First off, the spell checker function is not working on blogger for some reason, so bear with me!
For obvious reasons I try to keep my personal affairs out of the blog. I have to share the current situation as it will have an impact on my writing here. All this week the wife and I will be finishing packing for a move. We will be moving next weekend. What is our plan? Not too sure at this point. We are moving into the spacious home of my wife's mother for the time being. We may purchase her house in the coming months (complicated) or we may wait out the housing bust for a while, maybe 6 more months, before we buy a home. While I in no way think housing is even close to bottoming, life has the ability to force your hand.
This situation represents what is my major resentment for the housing bubble. For 4 years I have had to wait while the financial foolishness went from fever pitch to crash and burn. It is because of foolish people that had no business with access to capital that homes became a losing proposition. Add to that the silly lending criteria and leverage of the banks, and you get to a place where I had to wait to buy something. We are still waiting, but I simply do not have the upwards of 2 years to wait until this mess is resolved. Luckily, the bust seems to be moving very quick here in Massachusetts and we will be able to buy a home that should serve our needs for some time without breaking a sweat about the price.
What does this mean? Short term it may take a week or so to get additional broadband lines installed for my computer, so blogging will be light or nonexistent for a bit. I know somehow the readers will find the strength and courage to go on! Long term you can look forward to getting an up close and detailed look at what one market looks like as the wife and I trek out to lowball offer any home that fits our needs! That will be fun! I appreciate your understanding, and please do not forget this blog.
Friday Odds and Ends
Lots of info out there today, but I am somewhat pressed for time. Bullet points include:
- Microsoft paying up the wazoo for Yahoo: A 62% premium for Yahoo, which is an afterthought compared to Google? I dunno, but this seems a bit out of the realm of good ideas.
- BAC purchase of CFC facing Issues?: Lots of stuff coming out about a major shareholder of CFC wanting to see some action taken with respect to the BAC move to take over CFC. Back-door stock deals and price manipulation? Say it isnt so! I am sure the major fund does not want any real action taken, just a better payoff.
- Jobs Data Not so Hot: The final tally for 2007 was not as great as we were led to believe, well not the readers here anyway! Mish has great coverage of the funny numbers, so I refer to him.
- Simulacra and Simulations : Jean Baudrillard's work referenced yesterday is now on my coffee table and ready for reading. I think it will be an interesting endeavor!
- Stimulus Bill getting Ugly: As if the bill were not too big already, the democrats want to add on even more freebies. Why the republicans are all of a sudden opposed to more free money after the last 7 years escapes me, but some bickering may cause problems going forward for the free cash.
Thats a good list, I will try to get caught up tomorrow. Busy weekend planned!
Of course it is still friday night, and that means music! Rock blogging will now commence.
Journey with "Separate Ways". Steve Perry is a master vocalist:
I had this one on in one of my first few blogs, but I love Motorhead's "Ace of Spades". The BASS GUITAR riff at the start is nasty good:
Anthrax and Public Enemy collaborated on a song called "Bring the Noise" which is a weird tune but it is catchy:
before Ice-T was a TV regular, he was a rapper and he also had a heavy metal band. Body Count with "There Goes the Neighborhood ":
So it is not all heavy duty, here is some Queen with "Who Wants to Live Forever" from the Highlander films soundtrack:Have a good night.