Monday, October 13, 2008

Is That A Bell?




I believe I see the bottom today.
They say it's hard to tell,
and they don't ring a bell.
But with futures turning green,
And cheaper gasoline,
The central bank's guarantees have calmed their colleagues' unease,
So they'll feel comfort in lending away.
Happy Columbus Day!
So, is the recovery here? Maybe. Let's at least enjoy the respite. How? Well, by singing show tunes, of course. It's free! So, here's a song for all of us little people who have been waiting for the big shots to get their act together.
Ding Dong! The Witch is dead.
Which old Witch?
The Wicked Witch!
Ding Dong! The Wicked Witch is dead.
Wake up - sleepy head, rub your eyes, get out of bed.
Wake up, the Wicked Witch is dead.
She's gone where the goblins go,
Below - below - below.
Yo-ho, let's open up and sing, and ring the bells out.
Ding Dong' the merry-oh, sing it high, sing it low.
Let them know The Wicked Witch is dead!

We should all break even by 2017!

Sunday, October 12, 2008

Someone Has To Just Say It

Sarah Palin is an ignorant, hate mongering, dangerous racist.
That sentence could have been a lot longer.
She is obviously unfit to be Vice President of the United States.
The people of Alaska should be ashamed they elected her Governor.
I am ashamed that she is partly defining our national political debate.

"Our opponent though, is someone who sees America it seems as being so imperfect that he’s palling around with terrorists who would target their own country?" - Governor Sarah Palin

It could really happen here.

Sarah's muse - Westbrook Pegler, who was kicked out of the John Birch Society for being too extreme and anti-Semitic, quoted by Palin in her Republican Convention acceptance speech:

"We grow good people in our small towns, with honesty, sincerity, and dignity." I know just the kind of people that writer had in mind when he praised Harry Truman.I grew up with those people. They are the ones who do some of the hardest work in America ... who grow our food, run our factories, and fight our wars.They love their country, in good times and bad, and they're always proud of America. I had the privilege of living most of my life in a small town.

Good Old Westie - No Jews for him

Friday, October 10, 2008

More Glimmers of Hope

Crude Oil prices as of this morning:

BRENT CRUDE FUTR (USD/bbl.) 78.800

WTI CRUDE FUTURE (USD/bbl.) 82.280

Side note - These are both prices for one barrel of crude oil on the New York Mercantile Exchange (NYMEX). Brent is from the North Sea, north of Scotland and WTI is from Texas. Both are considered "sweet crudes" meaning lower sulfer content, which makes refining cheaper and yields more gasoline per barrel. Generally, WTI (West Texas Intermediate) has been considered the "benchmark" price that you will hear newsies quote when they give a single price for oil in their reports.

This is good news for lots of reasons. First because there will be more money in your pocket after gassing the car, but also because the trend is declining, which means supply is exceeding demand and the price will continue downward.

So, I'd say it's too early to give up all hope.