So China and Iran want to punish America by selling U.S. Treasuries. I have to say if they do this it will somewhat cripple our balance sheet by inevitably increase the interest rates on U.S. debt obligations.
Pretty intriguing and could punish the U.S. However, I think China and Iran underestimate the Feds willingness to keep these rates low.
Should be interesting to pay attention to this development. My initial gut feeling is that the Commies will never be able to pull this off!
Wednesday, February 10, 2010
Tuesday, February 9, 2010
2.08.2010
CDS information.
If a company's CDS is selling for 612 bps as in the case of AIG when the shit was hitting the fan in 2008, that means that in order to insure $10 million of AIG debt, it would cost $612,000 every year for the next 5 years.
wow!
pg 272, "Too big to fail" by Andrew Ross Sorkin.
If a company's CDS is selling for 612 bps as in the case of AIG when the shit was hitting the fan in 2008, that means that in order to insure $10 million of AIG debt, it would cost $612,000 every year for the next 5 years.
wow!
pg 272, "Too big to fail" by Andrew Ross Sorkin.
Monday, February 8, 2010
2.07.2010
Spending a fuck load of money to travel and see your team in the SuperBowl sounds like a great idea until your team loses! I've been through a bunch of losing with my sports teams and I have been telling myself for the past 5 or so years that I would never blow a bunch of dough on my sports teams even if they made it to the big venue.
Sounds easier said than done. Silly isn't it? Piss away a bunch of money on a sports team and for a bunch of players that you probably don't know or have not even come close to meeting??!!
All said and done, I'd prob still entertain the idea if my teams ever make it to the big dance! ahahaha...I'm fucking crazy!
Sounds easier said than done. Silly isn't it? Piss away a bunch of money on a sports team and for a bunch of players that you probably don't know or have not even come close to meeting??!!
All said and done, I'd prob still entertain the idea if my teams ever make it to the big dance! ahahaha...I'm fucking crazy!
2.06.2010
I am a firm believer of the 80/20 rule. "80% of the productivity is done by 20% of the workforce". I think it may be more like 90/10.
aka...there are a lot of fucking stiffs out there!
aka...there are a lot of fucking stiffs out there!
2.05.2010
"More than a Game" is a pretty damn good movie! Its about Lebron James and his Nationals team he played on in grade school as well as his High School team from Akron, OH. And NO its not just about King James...I promise.
Go see it...its pretty sweet!
Go see it...its pretty sweet!
Thursday, February 4, 2010
2.04.2010
Got whiff of the top earnings today from Hollywood. Because of Avatar's great success of 2009, I would have guessed that James Cameron was the top moneymaker in Hollywood for 2009. But I was dead wrong.
Michael Bay was the highest earner in Hollywood in 2009 @ $125 million....Yeah, WHO??!! He's the director and producer of the Transformer movies. Seems to me like he's the real bidness man sharing in Transformer toy revenues AND DVD sales. BIG UPS to Michael Bay....He probably got a peek at Meagan Fox's booby too...Lucky Bastard times 2 !!
Good chit.
Michael Bay was the highest earner in Hollywood in 2009 @ $125 million....Yeah, WHO??!! He's the director and producer of the Transformer movies. Seems to me like he's the real bidness man sharing in Transformer toy revenues AND DVD sales. BIG UPS to Michael Bay....He probably got a peek at Meagan Fox's booby too...Lucky Bastard times 2 !!
Good chit.
2.03.2010
MMA cage "rental"
If you are wondering how much it costs to rent an MMA cage in order to host an event, it costs about $15,000!
Chaaachingo!
If you are wondering how much it costs to rent an MMA cage in order to host an event, it costs about $15,000!
Chaaachingo!
2.01.2010
2010 SuperBowl Commercial stats
A 30-second commercial this Sunday should cost around $2.6 million, down from $3 million last year. This 13% decline is only the third decline ever and the largest year-to-year decline on record. At $2.6 million, the cost of a commercial is the same as it was in 2000.
**source**
A 30-second commercial this Sunday should cost around $2.6 million, down from $3 million last year. This 13% decline is only the third decline ever and the largest year-to-year decline on record. At $2.6 million, the cost of a commercial is the same as it was in 2000.
**source**
Tuesday, February 2, 2010
1.31.2010
I am by no means a handy man around the house, but my recent enrollment in a Carpentry class made me realize another thing in life.
TOOLS are fucking expensive!! I just continue to tell myself if I average the cost over the life of the product then maybe they don't seem as expensive....ha!
"You get what you pay for" in tools.
TOOLS are fucking expensive!! I just continue to tell myself if I average the cost over the life of the product then maybe they don't seem as expensive....ha!
"You get what you pay for" in tools.
1.30.2010
Johnnie Walker BLUE label is the highest rated scotch whiskey in the JW group. It is VERY tasty!! WOW. Well worth the $225+ price tag per bottle.
From lowest to highest rank (and least to most expensive)
Red
Black
Gold
Green
Blue
Hat tip "E Money"
From lowest to highest rank (and least to most expensive)
Red
Black
Gold
Green
Blue
Hat tip "E Money"
Friday, January 29, 2010
1.29.2010
Haiti donations + tax deductibility
One can deduct donations made to Haiti in either the 2009 or 2010 tax year, but not both. Details include:
Only cash contributions made to these charities after Jan. 11, 2010, and before March 1, 2010, are eligible. This includes contributions made by text message, check, credit card or debit card.
The contributions must be made specifically for the relief of victims in areas affected by the Jan. 12 earthquake in Haiti.
One can deduct donations made to Haiti in either the 2009 or 2010 tax year, but not both. Details include:
Only cash contributions made to these charities after Jan. 11, 2010, and before March 1, 2010, are eligible. This includes contributions made by text message, check, credit card or debit card.
The contributions must be made specifically for the relief of victims in areas affected by the Jan. 12 earthquake in Haiti.
1.28.2010
Border Wars
If you are looking for a new show, I have one for you. Border Wars on Monday nights at 8pm (CT) on National Geographic channel is a dandy!
Shows what goes on in patrolling the Mexico/U.S.A. border...Mainly from Nogales port of entry.
Good shit..check it out.
If you are looking for a new show, I have one for you. Border Wars on Monday nights at 8pm (CT) on National Geographic channel is a dandy!
Shows what goes on in patrolling the Mexico/U.S.A. border...Mainly from Nogales port of entry.
Good shit..check it out.
1.27.2010
FUCK
The word fuck dates all the way back to King Henry's crazy ass! It stems from the phrase, Fornication Under the Consent of the King.
Meaning, you can't bang unless the King ok's it!
Giddy up!
The word fuck dates all the way back to King Henry's crazy ass! It stems from the phrase, Fornication Under the Consent of the King.
Meaning, you can't bang unless the King ok's it!
Giddy up!
Wednesday, January 27, 2010
1.26.2010
A 120 Volt electrical shock is more dangerous than a 230 or 400 Volt shock. With a 120 volt shock, the initial shock isn't as extreme which doesn't provide the instant "release" from the charge. This is dangerous b/c it increases the chances of a person being held to the 120 volt charge. With a higher volt shock, the initial volt is so extreme that it actually throws a person away from the electric charge which disconnects one from the current.
Shizzle!
Shizzle!
1.25.2010
Brett Favre throws a football approx 66-74 MPH which is equivalent to throwing a baseball about 100MPH.....WOW!
Monday, January 25, 2010
1.24.2010
Domaine Boingneres Armagnac is really FUCKING good! Smooth as hell! Well worth the $120/bottle price tag!
Sip sip!
Sip sip!
1.23.2010
I witnessed a robbery on my way home tonight.
A gas station attendant was robbed at gun point and while the suspect was running to get in the get away car, I saw him and the gun. I immediately pulled over and turned around to try and get a license plate #, but there was too much traffic for me to tailgate him. I then pulled into the gas station to make sure the attendant was ok. She was and the cops were called.
I learned what it was like to give a written witness statement. Basically, you go into the police station and sit down in a room and give a statement verbally to a cop....then they ask you to write it down in detail on a sheet of legal paper. They also take down a variety of personal information. It took about 30 mins and I was good to go.
FYI..They caught the fucker that robbed the gas station. The get away car swerved across on coming traffic and flipped over the curb while being chased by the police. The suspect with the gun was ejected from the back window and landed 15 yards away. He is in intensive care after sustaining a gash to his head and severe head trauma.
Karma is a mutha fucka!!
A gas station attendant was robbed at gun point and while the suspect was running to get in the get away car, I saw him and the gun. I immediately pulled over and turned around to try and get a license plate #, but there was too much traffic for me to tailgate him. I then pulled into the gas station to make sure the attendant was ok. She was and the cops were called.
I learned what it was like to give a written witness statement. Basically, you go into the police station and sit down in a room and give a statement verbally to a cop....then they ask you to write it down in detail on a sheet of legal paper. They also take down a variety of personal information. It took about 30 mins and I was good to go.
FYI..They caught the fucker that robbed the gas station. The get away car swerved across on coming traffic and flipped over the curb while being chased by the police. The suspect with the gun was ejected from the back window and landed 15 yards away. He is in intensive care after sustaining a gash to his head and severe head trauma.
Karma is a mutha fucka!!
1.22.2010
**Brokerage account trading**
If you trade stocks in a brokerage stock account and you have under $25,000 "net liquidity value", then you cannot show any "day trade pattern" trading or you will NOT be able to trade for 5 business days.
"Day trade pattern" is 4 or more trades in a particular security over 5 business days that resemble day trading...in, out, in, out, in, out...etc.
I learned that the hard way in Thursday's sell off in CME. I bot and sold it a few times and soon found that I can't put on any trades for 5 business days. I can, however, exit positions if I choose to do so.
Giddy up!
If you trade stocks in a brokerage stock account and you have under $25,000 "net liquidity value", then you cannot show any "day trade pattern" trading or you will NOT be able to trade for 5 business days.
"Day trade pattern" is 4 or more trades in a particular security over 5 business days that resemble day trading...in, out, in, out, in, out...etc.
I learned that the hard way in Thursday's sell off in CME. I bot and sold it a few times and soon found that I can't put on any trades for 5 business days. I can, however, exit positions if I choose to do so.
Giddy up!
Thursday, January 21, 2010
1.21.2010
Emergency Unemployment Compensation
One of the most important numbers that comes out each week is the Emergency Unemployment Compensation or "EUC" number. EUC is a federal emergency extension that provides up to 53 additional weeks of unemployment benefits. It is the number of unemployed people in the U.S.A. that have essentially ran out of their state unemployement package and are receiving FEDERAL unemployment benefits! This program is 100% FEDERALLY funded. These people can apply within 2 weeks of their last state unemployment package and see if they can get EUC. Today, this number came out with a WEEKLY increase of 652,000 for a running total of 5,654,544!! Yes, 5.6 MILLION people. Roughly 2-3% of the US population.
Check out this table courtesy of zerohedge
One of the most important numbers that comes out each week is the Emergency Unemployment Compensation or "EUC" number. EUC is a federal emergency extension that provides up to 53 additional weeks of unemployment benefits. It is the number of unemployed people in the U.S.A. that have essentially ran out of their state unemployement package and are receiving FEDERAL unemployment benefits! This program is 100% FEDERALLY funded. These people can apply within 2 weeks of their last state unemployment package and see if they can get EUC. Today, this number came out with a WEEKLY increase of 652,000 for a running total of 5,654,544!! Yes, 5.6 MILLION people. Roughly 2-3% of the US population.
Check out this table courtesy of zerohedge
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