JPPennypacker

For the Fed's Credibility, It's Time for a Fire Drill

What is your gameplan YH? I believe one of your fellow Dutchmen had a very unique financial strategy.

jalopnik.com/5366788/d...


On Sep 25 07:53 PM yellowhoard wrote:

> Talk about a market crash.
>
> If the Fed started acting like it cared about the value of the dollar,
> we'd be at S&P 200 quicker than you could say cat food.
>
> Don't get me wrong, I'd like to see austerity. But, have no illusions,
> insurance companies would fail, pensions would fail, anarchy would
> follow not far behind.
>
> That's the problem.
>
> We're in a box.
>
> One way or another, we're boned.

Amanda Drudy Cleavage Update

I hope you patented your cleavometer YH. It would be a tragedy if that technology would fall into the wrong hands. Is there any chance that CNBC would allow Amanda to report the news topless? Maybe some sort of wardrobe malfunction. I think that would be a good opportunity to calibrate your cleavometer YH.

On Sep 05 11:14 AM yellowhoard wrote:

> I know Swash. The potential contribution to mankind of the Cleavometer
> is incalcuable.
>
> I'm a little scared.
>
> I'd like to rebuild it, but I can't remember exactly how I did it
> the first time.
>
> It's like the Flux Capacitor, I may have to sustain a blow to the
> head to remember the secret.
>
> I'll never forget the noises that it made right before it exploded.
> It was kind of muted because inanimate objects can't usually talk,
> but I swear I heard it say something like "o my o my o my yes yes
> yes yes", then it made a motor boat like noise, said "giggity", then
> BOOM!
>
> If I have to devote 100% of my time to building a new, and better,
> Cleavometer, then that's just what I'll have to rededicate myself
> to doing.
>
> The burn unit at the childrens hospital will just have to do without
> my services until this lofty objective is met.

Gold or Oil: What's a Better Inflation Hedge?

Store my oil in 18 kt gold barrels.

Aleynikov's Code Dump Uncovered

According to a recent article, Mr. Aleynikov's lawyer believes his client is innocent of any wrongdoing. It will be interesting to see what sorts of details emerge from the legal proceedings. I wonder how Lloyd thinks all this will play out?


www.reuters.com/articl...

Employment: Minimum Wage, Maximum Stupidity

The true minimum wage has been and likely always will be zero. Many of the entry level positions that you describe will not be filled if the minimum wage is too high to cost effectively fill the job. I believe the minimum wage laws have good intentions and it would be a positive if everyone who worked received a living wage or at least netted more income than the same person receiving welfare assistance benefits.

Is a Case of Quant Trading Sabotage About to Destroy Goldman Sachs?

Excellent observation YH. I believe that Goldman could benefit by promoting Peter Gibbons to the CEO position. I believe Milt would be a fine employee for a company like Goldman. I think Milt could fix everything.


On Jul 06 09:15 AM yellowhoard wrote:

> I had to read that twice.
>
> If I read this right, someone now has posession of a program that
> is half "Office Space" where they skim fractions of pennies from
> a massive number of transactions, and half the "Sting", where they
> know the winners of the horse races before they are released to the
> public.

Is the State You Live in One of These?

I remember a certain Lloyd Christmas (Jim Carrey) in the comedic masterpiece Dumb and Dumber used an IOU system to keep track of his spending spree in Aspen. Here is an audioclip about Lloyd's IOU system of accounting.
www.entertonement.com/...-

On Jun 30 03:55 PM yellowhoard wrote:

> If the government gives IOU's for tax refunds. Next year, they'll
> be getting the same IOU's attatched to tax returns for payment.

House passes climate bill 219-212. Crossing party lines: 44 Democrats, 8 Republicans. The CBO puts the average monthly cost per household just under $15 in 2020 (at full phase-in); Nate Silver finds the average American is willing to pay $19/month. AP's Q&A about the bill. (Previously: I, II)

I was researching to see if there were any publicly traded companies that made markets for the proposed legislation. The only one I could find was the Chicago Climate Exchange and two of the major stakeholders in that are Al Gore and Maurice Strong. Maybe Al Gore will consider an IPO on the Chicago climate Exchange . Or maybe he can sell credits off at auction like his daddy sold expensive cattle.

Amid a flurry of last-minute bidding, lunch with Buffett ends up selling for $1.68M, down from last year's record $2.1M, but not too shabby considering how much things have changed. Apologies to Mike Stathis.

Buffet lunch dates are 20% off this year. Hope it is all you care to eat.

House passes climate bill 219-212. Crossing party lines: 44 Democrats, 8 Republicans. The CBO puts the average monthly cost per household just under $15 in 2020 (at full phase-in); Nate Silver finds the average American is willing to pay $19/month. AP's Q&A about the bill. (Previously: I, II)

Maybe they need to develop some sort of audio books to employ voice talent to read the books to the Congress. Maybe the politicians could listen to the 1000+ pages as they travel to visit their constituents and/or mistresses.

From Free Markets to Absolute Power: The Warped Views of 'Bank Speak'

How Orwellian. I think Mr. Greenspan could use the services of a fact checker such as yourself Mr. Kim. I think he has gotten confused in his old age.

Strange Inconsistencies in the $134.5 Billion Bearer Bond Mystery

Hopefully there will be some new information regarding the bonds. I have yet to read any reasonable explanations but am curious to see how this all works out. Here is a link with the most recent information on the story.
www.asianews.it/index....

Starve the Economic Beast, Part 3

Interesting synopsis you have provided in all 3 parts of this article and thank you for the Thoreau quotes. I would prefer a simplification of the tax code rather than the current artificial complexity, although I don't see how we get to that point. Common sense isn't really something you can legislate.

Bernanke in the Hot Seat

Watched Mr. Bernanke's Congressional testimony. Perhaps Mr. Bernanke and Mr. Lewis both have difficulty remembering details when in front of congress.

Here is a clip of today's testimony.
www.youtube.com/watch?...

Fortune's Stanley Bing, upset about Microsoft making a household search-word out of his name, consults the only person who can empathize: 1920s comic-strip star Barney Google.

Even before Stanley Bing there were Bing candy bars.

www.palmercandy.com/