Archive for May, 2010
« Previous EntriesThis is How We Do it in The USA
I read an article yesterday in the New York Times that I think crystallizes what has happened in our country the last three decades or so. Richie has been doing a great job keeping you all informed of the miserable shape of the commercial real estate market. One of the landmark turds has been the [...]
Memories of this Day
A few years back on the Friday of Memorial Day Weekend, me and my pals Frank and Bob went to a fine restaurant for lunch. You see, back in the good old days of the bond market there would be a government sanctioned official “early close” usually on the day before a holiday or holiday [...]
For Every Assclown There is An Asshat
Recently our dear friend and long time blog supporter “Fletch” asked a very important question. Fletch wanted to know what the difference was between an “Assclown” and an “Asshat”. Since Richie and I use the terms so frequently we should define the terms and provide some real life examples of the two.
Media Alert
I’m back from my jaunts to places like Hollywood and Las Vegas and we’re going to go back on at our regular time slot today. That’s right 5pm eastern on your favorite satellite radio system(s). Sirius Channel 110 and XM Channel 130 with our main man Pete Dominick on the POTUS network. Have no idea [...]
Doesn’t Anyone Pay Their Bills Anymore?
My 2nd favorite country on earth is Australia. My wife is Australian. Mykid has a VERY “Australian” name. I’ve visited there and they love Americans. (They kind of like everybody, but they reallyLOVE Americans.) They know how to enjoy life. Their beaches are insane. The accent isn’t too bad either. They also have some interesting [...]
Spanish (Funding) Bombs…."Oh, My Corazon!"
From the Wall Street Journal;
Spain’s Banco Bilbao Vizcaya Argentaria, or R), has been unable to renewroughly $1 billion of short-term funding in the U.S. commercial-paper marketsince the beginning of the month, according to people familiar with the matter.The bank still has substantial European-based funding and deposits and about $9billion in U.S. commercial paper.
I’m So Happy! "My Man" Is Back in the News
One of my favorite leaders of all-time, Kim Jong Il, Emperor, HMFIC (R-rated technical term), Grand Pooh-Bah, or whatever you want to call him, from North Korea is now doing his job to try and end capitalism….again! I love this guy. I’m not sure which part I like most about him but one of my [...]
Right in The Epizoodik (Technical Term)
I write this at about 10:30pm Eastern time feeling like the old days when I used to watch the Japanese markets to see what kind of sleep I could expect for the night. And if I was still trading on Wall Street, I wouldn’t be sleeping much tonight. But, for me now?After watching the Celtics/Magic [...]
Lord, Please Make Tim Geithner Go Away.
Isn't it enough that the economy is in the crapper, we're fighting two wars along withthe ever present threat of terrorism, the Gulf of Mexico is becoming a giant version of the La Brea Tarpits, our world leaders are even bigger incompetent fools than we ever imagined…..I can go on and on..you get the drift. [...]
Um Does This Bill Have a Part 2?
So this Financial Reform Bill passed the Senate last night. It says a lot of things. Its gonna protect us from a big bailout again. That’s what my man Barney Frank said (D-MA). He’s had a lot of opinions over the years. Um, what’s his batting average? I mean I understand the whole political thing. [...]
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