Wednesday, February 4, 2009

everybody wants to rule the world

how about that! i no more than question the obama administration's committment to integrity and change and they do it. daschle is out as nominee for health and human safety. are the two connected? who knows. does president obama read my blog? maybe. could happen. i've heard a few little lines here and there that sound familiar. regardless, this is the 2nd obama appointee to pull out due to tax problems. geithner didn't pull out, he was still approved as treasury secretary and bill richardson left due to an investigation in his administration. obama was very proud of his vetting process, but it seems to have failed him in several, high-profile instances.

executive pay is coming under major fire. obama wants to cap it at $500,000 for companies that receive federal bailout loans (hopefully these are loans). i don't like the number. i want it to be $501,721.23. that seems more appropriate, doesn't it?

here is a different take on getting toxic assets off of the bank's balance sheet.

judd gregg, a republican, replaces nominee bill richardson as commerce secretary. get to know him.

in an economy like this, people constantly discuss what stocks/bonds/whatever to buy. i like this idea. keep it with stock dividends. reinvest your dividends and buy more of the stock.

mish doesn't like geithner's ideas for asset purchases.

an interview with three people from the state. not the state, as in government state, but the sketch comedy show the state.

"he said everything is messed up round here, everything is banal and jejune, there is a planetary conspiracy against the likes of you and me, in this idiot constituency of the moon (well, he knew exactly who to blame) and we call upon the author to explain!"- nick cave, dig, lazurus dig, "call upon the author to explain"

Tuesday, February 3, 2009

winds of change (sorry)


sleep when i'm dead

new day in washington, right president obama? cause it's starting to feel like the new boss is the same as the old boss.

"everybody knows, everybody knows, everybody knows, you only live a day, but it's brilliant anyway." - elliott smith, x/o, "independence day"

so we've got some ethics decisions to make right. we'll think about those in a minute because the stimulus bill is being ramrodded through the house and soon the senate. what's in it? do you agree with what's in it? are there enough egregious items to halt the bill entirely? look at it.

here are some bailout questions answered. some are stupid, some make you wonder.

mish had a good little bit on wells fargo balance sheet yesterday.

"oh, what'll you do now, my blue-eyed son?
oh, what'll you do now, my darling young one?
i'm a-goin' back out 'fore the rain starts a-fallin',
i'll walk to the depths of the deepest black forest,
where the people are many and their hands are all empty,
where the pellets of poison are flooding their waters,
where the home in the valley meets the damp dirty prison,
where the executioner's face is always well hidden,
where hunger is ugly, where souls are forgotten,
where black is the color, where none is the number,
and I'll tell it and think it and speak it and breathe it,
and reflect it from the mountain so all souls can see it,
then I'll stand on the ocean until I start sinkin',
but I'll know my song well before I start singin',
and it's a hard, it's a hard, it's a hard, it's a hard,
it's a hard rain's a-gonna fall."

-bob dylan, "a hard rain's a-gonna fall"

Monday, February 2, 2009

stockholm syndrome

the superbowl is over. is that one word or two? on this blog, it's one word. the steelers beat the cardinals in a freakin' entertaining game. when fitzgerald blasted up the middle in the 4th, i really thought the cardinals had pulled off the amazing upset. but the steelers had one drive left in them and they won.

observations:
- commercials were lame. didn't see one that sticks in my memory. i changed the channel several times to watch the simpsons or american dad on the breaks.
- bogus calls. how can the superbowl end on a call like that? he did not fumble the ball. it should have been reviewed. arizona deserved one last chance to win that game. also, the roughing the passer call was totally lame.
- bruce springsteen was actually fun to watch. i don't like his music, don't own a single album. but he got in the spirit of the game and delivered a great performance. but, the only thing that bugged me was his moves. the dude was struggling to get around that stage. but he kept insisting on jumping on the piano and running and sliding around the stage. it looked painful for the guy. but, his wife is hot.
- joe namath seemed like he was never going to get to that podium. everyone kept touching the trophy and grabbing at it. i felt bad for the old guy. i mean he's like 60. give him some space.
- the office episode after the superbowl was great. the roast was perfect. "now dwight knows not to cut off the face of a real person."

so now we sit around until baseball season. i believe february is the worst month of the year. football is over. spring training doesn't start for another month. it just sucks. but thankfully, it's the shortest.

i already have my preliminary world series pick: arizona vs. new york. that could change if the dodgers sign manny and some of these other free agents find a home. the astros i have as finishing fourth in the central.

now back to reality:
consumers usually save during boom and spend during bust. now, we're doing the opposite. why is that?

she's hot. she's smart. she's meredith whitney. here's her idea on how banks can get back in the game.

Friday, January 30, 2009

rock and roll suicide

i just wrote the greatest little bit about america being a rock and roll suicide. and i went to publish the post and i received an error. i lost it all. it was beautiful what i wrote. i said how we were young and we were a rebel and then we went corporate and died a bloated rock and roll death. it was great. sorry you didn't get to read it.

and i had a bunch a links with funny stuff, but i'm not going to write it again. here are the links:

mish's global economics: bailout to hit $4 trillion.

msn money: why the bank bailouts are doomed.

bloomberg: US economy shrank by 3.8% last quarter.

avclub: possible arrested development movie.

Thursday, January 29, 2009

the amazing sounds of orgy

"the day the banks collapse on us." - radiohead

so the banks are still failing. the original idea was to buy these troubled assets under the TARP program. that didn't happen. so now instead, there is an idea being floated of creating a "bad bank" that will buy these assets and get them off the banks balance sheet. here's the scoop.

here is a great blog that contains major breakdown on the possible nationalization of the banking industry.

"privatize the gains and socialize the losses."

great blog out there that actually reads through company's 10K filings and picks out really interesting stuff buried within the filing. it's footnoted.org. check it out.

great conversation with niall ferguson over canceling the US debt. he describes the various stages of a bubble: Displacement, Euphoria, Mania, Distress and finally Panic. that's where we are now is Panic.

Wednesday, January 28, 2009

i remember that shirt on the fence

he knows what he's waiting for
he's been shown the door
it's happened to him before

there is no circumstance
no unjust romance
there's only sudden happenstance

making his way through fenced-in fields
marking time, his cloak and his shield
always weighed more than they could yield

he'll rule the day away
from a back room delivery bay
it was always meant to be this way

let it bleed

we have a new treasury secretary. he name is timothy geithner. he forgets to pay self-employment taxes, but we're hoping he can turn a stealth hand unlike hank paulson. there are suggestions of how he should handle part 2 of the TARP plan.

"panic in detroit." i love david bowie's aladdin sane more and more every day. "he looked a lot like che guevara, drove a diesel van. kept his gun in quiet seclusion, such an honorable man. the only survivor of the national people's gang, panic in detroit, i asked for an autograph, he wanted to stay home, i wish someone would phone, panic in detroit." great song.

these companies are not firing people.

cameras processing real time decisions.

FDIC might run bad bank that gobbles up bad assets.

why dealing with indebtedness is so hard.

Tuesday, January 27, 2009

the kids don't stand a chance

i recently saw sam donaldson make a case for expanding credit and allowing the taxpayer the ability to be able to continue to borrow money. he claimed that would fix the mess we are in. if his solution sounds familiar, it's because that's the reason we got into this mess. cheap money. excessive borrowing. leveraging debt. it's not time to borrow more money, it's time to pay it back.

they also mentioned something called the paradox of thrift. this is a theory put forth by john maynard keynes. this theory says that during times of economic depression, people save their money, thus compounding the situation by a fall in demand and stifling ecomonic growth, thus lowering the real amount of savings for all involved.

keynes magnum opus is a book called "the general theory of employment, interest and money." i've never read it, but i intend to this year.

anyway back to what i was saying earlier, the consensus seems to be that a massive stimulus package will start to grease the gears of this economy. i'm not sure that is going to help. lots of this goes over my head, but it seems to resemble a person who you first thought had a cold and it turns out they're much sicker than you thought. and not only are they much sicker, they were a closer to end than anyone imagined. that's how i'm feeling right now about our situation. hopefully it's just a cold.

lots of new albums out this year already:

ac newman
franz ferdinand
animal collective
andrew bird

the super bowl is this weekend. whoo!

Monday, January 26, 2009

rebel side of heaven

man, it's good to be back on the grid. i've been living in a solitary office with no connection the world outside. they only thing i knew or was able to tell was the weather. that was it.

the top 25 paying companies.

there is a new marketing blog on the street. go here to get an insider's perspective on the marketing scene. i have no idea what he's talking about, but it's quite interesting.

here are the 25 best financial blogs going. i do not appear on the list.

i had a friend recently tell me that only 20% of women actually experience their water breaking before pregnancy. if you watch television/movies, not only does every woman's water break, but it creates a tidal wave, like a splash from a bucket of water three stories high. when in reality, a woman is probably wearing pants, or something, and that will soak up the prenatal bath water. so yeah, apparently 80% of women do not have their water break. which means, they are standing/sitting/jumping one minute, the next minute, there's a baby. that's how it works, or at least that's my understanding anyway.

today has been a good day. i hope tomorrow is too.

Thursday, January 22, 2009

prank calls

i've been gone a while.

i'm back.

but now i'm gone again.

Sunday, January 18, 2009

beyond belief

the arizona cardinals will face the pittsburgh steelers in the super bowl. wow. pittsburgh's schedule was ridiculous this year. i thought no way they even make the playoffs. but brady goes down, cleveland is, well, cleveland and dallas lays down when smacked around. they showed exactly what it takes to win in the NFL. now, the cardinals. i would go on record as saying they are the most unlikely super bowl team ever. ever!! when has there ever been a team like the cardinals go to the super bowl? huh? they defeated a run happy atlanta team, a what i thought was tough carolina team and finally upending a hot philly team to go to the super bowl. i was rooting for them too. i like kurt warner. i like to see that guy win. it makes me smile.

i went to church with my mom today. i like doing that. i got to see a lot of people i don't get to see regularly. and they always are happy to see me. makes me smile.

i ate a lot of pizza this weekend. too much. i also did a lot of laundry. it was great.

Thursday, January 15, 2009

lady grinning soul

weird day man. i feel unmotivated. i feel astray. i have no classes. this is what i dreamed about for so long. but really, was it? probably not. i never disliked school. i disliked the stress. but man, i miss the stress. i miss the deadlines. i miss the decisions, the quick-thinking. i stopped by a local pub and grabbed a beer after work. i just sat there and wondered what am i doing? i have so much more to do, but i have no energy. i have no drive. my goals are right there. i have to think it's only a momentary thing. i know it is. i'm just getting accustomed to new routines. i have to make myself go, no more chapters to be read. no more tests/quizzes/exams. man, those were great. it's fine. i'll get out of it. i wish it warm.

man, i wish it was warm.

when i was at the pub, i scrolled through my phone and realized i literally have no friends in this town. they all live somewhere else. no one to grab a beer with. i've lived here for practically all my life and i have no one to grab a beer with. that's amazing. i need a new phone. with new people's names.

i'm either going to do two things tonight: 1) go to the gym or, 2) get some tostida chips and eat tamales and watch crap tv. i should probably sit here and polish my resume.

i think i'll do that.

watch that man!!

Wednesday, January 14, 2009

simon smith and the amazing dancing bear

man this office is lame. nice, lame people.

here is a great interview with niall ferguson.

here is the link for the entire series of "the ascent of money."

i hope people are still paying attention to our economy. obama will be here in less than a week. but it's not looking good right now.

i just ate three just-a-burgers from what-a-burger for lunch. i feel like i want to take a nap, but i'm assuming my coworkers will become uneasy if i strip down bare and cuddle under my desk to take a little nap. i should take this up with HR.

i just purchased another book called "when genius failed."

i'm currently reading three books, one of which i'm reading for the second time. the first one is "the origins of financial crisis." that's the one for the second time and the two are called something and something about something. you can look it up.

tonight is top chef. i will firmly planted on the couch at 9:00 p.m. i would wager that carla is going home tonight. either her or a surprise pick like fabio. by the way, padma is smoking hot. my goodness.

Tuesday, January 13, 2009

don't let me down

the beatles playing on the roof at abbey road studios would easily get my vote as the coolest moment in rock and roll. imagine your favorite band, collecting their gear and setting up on the roof of a nearby building in downtown somewhere and they start playing new material. not only that, but look at the footage. they look cool as shit. they have beards and awesome british clothes with coats. and it looks cold and dreary and they're rocking out. it literally gives chills every time i see it.

"get back, get back, get back to where you once belonged."

stolen shoes and a rifle

"and a giant waking bird shakes the trees above my head
stolen shoes and a rifle, i just can't seem to stay dead."

Monday, January 12, 2009

phantom limb

i have extremely cracked knuckles right now. ever had cracked knuckles? makes like a little less fun. i also have droopy eyes. that's caused by lack of sleep. i have a lack of sleep because my wife chose to put her ice block feet against my leg last night and i woke up and jumped out of bed. droopy eyes is often the result of that situation.

nice piece on 60 minutes about oil speculation.

here's 44 places to go in 2009 from the nyt. if i could pick a place to go in 2009, it would be someplace warm. probably new zealand or austrailia.

i've been reading an excellent book: the origin of financial crises. i've already read it, i'm actually reading it again. i want all the ideas to soak in. i want to be able to justify these talking points or speak out against if i disagree with them. when people start asking questions and you don't really know the answer or even have a clue, it makes you look like a parrot. a lot of people my age are parrots.

here are some of the top accounting firms to work for in 2008. there's one on there from bellaire that my friend lindsey was working at until she failed two accounting classes and they had to let her go. that sucks.

bono's talking with the nyt.

to my friend who texted me the other day: congratulations!! i was unable to return the message. i will fill you in on the details in a more appropriate location, like skywriting.

Thursday, January 8, 2009

cats in the cradle


this is in the top 10 of greatest pictures ever. makes me think of lil benjamin. he threw up the night before. his love of plastic will continue to haunt him. if there was a rehab center for cats with addictions to plastic, i'd take him there. but no such thing exists, because, it's stupid.

Wednesday, January 7, 2009

put me in coach

there are certain cliches in sports that i live by. "pitching/defense wins championships." that is true. even though they didn't win the world series, look back at the houston astros 2005 lineup. it absolutely blows, but their pitching/defense was amazing. so cliches sometimes are true, so they don't bug me.

short-sighted projections, however, really bug me. i like to say, "just because it's true today, doesn't make it true tomorrow." i try to live by that. a friend might hate me today, but love me tomorrow. nothing is set in stone. behaviors/thoughts change. people change. so that's why it's hard to write what i'm about to write. because it's new. it's amazingly new and i'm already judging it, trying to change it, but i can't help it.

post-graduate life sucks. i'm already sick of it. i have so much free time. i'm accomplishing nothing. i feel sluggish and without motivation. i'm laying around watching horrible television and i don't even have cable!! that's how horrible it is people.

i'm ready for something new. i'm thinking of voluteering. maybe downtown at a homeless shelter or some political group. or maybe a church group working with younger people. i have to do something with my time because wasting it is not an option. i've gone three years scheduling a million little things into a finite amount of time and i was amazing. i have to start doing that again. soon.

interview with darryl from the office.

scrubs is back. it was on ABC last night. i actually enjoyed it. they had succumbed to what many sitcoms succumb to which is the death of relateability with the characters. they become unreal, just cartoons. they were real last night and it was nice. i enjoy these people. fictional people.

trillion dollar deficits are now a reality.

i hear the song teenagers from department of eagles and i love it.

Monday, January 5, 2009

that's alright mama

cassandra was the daughter of king priam and queen hecuba of troy. apollo was enchanted by her beauty, so he gave her a gift: the gift of prophecy. she, however, did not return the love shown by apollo. so he rendered her prophecies useless by making her unbelievable. she can see the future, but no one believes her. that would be rough.

i just recently started drinking coffee and while i find it to be a refreshing pick-me-up, i cannot say the same about the small, coffee straws that can be found in offices and gas stations. these straws are dangerous. if you don't completely wrap your lips around the straw, there is a tendency to suck it down your throat causing massive neurological trauma and possible hypoxia. yes, these little straws need to be put up high away on a shelf so adults cannot reach them and hurt themselves. it's a public safety issue and i hope the obama administration gets to work on this issue right away.

pitchfork took about three weeks off and now they're catching up, calling it "while we were out." there's an entry in there about wilco and it includes jeff's sons blog. it's a pretty good read.

mcdonalds has a 401K plan.

speaking of fast food, here is a jack-in-the-box dietery breakdown of their food. take a moment and see how much fat and calories make up just one jumbo jack or ultimate cheeseburger. you will forever swear off this shit. you can do this for each fast food restaurant you've eaten at.

as far as my football picks go, it was a tale of two weekends. saturday: 0-2. sunday: 2-0. so my AFC superbowl pick is out. i have replaced the colts with the ravens. my NFC superbowl pick is still alive, mostly because they didn't play this weekend. they had a bye. so giants-ravens is where i'm putting my money now.

meebo.