Snippets
-You have to feel for the Team England goalie in the world cup. Well on their way to closing out the United States, a small error results in a tie! Oops!
-Tim Iacono is sharing his own ongoing short sale experience in a post today that is worth a look.
-Kid Dynamite has two good ones up today;
A Horrible Solution to NY's Pension Woes
Key take away:
"Under the plan, the state and municipalities would borrow the money to reduce their pension contributions for the next three years, in exchange for higher payments over the following decade. They would begin repaying what they borrowed, with interest, in 2013.Just unreal. Mish adds that the pension plans are still looking for 8% yearly returns which is just silly.
But Mr. Paterson and other state officials hope the stock market will have rebounded to such a degree by that time that the state’s overall pension contribution burden will have been reduced."
and
State Bailouts: The Tragedy of the Commons
Plenty worthy of discussion here.
-Housing Doom picks up a strange way to try and sell your home; check this progression of price swings:
Good luck with that!
-Paul Krugman sees that Ireland is having a tougher go in the CDS/Bond arena that Spain and concludes that clearly the austerity plan in Ireland is seen as worse by the markets than the Spanish printing plan. Sure thing Paul.
-Econbrowser has some thoughts on Gold and Inflation. Another academic that cannot figure out why gold is not a commodity. The summary:
But with the long-run fiscal challenges facing the United States, are 10-year Treasuries really the safest place to put your money? The yellow metal seems to be one way some people are hedging that bet.Not too bad.
-The Ten Most Annoying Car Owners is worth a few laughs. The sidebar on the right side has the commentary for each car. My number one is the Prius owners who are so annoying I just want to punch them. I prefer to gloat about my 300 plus horsepower monster instead to piss them off.
Added
-One cool new site I have been checking is io9.com which is a mix of all kinds of interesting stuff. Try it out!
-An oldie that I had not checked for a while is the RedMeat comic strip. Great stuff here, use the meat locker to get the archives. Anything with Milkman Dan and Karen is awesome. Here is a newer one which is the perfect metaphor for the Credit Card Industry:
Nice!
Have a good night.
