Friday, October 31, 2008

Friday


Friday, originally uploaded by Knotty.

Lost in translation

From: Misao
Sent: 31 October 2008 12:54
Subject: Health Check up - 2008 Check Items

Dear all,
This year's health check up will take place from mid November. Specific schedule is followed in due course.
Below it the check up items and things to note.
(1) Height, weight, waist measurement, hearing, cardiology test, hand power test
(2) Urine related tests: Check for blood in urine, Ketonbodiesinurine, glucose, urineaurobilinogen, protein, and PH test
(3) Blood Pressure
(4) Cavity thump tethescope diagnosis(test conducted after thumping parts of cavity)
(5) Blood related tests: RBC/Hb/WBC/Ht/GOT/GPT/gummer-GTP/T-BIL/TTT/ZTT/ALP/BUN/CRTN/UA/AMY/LDL-C/HDL-C/TG/GLU
(6) Direct Chest X-Ray
(7) Stomach X-Ray using Valium
(8) Cardiovascular test
(9) Echo test on the liver, pancreas, gall bladder, ect.
(10) Eyeground check
(11) Feces check for blood

Note: Please finish your meal before 8:00pm on the previous day to your testing. Please do not eat or drink liquids (water, coffee, or tea) before the test on that day. Please also do not smoke before the test on that day.

If you wear corrective contact lenses, you will need to take them off for an eyeground check so don't forget to bring your contact lenses case.

============================================================

From
: Knott, James
Sent: Friday, October 31, 2008 2:09 PM
To: Misao
Subject: RE: Health Check up - 2008 Check Items

"(7) Stomach X-Ray using Valium"
"(11) Eyeground check"

Interesting.. new Japanese procedures?

============================================================

From
: Misao
Sent: 31 October 2008 14:25
To: Knott, James
Subject: RE: Health Check up - 2008 Check Items

We had this last year, too. Did you skip it ?

Greek?


Greek!, originally uploaded by Knotty.

Thursday, October 30, 2008

Hodgman

"New Orleans: What is the force of a Chuck Norris roundhouse kick?

John Hodgman: The force of a single roundhouse kick from Chuck Norris=one American Chuck.

In England, however, they use the old Imperial Chuck, which is the equivalents to 1.34 American Chucks.

That is all."

Author and "Daily Show" Resident Expert John Hodgman was online at the Washington Post to discuss his new book, "More Information Than You Require."

"Hodgman, a self-described "famous minor television personality," is also author of "The Areas of My Expertise," a frequent contributor to Comedy Central's "The Daily Show" and the radio program "This American Life," and is perhaps best known for his portrayal of "PC" in a series of commercials for Apple Computers."

Snow

"Parts of south-east England had more than an inch of snow last night while London experienced its first October snowfall in more than 70 years as winter conditions arrived early.

Snow settled on the ground in parts of the capital last night as temperatures dipped below zero. A Met Office spokeswoman said it was London's first October snow since 1934.

For greater south-east of England it was the first October snow since 1974. High Wycombe in Buckinghamshire had 3cm (1.2 inches)." guardian

I lived just outside High Wycombe as teenager, and went to school there for a number of years. Global warming? Ride a bike.

Cut

"The Fed cut interest rates by half a percentage point to 1 per cent on Wednesday. The move comes as the world’s major central banks are all now easing or set to ease rates in what is a global effort to combat the downturn." ft


"The Fed’s half-point cut in its Fed Funds target does not address the leverage and credit issues in the banking system. Indeed, by penalizing savers it worsens the economy’s supply/demand imbalance for funding. The cut doesn’t solve short-term problems and worsens long-term inflation worries.

The banking crisis was not caused by over-high interest rates. Its two main causes were large and unknown housing-related and other credit losses and an urgent need for banks to reduce their leverage. Those problems are being addressed by huge Fed liquidity doses and plans to directly inject $250bn of new capital into banks via the Troubled Asset Relief Programme. Reducing already low interest rates will have no significant effect in alleviating the causes further.

With the consumer price index up 4.9% in the last year, savers have been receiving sharply negative real returns. The Fed cut potentially worsens this problem. Such low interest rates discourage saving and encourage borrowing, precisely the reverse of the appropriate prescription for the US economy. Much higher rates, giving savers a real return and bringing supply and demand for funds into equilibrium, are needed in the long term.

The Fed has avoided addressing the significant inflation in the US economy, and now appears to think that problem has solved itself. Yet its rate reductions late last year amplified an unprecedented commodities bubble, which has only been reversed by the current global downturn. With monetary and fiscal policy both wildly expansionary, there must be some risk of the commodities bubble re-inflating.

There’s nowhere now for rates to go but up. The sooner the central bank can reverse course, the better." breakingviews

Wednesday, October 29, 2008

Volkswagen

You may have seen this in the news.. it's great.

"Volkswagen briefly became the world’s largest company by market capitalisation on Tuesday after an extraordinary share price surge that raised fears that hedge funds and other traders could collapse after betting on a fall in the stock.

The continued surge – triggered by the revelation on Sunday that Porsche had a much larger interest in the carmaker than many traders had realised – sharpened criticism over the level of disclosure and regulation in German capital markets.

VW’s share price rose 82 per cent to €945 following Monday’s 147 per cent jump, leaving it with a market capitalisation of about €287bn ($370bn), making it the world’s second-largest company ahead of Wal-Mart, General Electric and Microsoft.

At its intra-day peak of €1,005, its market capitalisation exceeded Exxon, the US oil company. This has raised fears over a “squeeze” on traders betting on a fall in Volkswagen shares through short-selling – the practice of selling borrowed shares in hope of profiting by buying them back later at a lower price and returning shares to the lender.

A manager at a large hedge fund said: “The losses will be extreme. I don’t think it is going to bring down a big fund, but it will probably bring down some small ones.”

There was widespread expectation in the markets that the huge rise would push some fragile hedge funds – who bet on VW’s shares falling – to collapse with losses estimated at €20bn-€30bn.

Bafin, the German regulator, repeated its comments from last week that it was monitoring, but not formally investigating, the share movements."

ft

Basically Volkswagen, a mediocre company in fundamentally the worst auto industry environment in decades, quadrupled in value to become the most valuable company in the world. Why? Hedge funds were all on the wrong side of a short trade. Porsche has been messing about in VW shares for some time trying to get a majority holding. The HFs would have been short given the economic outlook. Porsche popped up at the weekend and basically said 'by the way we have loads more shares than you thought we did', the HFs realised they were playing in a much smaller space than they had originally thought (the' free float' of tradeable shares was smaller than they thought given Porsche's holdings) and got out. It would seem at any cost. Ouch. This isn't over. The regulators will have to have a look, but keep an eye on Porsche's profit this year..

Election

This website is a simple timeline presentation of popular and electoral voting data from all U.S. Presidential elections. Very interesting.

In election news..

Charles Barkley to run for Alabama Governor in 2014. When asked if he was serious, the former Philadelphia 76er said, "I am, I can't screw up Alabama." He added that his native state could only improve. "We are number 48 in everything and Arkansas and Mississippi aren't going anywhere."
thehill

In finance..

Iceland's central bank raised the benchmark interest rate to 18 percent from 12 percent.
bberg
(that would change your monthly mortgage bill a little bit)

And finally.. if you wanted to know what the market did today, click here.

Tuesday, October 28, 2008

Speeding British Muppet

"Someone in Germany is driving an automobile built for UK roads and has installed a Muppet in the passenger seat. The speed cameras in Germany are made to take photos of drivers who sit in the left side of the vehicle, so drivers of UK-style cars driver can't be easily identified

A German police source said: “The number plate is not enough. We need clear evidence of who is driving the vehicle too.

“But because this is a British vehicle we can never get a decent picture. The driver has obviously worked this out because he has placed a large puppet in the passenger seat.

“The driver has been caught on camera on several occasions and the puppet is on the passenger seat every time. We suspect he positions the toy deliberately before accelerating past the camera.”"

boingboing

Fabulous.

For the sniper..


Definitely the nearest I'll get to a Ferrari in the next few years.. (90quid - not even if it was free)


Milly is going to love her Titanium framed tricycle though.. (500quid - holy moly)

Theatre

"Wall Street took the whole world "for a ride" and now a handful of Wall Street's erstwhile princelings have shifted ceremoniously into US Government service to "fix" the problem with a "toolbox" containing a notional two trillion dollars. This strange exercise in financial kabuki theater will shut down sometime between the election and inauguration day, when the inaugurate finds himself president of the Economic Smoking Wreckage of the United States. What will happen?

For instance, Mr. Hank Paulson will have to answer why his own firm of Goldman Sachs set up a special unit to short its own issues. It will be edifying to see how they answer.

The new president will have to be Franklin Roosevelt on steroids, with some Mahatma Gandhi and Florence Nightingale thrown in."

cfn

Monday, October 27, 2008

Sunday, October 26, 2008

Takao Attack

Thoroughly enjoyable Sunday ride, Takao and back, thanks to David, Bryon, Ben and Dominic.
Left home just after 6:10am, met Ben in Hiro-o, Bryon and Dominic at Ebisu, then off out to David's house. Straight down the Tama as usual, said bye to Dominic around 7:30am who was on kid watch duty and had to get back home, an hour later we were at the Seven-Eleven in Takao, not too shabby at all. Raining however! We set off to do the Otarumi TT. What started as a half-hearted attempt became far more serious as Ben took on the pacemaking at the halfway mark providing an excellent wheel to hold onto. I only fell away in the last few metres, but we both held our own against a couple of local (and much lighter!!) domestics. I timed both from the Family-Mart at the Takao Crossing and at the Seven-Eleven further up the road, stopping the clock at the brow of the hill. 20:09mins 7.39km or 15:20mins 5.35km. We re-grouped and headed back to Takao. My brakes are really rubbish in the wet, scary almost, the 'cork' blocks on carbon rims give me no confidence whatsoever, but made it back down with no drama, if a tad more slowly than my companions. After another quick pitstop in town, we headed for home. One final quick stop for more fuel at the Tama Seven-Eleven and then back along the river. One flat for David, quickly changed in just a few minutes and we were back at his house before you knew it. Back up Komazawa dori for the rest of us, I was home at the strike of midday. Perfect. Garmin download is here.


View Larger Map

Saturday, October 25, 2008

Friday, October 24, 2008

that place again, must be friday


that place again, must be friday, originally uploaded by Knotty.

What a week!

You betcha

"Now, finally, we have very solid planks in the platform that will allow us to build an even stronger foundation for our country. It's all good and it's encouraging. You would maybe have assumed that we would have gotten further away from those strong planks. But no, they're there, they're solid, we stand on them and again I believe that it is the right agenda for the country at this time. Very, very clear and contrasted tickets in this election November 4th. People are going to see the clear contrasts, you just go to the planks in our platforms and that's where you see them.

But Dobson isn't finished. He has a follow up. This must be what hell feels like."

huffpost


She is just awesome.

Thursday, October 23, 2008

Economic conditions by Walmart

"On Main Street, times are getting very tough, very fast and sales statistics at Wal-Mart again provide insight into just what's going on inside the mind of your average American as detailed in this report in USA Today." tmtgm

  • Cash-strapped consumers are buying baby formula at the start of the month when they are more likely to have money. In the past, he said, the chain hadn't noticed such surges in formula sales.
  • A double digit decline in the use of credit cards in the second quarter. "Credit has been declining dramatically," said Castro-Wright, the Ecuador-born executive who has run Wal-Mart Stores USA for three years. "That decline in credit means people have to make choices about how they spend their hard-earned money. "They have maxed out on their credit limits."
  • 80% of consumers surveyed by Walmart say "personal financial security" is their top concern. Formerly, it was the price of gasoline. More consumers worry: "Will I have enough to put on the table so my family can eat?" Castro-Wright added.
  • Purchases of generics have doubled.
  • Shoppers are changing how often they visit the store. Some come more often because they have less money and can only afford small purchases. Some come less often to save gas.
  • Walmart now sees a 2.5% sales increase in the middle of the month, when paychecks are handed out, implying more consumers are living paycheck to paycheck.

It will get worse before it gets better methinks..

Wednesday, October 22, 2008

Explaining the Financial Crisis

This is 8:49mins, but really worth watching.. satirical, but unfortunately perhaps a little too much truth to it than there should be.. a UK answer to the Daily Show?

Euro/Yen

This is a graph of the foreign currency exchange rate of Euros vs Japanese Yen over the last 6 months.

Let's assume you reside in Japan (tick), earn your wages in Yen (tick), have a Euro 300,000 mortgage for a European property (tick) then at the end of this summer that mortgage would have needed about Yen 50 million to repay it.

Today, you need Yen 38 million to repay it. 24% less. That's great. Shame the property value is surely a lot more than 24% lower. Bugger.

The stock market here just collapsed after at the start of the afternoon session.. NEC Electronics (Japan's 3rd biggest chipmaker) announced that instead of 'probably' breaking even that they would lose about USD 80 million this year. Nice one. So everyone questioning forecasts and results again. Plus, as above, the currency crosses are falling out of bed which means the export driven economy of Japan will fair worse. It's all a load of old cobblers really.

3% Lithium Solution?

Paranoid |||||||||||||| 54%
Schizoid |||||||||||| 42%
Schizotypal |||||| 26%
Antisocial |||||||||||||||||| 78%
Borderline |||| 18%
Histrionic |||||||||||| 50%
Narcissistic |||||||||||||||| 66%
Avoidant |||||||||||| 46%
Dependent |||||| 22%
Obsessive-Compulsive |||||||||||||||||||| 82%

Click for Personality Disorder Test

Tuesday, October 21, 2008

Monday, October 20, 2008

Starting out..

I went for an early Saturday ride along the Tama River with Dominic on his new - and first since his youth - racing bike. He has bought himself a nice Pinarello FP2 to begin what I hope will be many enjoyable hours in the saddle. I look forward to introducing him - with Bryon, David, Pat and Ben too - to the Positivo gang and the great rides that can be done within just a few hours of the centre of Tokyo. All I need to do in the interim is get them drafting a bit and raising the average speed! Until then it has been suiting me perfectly to grab a quick 2-3hrs with these 'new' guys before getting back and performing my new 'Daddy' duties. Saying that it is a bit dull just riding the river.

View Larger Map

I look forward to at least an excursion to Takao soon and hopefully a Wada soon after.

Milly approaching 3 weeks..

trying to whistle..


it worked.. Dylan came running..

Saturday, October 18, 2008

Friday, October 17, 2008

friday yakitori


friday yakitori, originally uploaded by Knotty.

Normal

"Normal is getting dressed in clothes that you buy for work and driving through traffic in a car that you are still paying for - in order to get to the job you need to pay for the clothes and the car, and the house you leave vacant all day so you can afford to live in it."

Ellen Goodman

Bang!

Dilbert.com

You kill me?

Russell Peters unpicks the fundamental weakness of US foreign policy.. clicky

Thursday, October 16, 2008

Perspective

"Today’s stock market crash is nothing. I was there for the Great Stock Market Crash of Last Thursday.

Then again, I also lived through the Great Recovery of Two Days Ago. So it’s important to keep a long-term view."

badbanana

Cobblers

Wednesday, October 15, 2008

Peckish?

Let me present the Bacon Hamburger Fatty Melt.


Bacon-stuffed grilled cheese sandwich as bun top
Bacon
Cheese
Four-ounce beef patty
Bacon-stuffed grilled cheese sandwich as bun bottom

Awesome.

You're thinking it can't get better than that.. you would be mistaken.

The Double Bacon Hambuger Fatty Melt.


Bacon-stuffed grilled cheese sandwich as bun top
Cheese
Bacon
Four-ounce beef patty
Bacon-stuffed grilled cheese sandwich as interstitial bun (a nod to the Big Mac)
Bacon
Cheese
Four-ounce beef patty
Bacon-stuffed grilled cheese sandwich as bun bottom

The 'autopsy' shot - literally!



seriouseats

Milly's first chrimble pressie

* Winning its class in the 1964 24 Hours of Le Mans, the Daytona Coupe ushered in a new age of American racing glory
* Now you can go axel to axel with two of these built-for-speed beauties, intricately reproduced to Shelby standards
* They zip around the 63-3/4 running feet of track, hugging every twist and curve thanks to super-strong Neo Dymium ground-effect magnets and extra-long guide pins
* High-conductivity phosphor bronze shoes and a 22-volt power pack deliver the speed you need with a bulletproof chassis that ensures if you spin out, you won't have to retire
* Set includes track, power pack, two cars, two controllers, grandstand and pit
* Available to ship December 1


I think she'll love this right? What 3-month old girl wouldn't?

Tuesday, October 14, 2008

Clarkson Island

Do you support Obama?

Monty Python could have written this

Bailout

CFNation - The Nausea Express

I have linked to, but not quoted JHK recently.. he is still great reading..

"This is the kind of fiasco that brings down governments, propels societies into revolutions, and starts wars. In a few months, America will be full of angry economic losers. We're not the same nation that crowded around the old radio consoles for Franklin Roosevelt's fireside chats. Back then, we were mostly a highly-disciplined, regimented, industrial society full of citizens who mostly did what they were told to do, and mostly trusted in authority. Today we're a nation of tattooed barbarian "consumers" with no impulse control, a swollen sense of entitlement, ruled by a set of authorities ranging from one G.W. Bush to the grifter-billionaire pantheon of Wall Street CEOs.

Nobody really knows anything. We construct our narratives to try and explain circumstances that are unraveling non-linearly before us, and some narratives are more plausible than others, depending on your vantage point. There are infinite narratives. This is nothing more than my narrative. The circumstances we're entering appear, for the moment, to take the shape of a compressive deflationary depression with the cherry-on-top add-on of a hyper-inflation further down the road -- meaning initially that jobs, incomes, and pensions are lost, but that later on even the little money that people manage to get -- perhaps mostly from government hand-outs of one kind or another -- steadily loses its value. Every way you jigger things, it just ends up meaning the same thing: a much poorer society. It certainly won't be a society of recreational shoppers plying the Target store aisles for scented candles and home accents. Hyper-inflation could make old debts meaningless, but it would also make credit meaningless and spending absurd.

The price of oil may be going down for the moment -- perhaps due to the deleveraging of hedge funds, banks, and invested individuals, perhaps combined with a perception of "demand destruction" -- but the geology and geopolitics of oil have not changed since June of this year when oil was at $147. Let's say US oil consumption is down one million barrels of oil a day. Within the next two years, we're liable to lose more than that in import declines from Mexico and Venezuela alone. The International Energy Agency's latest estimate is for only slightly less of an increase in worldwide oil demand than was previously posted. It's still a net demand increase. World oil consumption still exceeds world production now, perhaps permanently so. Finally, the current plunge of oil prices has suddenly halted the very capital ventures in exploration and development that were hoped to increase the worldwide supply of oil. All this portends an aggravation of oil supply and allocation problems in the five years ahead, and ultimately much more expensive, harder-to-get oil."

CFN

Things I am told I will learn from my child

A king size waterbed holds enough water to fill a 2000-square-foot house 4 inches deep.

If you spray hair spray on dust bunnies and run over them with roller blades, they can ignite.

A 3 year old child’s voice is louder than 200 adults in a crowded restaurant.

If you hook a dog leash over a ceiling fan, the motor is not strong enough to rotate a 42-pound boy wearing Batman underwear and a Superman cape.

If you hook a dog leash over a ceiling fan and tie it to a paint can, it does spread paint on all four walls of a 20×20 room.

You should not throw baseballs up when the ceiling fan is on.

When using a ceiling fan as a bat, you have to throw the ball up a few times before you get a hit.

A ceiling fan can hit a baseball a long way.

The glass in windows (including double pane windows) doesn’t stop a baseball hit by a ceiling fan.

When you hear the toilet flush along with the words “uh oh,” it’s already too late.

Brake fluid mixed with Clorox makes smoke (and lots of it).

A six-year old can start a fire with a flint rock even though a 36 year old man says they can only do it in the movies.

Certain Lego blocks will pass through the digestive tract of a 4 year old.

Play-Doh and microwave should not be used in the same sentence.

Super glue is forever.

No matter how much Jell-O you put in a swimming pool, you still can’t walk on water.

Pool filters do not like Jell-O.

VCRs do not eject sandwiches, even though TV commercials show they do.

Garbage bags do not make good parachutes.

Marbles in gas tanks make lots of noise when driving.

You probably don’t want to know what that smell is.

Always look in the oven before you turn it on.

Plastic toys do not like ovens.

The fire department in my town has a 5 minute response time.

The spin cycle on the washing machine does not make earthworms dizzy.

The spin cycle on the washing machine does make cats dizzy, however.

Cats throw up twice their body weight when dizzy.

Sixty percent of men who read this will try mixing the Clorox and brake fluid.

nytimes

Now.. what is the equivalent of Clorox in Japan I wonder?

Saturday, October 11, 2008

Suburban Rock Star

"Because her employer (Unitus, a nonprofit that deals with global poverty) was one of the Sting/Police concert tour's charitable partners, Ketola (37-year-old mother of four) was one of many employees who took the opportunity to sing a few bars into a microphone during a preconcert sound check at The Gorge at George.



Sting was so impressed that he had Ketola stick around for several songs, and, then, in the ultimate fairy-tale moment, asked her to join him onstage that night at the concert.

The stage manager later said, "I've done 60 of these sound-check parties, and I've never seen anything like it."

"Sting never shares a microphone," he muttered to Ketola as she waited in the wings before the concert. "So don't [expletive] up."

But in true fairy-tale tradition, a white knight swept in with a bottle of water and a few reassuring words. "He says that to me every night, too," Sting confided."



seattletimes via kottke

Steep



"STEEP is a feature documentary about bold adventure, exquisite athleticism and the pursuit of a perfect moment on skis. It is the story of big mountain skiing, a sport that barely existed 35 years ago.

It started in the 1970s in the mountains above Chamonix, France, where skiers began to attempt ski descents so extreme that they appeared almost suicidal. Men like Anselme Baud and Patrick Vallencant were inspired by the challenge of skiing where no one thought to ski before. Now, two generations later, some of the world's greatest skiers pursue a sport where the prize is not winning, but simply experiencing the exhilaration of skiing and exploring big, wild, remote mountains.

STEEP features many of the sport's greatest athletes including Bill Briggs, Stefano De Benedetti, Eric Pehota, Glen Plake, Shane McConkey, Seth Morrison, Chris Davenport, Ingrid Backstrom and Andrew McLean.

The man who is often described as the greatest big mountain skier of all, the late Doug Coombs, is the character at the center of STEEP. He died in a skiing accident in La Grave, France, in April, 2006, just days after being filmed for STEEP. His rich life and tragic death reveal the essential question at the heart of big mountain skiing: How does a skier weigh the risks versus the rewards of a sport where the possibility of dying is ever-present?

STEEP was shot on High Definition and on film in Alaska, Wyoming, Canada, France and Iceland."

And I'd like it as a Christmas present.. roll on February.

Friday, October 10, 2008

Late Night Quips

NBC: During last night’s debate, John McCain sparked a bit of a controversy when he referred to Barack Obama as “that one.” Yeah, afterwards, McCain said, “What? Like I’m supposed to remember everybody’s name now?”

Time magazine says that the winner of the presidential election in Florida will be determined by voters under the age of 30. In case you’re wondering, the Florida voters under 30 are named Kyle and Stacy.

Don't watch the Dow.. watch TED.

"Whilst the media obsesses about the equity markets, they won't tell you much about the current financial crisis. This is a credit crisis: Financial firms are unwilling to lend to each other for fear that borrowing firms may fail or that they themselves may need the cash to fend off their own crisis.

The TED Spread measures credit conditions directly. Bloomberg tracks the TED Spread here.

The TED spread is the difference between the interest rate banks charge each other on three-month loans and the interest rate on three-month U.S. Treasury bills.

The higher interest rate on interbank loans compensates for the fact that a short-term loan to a bank is riskier than a short-term loan to the U.S. government.

The TED Spread typically stays under 50 basis points (half a percentage point). Things got atypical in August 2007, when subprime mortgage troubles began making waves in the U.S. housing market. The spread moved above 100 basis points, climbing above 300 basis points in the more recent tumult surrounding the Emergency Economic Stabilization Act.

Why the big spread? It's due, in part, to all of the toxic assets the Treasury hopes to soak up from the financial system with the $700 billion Congress freed up last week. Lenders in the interbank market need an exceptionally high interest rate to extend credit to banks that may be overexposed to bad assets, pushing the interest rate on interbank loans further above the rate on three-month Treasuries. The spread reflects falling yields for three-month Treasury bills as well as investors sought refuge in the relative safety of treasuries, paying higher prices for the three-month bills and accepting lower yields (even negative yields at one point).

If the Treasury's program works, it will remove a substantial bloc of toxic assets from the financial system and stabilize the prices for those that remain on banks' balance sheets. The stabilization should restore some confidence among both banks and financial markets in general. If so, we'd expect interbank lending rates to come down and Treasury yields to rise as investors stop worrying and start moving money back into equities, corporate bonds, money market mutual funds, and the like.

Thus, watch the TED Spread. If it falls back, then credit problems are easing, if not, more pain."

cribbed from bigmoney.

Thursday, October 09, 2008

Puzzle Time


Congratulations, you may now bail out both of them...

Wednesday, October 08, 2008

High Five

"One conservative journalist said that Palin didn't learn the easy way by going to Harvard, she learned the hard way, on the streets. I guess if I ever need open-heart surgery I won't go to one of those doctors who learned the easy way in medical school. I want someone who learned surgical technique on the streets of Wasilla. Conservatives have long sent their sons and daughters to our greatest universities, but now they've decided to surrender those admirable values in exchange for pandering to the people they endeavor to inspire. The Republican party's contrived contempt and manufactured mistrust of intellect is not only counter to what they've always believed, but is terribly dangerous to the country they claim to put first. To indoctrinate a nation to renounce education and intellect is to shamefully discourage and suppress the very thing that America has not only historically exalted but needs so desperately right now.

They talk of competing in the worlds of science and medicine, technology and economics and yet present us with a presidential candidate who has repeatedly shown and even admitted that he knows very little about such things, has repeatedly voted against funding for education, but will repeat at every opportunity that he is an expert at winning wars, though he's never actually won one. They talk about teaching our children to compete in the global economy and international relations and yet they present us with a vice presidential candidate who has to memorize talking points and cynically condescend to us with winks and "doggonits" in order to conceal her astounding and terrifying lack of genuine knowledge."

huff post

Some credit crisis insight

There are only two positions to be in in this market:  Cash and foetal.

If you need more, I'll be in the bunker.

Market Terminology

CEO --Chief Embezzlement Officer.

CFO-- Corporate Fraud Officer.

BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.

BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex.

VALUE INVESTING -- The art of buying low and selling lower.

P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.

BROKER -- What my broker has made me.

STANDARD & POOR -- Your life in a nutshell.

STOCK ANALYST -- Idiot who just downgraded your stock.

STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.

FINANCIAL PLANNER -- A guy whose phone has been disconnected.

MARKET CORRECTION -- The day after you buy stocks.

CASH FLOW -- The movement your money makes as it disappears down the toilet.

YAHOO -- What you yell after selling it to some poor sucker for $240 per share.

WINDOWS -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.

INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.

PROFIT -- An archaic word no longer in use.

Tuesday, October 07, 2008

"..Um, scary thing.."

"Tina Fey, the finest Palin imitator, was reduced on Saturday Night Live to using Palin's exact words in response to a question about the bailout package last week, because they were beyond imitation."

“That's what I say that I like every American I am speaking with we're ill about this position that we have been put in where it is the taxpayers looking to bailout, but ultimately what the bailout does is help those who are concerned about the healthcare reform that is needed to help shore up our economy, um, helping the, oh, it's got to be all about job creation, too, shoring up our economy and, and putting it back on the right track; so healthcare reform, and reducing taxes and reigning in spending has got to accompany tax reductions and tax relief for Americans and trade we have we got to see trade as opportunity not as, a, a, competitive, um, scary thing, but one in five jobs being created in the trade sector today we, we've got to look at that as more opportunity, all of those things under the umbrella of job creation, this bailout is a part of that.”

"Intelligence is now viewed as a threat. Isn't that how Pol Pot operated?"

timesonline

Overheard

"I'm quite pessimistic about the current financial system.  I've been buying gold."
"Gold?  That's not pessimistic enough.  I've been buying rice."

"I'm not going to waste your time with a stock pick this week, because the odds are against me."

Investors must feel like they're watching a young Mathew Broderick in the movie War Games. Remember his computer talking to him in that monotone voice, saying: “Strange game. The only winning move is not to play.”

"John McCain showed up without running mate Sarah Palin, which is a shame because she actually has a lot of experience with financial matters. You know, she lives right next to a bank."

"Blaming fair-value accounting for the credit crisis is a lot like going to a doctor for a diagnosis and then blaming him for telling you that you are sick."

"Suspending mark-to-market accounting, in essence, suspends reality."

Plan B - like watching West Wing (unfortunately).

Monday, October 06, 2008

Rainy Monday

Last day at home.. back to work tomorrow.. and at some point will try to have to catch up on finance and US election news.. nice to have a break though. I tried to watch the VP debate, but Palin just makes me grind my teeth and I have to stop watching. Joli is doing well, although a little more post-c-section pain yesterday than she has been used to so far.. I have my final to-do list and then back to the grind.. Milly is proving to be a lovely baby so far.. I wouldn't be biased though would I?

Milly in the bath

Sunday, October 05, 2008

stuck!


stuck!, originally uploaded by Knotty.
Walking at the river on Sunday, Pepper and I noticed that Dylan was lagging behind.. we went back to investigate what he was up to..

Saturday, October 04, 2008

Update

Quite exciting.. Joli and Milly came home today.. some more pictures at the Mac/MobileMe gallery.. 

Wednesday, October 01, 2008

Milly - Day 2



Photo Gallery

Milly - Morning Day 2


01102008.jpg, originally uploaded by Knotty.