A lot like open talk Tuesday, only more ‘thready’ ;-)
I’m now sans wisdom teeth. It’s been about 3 hours since the local anesthetic wore off (along with the diaszepam) and I’m now “into it” two vicodin. The discomfort is at an “OK level” and while I’m feeling pretty alert, I’m also aware that I’m “cycling” a bit between more and less alert as various pills dissolve and wear off… Not an ideal state for in depth contemplation of intricate technical issues…
So, with that, it’s time for y’all to carry the interest load for a while. How long? I’ll let you know tomorrow…
Not sure if I’m going to sleep tonight, so you may see comments from me, but don’t expect a lot.
In general, things went very well, FWIW.
Well, there is the Stuporcommittee haggling over $1 Trillion of ‘cuts’ that they define as reductions in the projected increases of spending and adding taxes too. All while we simply do not have the money to do anything other than make about $2 Trillion of cuts FROM THE ACTUAL EXPENDITURES LAST YEAR, and the economy will not support any added taxes (besides, as we saw earlier, it doesn’t matter much what they set the tax RATE to be, the Feds only collect at most 18%. Not a hypothetical, actual history. Folks change their behaviour and the “take” tops at 18%…)
We’ve got a heck of storm making the west to midwest cold and very snowy. I’d thought of putting up a posting about the 20 or so ski resorts already open, but not going to happen. Ski or snow oriented people could look up their favorite resorts and post the opening date… Vale and Sun Valley are, IIRC, open, along with a couple in N.Hampshire and Vermont. Squaw and Heavenly are reported to be opening “soon”. Thanksgiving is often a pivotal day in ski land. Openings in cold years are before Thanksgiving. Warm or dry years, well after. If resorts are opening prior to Thanksgiving, then we’ve got the precipitation and it’s COLD. No B.S. can change that simple fact.
We’ve got some odd quake rumblings happening, mostly away from slip faults and near places with prior volcanic activity. I think that’s likey tied to tides in the magma (probably via an 1800 year lunar cycle). Would be interesting to now if anyone has a correlation done
Oh, and then there is the Republican Implosion Of The Week. Can’t we just draft Gov. Christie and be done?
And, of course, we have the ongoing Euro Implosion where Germany has said Greeks need to be more German while the Italian bond rate has spiked “way high” as investors have figured: They will not be Germans. They are likely to default. The eventual reduced payment, after the “haircut”, will likely be paid in New Lira.
This has lead to markets having a swoon as the news traveled around the world. Oh, and the EFSF said maybe they won’t be buying so many bonds after all (perhaps as THEIR bond rate jumped a percent and a half or so in one day on the news that they might be buying more PIIGS bonds…) Investors are catching on to the “Junk By Proxy” bond relabel game…
Oh, and oil in the USA is headed for over $100 /bbl causing some folks to ask “How can folks who have no money and no job, with higher taxes coming, and government that is tuning their fiddles; how can they possibly buy MORE stuff? So China has taken a bit of dive on the idea that they might not be able to sell more stuff after all. Even if Obama was not trying to insult them with putting a token 250 troops in Australia (as though that would do anything at all if China showed up on the shore with 1/2 Million Soldiers…)
With that, here is an Excellent Video posted by Scarlet Pumpernickel:
OK, time for me to to do some more ‘self care’… Over to you…