Tomorrow is Friday so get those requests in! I do music, film, books, science, and anything else you can think of. As of late I am reminded of a line from the film "Major League":
In case you haven't noticed, and judging by the attendance you haven't,....Not many folks stopping in. What can you do.
Referee Stops the Fight!
"When you start comparing apples with peaches, you are not speculating, you are in the lemonade business"
-Famous Investor Jesse Lauriston Livermore
If the markets were a boxing contest the referee would have stopped the fight today. Wild gyrations and crazy action result in a mess where everyone is confused. I warned last night on plowing into oil and metals and today that was evident. Longer term, things may well work out (especially the metals!), but why join a mad crowd at an Best Buy Christmas early open ceremony?
For a great metals read, see Jesse (the other one) at the Cafe:
Silver Market Hit Hard With Bear Raid - The Infamous Dr. Evil Strategy
For oil, what can I say when a policy advisor advises intervention in Saudi Arabia should things get out of hand to keep the oil flowing:
Charles Krauthammer: All Hell Could Break Loose In The Middle East After March 11
Energy. Cheap Energy. Your I-whatever's need it, your Twitter accounts depend on it, your Facebook addictions demand it, your car cannot live without it. Now, how do you want to pay? Cash or intervention via military force?
For a thought experiment, check out Leigh Drogen's great essay:
Dictators Don’t Have Perfect Information
I left a comment saying "Great Points" but reading the item I was struck how our own Treasury and FED are the EXACT SAME THING Mr. Drogen wonderfully explains yet he does not mention them.
I had some more stuff, but I have some work to do.
Added: Going into the buzz saw with HSY and DAN.
Have a good night.
I know you don't want to hear it, GYC, but I've been on a Beatles kick lately. Have been since I read You Never Give Me Your Money.
ReplyDeleteIt's a fascinating book really, all about the break up. None of them come off very well. What happened? I mean, they were the most successful band in history, the only band to sell over a billion records. So what went wrong?
Well, they formed a corporation, Apple Records. And it's been in litigation ever since, going on 40 years now. Just one lawsuit after another.
You know, when Steve Jobs founded Apple Computers, he named it that because he was a Beatles freak. And the result was an enormous lawsuit over naming rights that went on for decades. Good grief. The only ones who made out well were the lawyers and accountants.
Anyway, for books I recommend the following. If On A Winter's Night A Traveler, by Italo Calvino. It's a book about reading. There's this guy, a reader, who meets this girl, a reader, in a bookstore, and they start reading together. Each chapter is the first chapter of a different novel that they're trying to read at the same time. Brilliant, and very postmodern.
Also Pale Fire, by Vladimir Nabokov. Wickedly funny. And The Crying of Lot 49, by Thomas Pynchon. Its plot structure follows the life cycle of a plasmodial slime mold. Strange, but no one really knows who Pynchon is. He has never granted an interview, and there are no photos of him.
For movies, I recommend Casablanca.
http://www.youtube.com/watch?v=7vThuwa5RZU
Hollywood can't make movies like that anymore.
Finally, for music, I recommend Bachman Turner Overdrive, "Taking Care of Business." Seems apropos of the times.
Great picks Gawains on the books. Will have to do an Amazon shop this weekend.
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