Deep Woods Moola
The World’s Moola Redux
It was
only a week ago when we woke up to understand that
with a little encouragement from President Obama,
European countries had come up with a trillion
dollar plan to save the Euro and everything would
soon be back to change we can believe in. One week
later, we are wondering compared to the dollar how
far the Euro will fall, or even if the currency
will continue to exist.
Then there is all that dirty air over there, caused by that pesky volcano in Iceland. How in the world are we supposed to fly around from here to there, showing everybody how wonderful all the stuff we have created is doing, when we are thwarted by our efforts by some tiny airborne particles of abrasive rocks?
Here in the good old USA the Gulf of Mexico Oil Spill continues, with no apparent understanding of how well the funny pipe thing fix installed yesterday is going to work. So in the absence of any news on that front, concern has shifted to what is happening to all the oil that is now floating around. Should we use dispersants that may cause more ecological problems than the oil itself? How far will the oil go, how fast? Can BP even continue to exist as a company in light of all the expenses and legal claims? One thing I did learn is that deep sea water is about 3 degrees Celsius, (35 Fahrenheit), and at those depths and pressures that is really a different place than what we naturally can understand, so perhaps we should cut those engineers a little slack.
Less we forget, there is no real news on what caused the near 1000 point fall in the Dow a week ago last Thursday. There was some discussion of a big trade(s) made by somebody about that time, but whoever they were, denied that they had anything to do with it. So the search goes on, but with markets being controlled by computers using models based upon past histories and triggered by various algorithms of risk, we should really have nothing to worry about. That is especially true if we are big and sophisticated enough to buy some credit default swaps, to insure our leverage, so that the white holes in the universe that spew out money will remain our back stop.
Let’s see what else caught our attention? Out of Washington, if Elena Kagan becomes the next Supreme Court Justice, this Washington state’s governor, Kristine Gregoire is favored to be the next Solicitor General. That would be a real blessing out here, for after her life as both a mediocre state Attorney General and Governor, the best we could ever hope to do is shuffle her off to that other Washington and get her out of the state, hopefully for good.
Then again maybe she could replace Eric Holder as the national Attorney General, she is wise enough to understand before you go spouting off about the Arizona Immigration Law, she would have read the 16 or 10 pages of the Arizona bill, before and after amendments. Read More...
Then there is all that dirty air over there, caused by that pesky volcano in Iceland. How in the world are we supposed to fly around from here to there, showing everybody how wonderful all the stuff we have created is doing, when we are thwarted by our efforts by some tiny airborne particles of abrasive rocks?
Here in the good old USA the Gulf of Mexico Oil Spill continues, with no apparent understanding of how well the funny pipe thing fix installed yesterday is going to work. So in the absence of any news on that front, concern has shifted to what is happening to all the oil that is now floating around. Should we use dispersants that may cause more ecological problems than the oil itself? How far will the oil go, how fast? Can BP even continue to exist as a company in light of all the expenses and legal claims? One thing I did learn is that deep sea water is about 3 degrees Celsius, (35 Fahrenheit), and at those depths and pressures that is really a different place than what we naturally can understand, so perhaps we should cut those engineers a little slack.
Less we forget, there is no real news on what caused the near 1000 point fall in the Dow a week ago last Thursday. There was some discussion of a big trade(s) made by somebody about that time, but whoever they were, denied that they had anything to do with it. So the search goes on, but with markets being controlled by computers using models based upon past histories and triggered by various algorithms of risk, we should really have nothing to worry about. That is especially true if we are big and sophisticated enough to buy some credit default swaps, to insure our leverage, so that the white holes in the universe that spew out money will remain our back stop.
Let’s see what else caught our attention? Out of Washington, if Elena Kagan becomes the next Supreme Court Justice, this Washington state’s governor, Kristine Gregoire is favored to be the next Solicitor General. That would be a real blessing out here, for after her life as both a mediocre state Attorney General and Governor, the best we could ever hope to do is shuffle her off to that other Washington and get her out of the state, hopefully for good.
Then again maybe she could replace Eric Holder as the national Attorney General, she is wise enough to understand before you go spouting off about the Arizona Immigration Law, she would have read the 16 or 10 pages of the Arizona bill, before and after amendments. Read More...