Thursday, March 3, 2011

A Little Levity on a Thursday, Yes?

It has been a busy week at work and I am ready for the weekend. Next weekend is EconomicDisconnect's 35th birthday so this weekend I plan on partying like I am 34 for the last time. Where does the time go? As Indiana Jones said "It ain't the years, it's the mileage". Indeud.

As always, Friday night blogging is a go, so please get some requests in. We can have some fun with just about anything people want to see or share so do not be shy.

Behind Schedule
Running behind schedule! I have work to do on my holdings as I am looking for some exits after a big rally day which pushed some winners to target areas. Will update later with any changes.

Great Question
Great question came up over at The Illusion of Prosperity in the comments (which is why comments are important!):
Stagflationary Mark said:
Warren Buffett was on CNBC recently and he had this to say. He'd rather own all the farmland in the USA than all the gold in the world. I'm with him on that one.
This can go in so many places but I do not have the time to give to it right now. I will post a poll at the TOP LEFT so please vote. Discussion will come this weekend. Thanks Mark!

Nickels all the Time
If you have no idea what the Nickel (US 5 cent) mania sweeping the land is about, you just don't know. Check out Kid Dynamite, Credit Bubble Stocks, and Illusion of Prosperity and get caught up!

Made up my Mind
I have spent plenty of time and brain cells (such that are left) thinking about debt, bonds and government usage of those vehicles. MMT (modern monetary theory) is amazing to consider and the posts over at The Pragmatic Capitalist are wonderful. I had recently settled my view (right or wrong) but Jesse at the Cafe put it into words:
The Fed is monetizing debt, colloquially known as 'printing money.'
At this point you either understand this or you do not, and if not it is probably because you will not.

The MMT crowd say the same thing about folks like me. Too bad, so sad.

Must Read
I do not have kids and I don't even like kids until they are over 21, but this guest spot by Dinosaur Trader at Josh's site was enough to get a monster smile out of me. No excerpts, you will have to check it out. You will not be disappointed, guaranteed.

Libya all the Time
Hard to be funny about the Libya situation. I saw the President was leaning towards using US military aircraft for "evacuations" from Libya. As I understand it, only carrier based aircraft are in the hot zone. How many people can a US F/A-18 Super Hornet take out of harms way anyway?:

Maybe they installed handles on the sides? I dunno.

I would send submarines to the Tripoli Coast for rescue operations:

All aboard!

US Strategic Oil Reserves
Ok, one darker note for the night.

I have NO IDEA why Treasury head Geithner would say this:
Geithner: We can tap oil reserves if we need them
I will not approach the fact that the US reserve is not fuel, but unrefined stuff, set that aside. The point is that stuff is supposed to be for total military emergencies, not support of an economic recovery (whatever that means?) or a presidential run (Al Gore asked Clinton to ease oil prices during his run). I man, the f#ck, has everything been taken into supporting the economy? What gives?

Have a good night.


Stagflationary Mark said...

I have fantastic news!

What is the Eligibility for the president?

* be a natural-born citizen of the United States;
* be at least thirty-five years old;
* have been a permanent resident in the United States for at least fourteen years.

I'm counting on you to fix all of this country's problems. No pressure. You've got 4 years. ;)

getyourselfconnected said...

Mark, if I never told you before, you are a genius! Now I have a new mission. If Trump is a serious candidate, why not me? I was born in Lowel and I DO have birth certificate proof. I have inhaled a few times though.

watchtower said...

I would rather have all the 1965 thru 1973 musclecars in the world!

Of course then I'm going to have to have some farmland to build some sort of warehousing facility on...

getyourselfconnected said...

I would settle for all the ZL-1 aluminum (Mark!) big block engines in perfect condition. Throw in the original DZ-302's and I am sold!

watchtower said...

You could get both those engines wrapped up in a couple of beautiful 69 Camaro's, but then you would have to change your hairstyle to a mullet...might be worth it though.

getyourselfconnected said...

Is that a problem????

Jennifer Hillier said...

Happy almost birthday! 35, you say? Pfft. You're still a kid.

In my day, teeth (OMG, I almost wrote "tooths" -- yeaaaaah it's been a long day) went for $2 a piece in my house. More than the average kid, I suppose, but much less than some of my cousins who got Barbies and He-Man action figures. The kid that lived next to me only ever got 25 cents. I felt bad for her - it was only enough to buy a candy necklace, and those weren't even that good.

GawainsGhost said...

Well, I'm up late, can't sleep, don't have much to do, so I thought I would weigh in on this discussion.

The only thing supporting this economy is debt.

I've always said the best investment is in farm land. But then, of course, you have to farm it. And that's a lot of work. A harsh winter, or a flood or a drought, can wipe out a crop, and then what? Well, it's just like with any other investment--there's always next year.

Bob Seger and the Silver Bullet Band are on tour. In fact, they're playing in Houston next month. I should go, but I hate going to Houston. What, they couldn't play in Dallas, Austin, San Antonio? Give me a break.

Anyway, for Friday Night Entertainment, I recommend an old Bob Seger song, "Rosalie." The original is pretty good, but the cover by Thin Lizzy is even better.

KLo said...

So there was a cartoon on when I was very young. I only sort of remember it ... it was called the Barba Papas (I think). It was AWESOME! I suspect your spin might by, shall we say, interesting :-)

Also ... "The Dark Crystal".

Happy birthday, my friend :-)

getyourselfconnected said...

yes you have always been a farmland supporter. No votes for Lake Baikal though?

Thanks but next weekend I get old. My wife just mentioned the Babapapas a couple weeks ago! I love The Dark Crystal and I think I will have a clip from another you may like tonight.