Monthly Archives: September 2008

Micro-disaster

My experience in recent days is a perfect example of the follow-on effects of bank failures. And my experience isn’t even related to a complete failure, in the traditional sense. The story: I had been keeping my investments in a brokerage account at Lehman. I was relieved to learn that Lehman’s brokerage business had been […]

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“In this present crisis…”

“…government is not the solution to our problem; government is the problem.”

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Mish and Hussman

Mish’s Global Economic Trend Analysis: Open Letter To Congress On The $700 Billion Paulson Bailout Plan. What Caused The Problem? The Fed Congress Fractional Reserve Lending The Treasury The root cause of this problem is the Fed micromanaging interest rates, the Treasury cheerleading every step of the way, and Congressional sponsored spending that went wild. […]

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Who’s socialist now?

Actually, I’ve got a better suggestion: Venezuela. On Friday last week, Hugo Chávez, the Socialist president of Venezuela, gave a speech in Caracas where, according to Reuters, he said, “The United States has spent $900 billion, four times what the Venezuela produces in a year, to try to boost the troubled finance system and housing […]

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The fake rally

So the Dow as I write this is up something like 700 points for the past two days. While on an emotional level, this feels good, I can’t help but think this is a sham. For one thing, it looks like this is driven by short covering activity. Second, shorting is now banned. So there […]

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Is the boom over?

(BTW: That Lehman post going up just now looks stupid, I know. I wrote it on Sunday, but it only got posted today because I forgot to hit ‘publish’ on Sunday. I only hit ‘save’. Oops.) So obviously, the recent post-9/11 boom is over. But that’s not the question. I’m wondering if the recent post-80′s […]

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Split Jerk

Split Jerks.. 105/115/115/125/135/140f/140 PRs on the 135 and 140. The PRs feel good now that I have been doing these workouts and movements for a while. Early PRs when one has never really done something before don’t feel all that impressive, just because there is no sense of where you are to begin with, but […]

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Lehman Bros, RIP

It looks as though Lehman is filing for bankruptcy tomorrow. Here is the story of the day from Andrew Sorkin in the NYT. So it’s a good thing that the fed has chosen not to bail out Lehman, but of course the broader ramifications are frightening. You have of course the deleveraging associated with Lehman […]

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The Chief!

The Chief: 5 rounds: AMRAP 3 minutes: 3 Power Clean (135/85) 6 Push-Ups 9 Squats 1 Minute Rest The Chief, 105 lbs: 3/3/3/3/3 = 15! Some thoughts on goals and things. I’ve been crossfitting since about May, and trying to keep with the Zone since then as well. When I started at OCS I weighed […]

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