case a shine gets the head football coach job"
ReplyDeletelmaooooooo
Gene Chizik over Turner Gill???? uhhhhh....anyone else smell a rat?
i'm so sick and tired hearing about turner gill....wtf has he done
ReplyDeletebuffalo ??? the mac ??? come on......even clemson cud go 500 in that league......well.....maybe not clemson.......but y'all know what i'm sayin
just when mern becomes a Big Brother....we lose Grand Wizard Secada.......
ReplyDeletefat andy can really coach, at home, against a team that wud lose to USC.
ReplyDeleteanyone notice desean jackson, thought he was starting but ran to the sidelines before they broke the huddle.
how does that happen? fat andy does not communicate well!
having your rookie wideout throw a wounded duck into the endzone, just plain dumb.
as all the boyz on espn pointed out last nite, donny is a top 5 qb, but for only 22 games in his career did he have a legit #1 wideout.
i just hope the bucs and falcons run the table with the birds. then they iggles lose out even at 10-5-1. hopefully that gets lurie to fire that fat idiot, and keep the gud fatty at qb.
but the bucs will choke against the chargers, gut says.
I think I heard "jim" whisper to someone, "little baby Bud is all grown up"....how proud he must be....
ReplyDeletethis just gets more mind boggling by the day.
ReplyDeleteIn 2000, Madoff served on the government's Advisory Committee on Market Information, established to protect investors by ensuring accurate and full public disclosure of information to them.
well glad to see norman braman got schooled. jerry robinson must be laffin his azz off!
"Fed funds contracts are currently trading at 0.15 percent, which means that any rate cut by the Fed will only be symbolic"
ReplyDeleteBunky getting sick of hearing this...mortgage rates will respond, credit card rates will respond as will the US prime rate, which still matters to the smaller banks, it's not all about libor. The common man and small business ownner luv's there local bank and credit union.
correct frosty.
ReplyDeleteI'm tired of this trader-dollar focus.
low Libor help lots of people, though, who have floating mortgages geared to it.
Prime is more important to the commmon man, though.
many home equity loans are geared to the Prime rate
ReplyDeletespeaking of nickel and dime saving and loans...Mr Gower had a helluva right hand slap.....Hope thats not what Merny means when he breaks poor lil Christopher down....
ReplyDeletemern if i may suggest....the pumpkin muffin at dunkin donuts is quite delectable....of course you'll need to get a good hard sweat going afterwards to burn off all the calories...
ReplyDeleteLMAOOO...indeed Spin, it is a wonderful life..."can I call you daddy...someday I want a miniheater just like you...oohhh, I already do, check that, how bout a gameboy."
ReplyDeletereport card time Bunky...think you moved to the eurotrash grading curve last period and rasied ben to a C+?...what moves that grade point ahead of winter break and skiing in Vail.
ReplyDeleteTo cornerback Asante Samuel, who became the second Eagle this season to forget that you have to cross the goal line before you throw away the football. Samuel stepped in front of a Ken Dorsey pass intended for Donté Stallworth in the second quarter and returned it 50 yards for a touchdown, sort of. He boneheadedly threw the ball away just before he crossed the goal line, making it a free ball. Fortunately for Samuel, linebacker Stewart Bradley realized Samuel's gaffe and alerted him to pick up the ball before the Browns recovered it.
ReplyDelete* Don't look now, but the Eagles' red-zone problems have returned. They converted just two of five red-zone trips into touchdowns after going 0-for-3 inside the 20 against the Giants. Overall, they are 27-for-56 (48.2 percent) in the red zone this season.
* To quarterback Kevin Kolb, who threw another interception that was returned for a touchdown in his fourth-quarter cameo against the Browns. Kolb has thrown four picks in just 34 attempts this season, which is no way to convince an organization you're ready to be the starting quarterback in 2009.
all of these r fat andys fault!
astante and dejack r andy faves. y r they so dumb? who knows, but i bet astante never did anything like that for bill in new england.
the birds play calling in the red zone is an abortion! and reid is dialing up the plays down there.
and to andy and any other idiot who thinks kolb is the next great QB. he has thrown 2 tds this yr on 34 attempts. but they have both been to the bad guys.
sure glad the eagles used their first pick in 2007 to draft instead of say a legit #1 wideout.
now there is a site!
ReplyDeletebob attempting the back bowls of vail!
what do u take the lift up, take a few pics, then take the lift back down and just get drunk all day?
frankly i think those bowls are about as beautiful thing these eyes have ever seen.
they will tear your knees up, but its worth it!
so frosty, u get nice and jacked up to about 40 mph, hit a mogul, do a helicopter to impress the chix?
Since Ben has been doing my bidding since October, this term he gets an "A" ... so far.
ReplyDeleteI am very pleased the monetary base is up hugely. Finally.
What grade do you give to your boy Hank Paulson Bunkerman?
ReplyDeletepaulson gets an F minus!
ReplyDeleteif i was a slut, id get short here and short some more if there is any pop at 215.
i dont think the real buyers are up here and the feds tonic, is piss water.
i give Hank an A
ReplyDeletei don't even want to think where we'd be without him .......perhaps armageddon ??
in a few years Hank will be vindicated big-time........they will be writing books and teaching courses at business schools on how he averted the Greatdepression2
wasn't Paulson one of the yokels who begged to let investment banks get levered to the gills back in 2004?
ReplyDeleteFor that he cannot get an A...
paulson gets an F minus!
ReplyDeletei give Hank an A
Get a room.
Hank gets A. Libor proves it as does no more bank failure fear.
ReplyDeleteI grade by the term, mfl, not a lifetime garde.
ReplyDeleteI don't understand that business four hears ago. No one ever regulated investment bank debt at holding company level.
amazing.
ReplyDelete0 to 0.25% range.
buying agencies, etc.
inflation hawks vaporized.
ReplyDeletelong term bullish. Way to go, Ben !!!
ReplyDeletegetting my gold $100000000 hat printed up as we speak....
ReplyDeleteI own plenty of gold.
ReplyDeleteTIPs, too.
I always "protect myself at all times"
my paper trade get an f minus!
ReplyDeleteso i called my money manager and after we got LOLing at how crazy all this is, i asked him what current butter rates were going to.
he thought maybe 3.5 to 4%.
so i asked him. "do u think it wud be a bad idea to start buying tax free, AAA munis, in florida, trading at 80 cents on the dollar, with a YTM of almost 7% tax free?"
he wasnt sure, but said it sounds crazy but he does not think thats a bad idea.
am i crazy for thinking about doing that?
i forget is butter tax deductible as well.
i can borrow money at 4%, take a deduction and then put the money into AAA paper at 7% tax free.
thoughts?
tia
what a move by Ben........i luv that guy !!!!
ReplyDeletecan Ben coach football ??? opening at iowa state wud be perfect for him
ReplyDeletemargin is not deductible if used to borrow munis.
ReplyDeleteBman can you explain in easy words what the fed did today ?? maybe in your morning post tomorrow
ReplyDeletei am not sure what just happened......but......gonna be able to afford an extra slice tonite......large coke too
'thanks jim !! '
Sounds OK mern, if done in reasonable leverage.
ReplyDeletediversify the names.
How much of FL bonds are backed by RE taxes ? Watch out for those.
Bud why not save for a plasma tv for your bedroom closet? or perhaps a parcel of raw land?
ReplyDeleteuh Bunky...pomps pomps out, three cheers for my heros, yet you have no exposure to the fins...have you no shame sir.
ReplyDeletethx for the input, ill ask
ReplyDeleteI have some on my preliminary Santa's list, but haven't bought yet.
ReplyDeleteI buy dips, period.
Mrs. B has HBC.
RE = Real estate?
ReplyDeletecheck the tax issues, mern. Something in the back of my memory says munus bought with debt are not tax free.
ReplyDeleteIf they find out, of course.
Predictions for Tomorrow: we will hear the US becomes Japan bear case.
ReplyDeleteyes, real estate.
ReplyDeleteif home prices fall, do real esate taxes fall ? -> meaning default risks.
not all states do it teh same way - in MA, RE taxes are fixed at $ levels, not % of price.
explain how the US is not Japan.....non posters are curious...
ReplyDeleteSam Wainwright..BIDU...OPPORTUNITY of a lifetime
ReplyDeleteyeah Bman...........hearing US is japan??? why they sayin that
ReplyDeleteadd that to tomorrow's post
all i know about japan is that the men are a bit short and they eat raw fish
ReplyDeleteF those yellow savages
Japan has, and had, an export driven economy, not consumer demand driven as US was and is. Besides, Japan never went to printing money - yen never fell much. On and on are the differences.
ReplyDeleteI'll add more tomorrow.
i asked my money manager (who has been a muni trader for almost 30 yrs).
ReplyDeletehe said he will need to look at my portfolio but he thought my exposure was rather limited to real estate becuase when he bought for me, he was cognizant of the decling revenues for the state.
we didnt discuss if using butter, takes away the tax free rub.
then we discussed when/if the fed starts to raise rates. but we figured if that happens buying at 75 and 80 cents on the $, the capital appreciation will more than offset the increase in butter fees.
i may take 20% and margin it.
i can take my time and be sure im am not making a big stupid decision, again!
like my QID long at 68, in 2006.
the US consumer is a debt ridden mockery....take rates as low as you want...they are still in debt....that cant go on forever...
ReplyDeleteAfter they refi those home loans at 4.5%, their cash flows might look OK.
ReplyDeletelol at least those with jobs.
ReplyDeletecheap gas, low home loan rates ...
I'll re-fi at 4.5% for 15 years.
I thought I'd never in my lifetime be able to re-fi my 30 year 5.41% loan - might not be true.
By the way, US consumer is a population distribution - many are not very leveraged on credit cards all.
Other debt rates fall with Fed cuts.
can't refinance homes that have zero or negative equity...
ReplyDeletemillions upon millions of homeowners have huge equity.
ReplyDeletethink of the distributiosn across time and space.
ReplyDeleteNot everyone lives in CA-FL-NV-AZ and bought in last four years.
In another time's forgotten space
ReplyDeleteyour eyes looked through your mother's face
Wildflower seed on the sand and stone
may the four winds blow you safely home
Not everyone lives in CA-FL-NV-AZ and bought in last four years.
i resemble that comment, but i paid in cash for everything.
maybe ill take into my equity if i cant sell the stupid thing.
this is my reward for being fiscally conserative and prudent.......................................
cash????where'd the skim come from???..lol
ReplyDeleteof course you paid cash.........cuz that's what you were paid in
ReplyDeletered book for us...blue book that we show to govt....now I understand why Cindy got 45k....a lil hush money goes a long way..well played sir...lol
ReplyDeleteMVP MVP MVP
ReplyDelete