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8/23/10

Music Break: The Tremeloes

LIVE 1967: Here Comes My Baby...

Arizona Midterm Primary Election Tomorrow

Slow Early Ballot Returns, Rise of No Party Preference Voters...

In this local news video the media people are missing an opportunity to educate the voter population and are misusing the term "Independent Voters." Arizona does not recognize the Independent Party and our system is designed to choose among four parties (Green, Democrat, Libertarian, Republican) or select No Party Preference. The No Party Preference designation allows the voter to select one party ballot (except Libertarian) of the four parties and vote in that partied primary. The term "Independent" is misleading and confusing to voters but unfortunately mainstream media tv people think it's simpler.

http://www.abc15.com/dpp/news/state/inside-arizona-politics:-voters’-indecision-leading-to-slow-early-ballot-returns

Quote of the Day: John Mauldin

Embrace the challenge...

On how to get through this mess

This is a far different environment than we've had the last 70 years. Using past performance to predict future results when the future environment is significantly different than the period in which the data was collected is misleading at best and worthless at worst, leading to bad decisions. Much better to deal with reality.


[T]he 70s were a real bitch. I woke up many times in the middle of the night with real pains in my stomach wondering whether to pay the rent or make payroll. So did a lot of people. But look at all the new companies that came out of that era and changed everything: Microsoft, Apple, Intel,etc. Cell phones. The Internet. The list is long.


Yes, we have to make our way in this Muddle Through World. It will be challenging, but I can almost guarantee you that when we do there will be other challenges. If it was easy everybody could do it and there would be no money in it. Embrace the challenge!

from "How We Get Through This Mess"
John Mauldin
The Big Picture

We Have Met The Enemy

And He Is Us...

Pogo






Walt Kelly 1971

8/21/10

Music Break: Bryan Adams & Luciano Pavarotti

'O Sole Mio...

Live Modena, Italy 1994

Quote of the Day: Peggy Noonan

The Romans had too much information...

And there was the way people consumed information. The Empire was awash in texts. "Elite, literate Romans were discovering the great paradox of information: the more of it that's available, the harder it is to be truly knowledgeable. It was impossible to process it all in a thoughtful way." [William Powers] People, Seneca observed, grazed and skimmed, absorbing information "in the mere passing." But it is better to know one great thinker deeply than dozens superficially.

"Information Overload Is Nothing New"
Peggy Noonan
WSJ Opinion 08/20/10

Jettison and Salvage

Flotsam, jetsam, lagan and derelict...

These days I have no idea what to think about how the deepening economic crisis will proceed. We're certainly deluged with information about it. Does it really matter what graph we look at? Which blog we read? What channel we watch? Realistically we all know one thing, we're in for one heck of a Day of Reckoning and the bottom line of it is debt.

A lot of debt is owed by a lot or people, businesses and governments, borrowed from a lot of people, businesses and governments, that can't pay it back. There's even a question if the money was ever real. It's all in such a big knot too large to unwind so it will unravel. Rapido. At the core, it is that basic.

The news seems grim, America is holding it's breath and pulling it's gut in. The stock market will crash, houses will sell for 10 percent of what is owed on them, banks will fail, unemployment will skyrocket. Prognostications range from doom saying to revolution to enlightenment with some distinct popular trends developing among the variations.

There are a lot of graphs, charts, visuals and words out there to elevate what is already Drama on the High Seas. I'm not oblivious that there is going to be a lot of flotsam, jetsam, lagan and derelict floating around all of us after havoc is wrecked. It's still not clear to me though what purpose all of this information serves to prepare us for dealing with a long-road-back future.

Think I'll  just decide what to jettison, what to tie down and mark ligan, what to let go derelict. Salvage is ongoing and I can't really do much about what goes flotsam


Just in case you did want to look at yet another graph

Today's House Prices Are Still Higher Than The Previous Bubble High
from Business Insider
David Michael White




Michael David White is a mortgage originator in 50 states

8/20/10

Music Break: Aretha Franklin

Chain chain chain of fools...

http://www.youtube.com/watch?v=8ffl3KxY3g4&feature=related

Quote of the Day: Ben Quayle

Son of a...

"I am not Brock Landers." 
Arizona 3rd Congressional District Ben Quayle, on allegations that he co-founded a risque, sex-themed website under a pseudonym.

Arizona Capitol Times

Ben Quayle, Drifter

My Dad taught me everything I need to know...


including that website thedirty.com you deny all knowledge of?

http://www.youtube.com/watch?v=vnxn_3w1rYo