Apart from getting serious about the financial sector, something that might take another 10 years like in Japan, the only other alternative we’ve got is to resolutely invest in domestic production of high growth potential ventures like wind energy (already going strong) battery technology, solar and cheap ways to recycle CO2. Retrofiting our buildings and rebuilding our infrastructure should be high on our list too.

Alas, instead of systematically calling out the stupidity of the Republiscums and Blue Dogs in Congress, (show me a tax cut that will produce jobs WHEN THERE IS NO CREDIT AVAILABLE), Obama has decided to cut the pear in two and play realpolitik.

With such an absence of consensus and leadership, we’re not out of the woods yet, not by a long shot.

I was #1 in the rally this time and I didn’t even wait for #3 to climb on board this time before leaving.
And yet, the rally continues. Playing small for now.

employment lags with the exception of temps–they’ll bounce with any whiff of demand recovery. Didn’t happen.

Plus, i always point to debt– check out St Louis Fed’s data. Corporate debt yields going higher [all those those debt deals done last 6 months were likely battening hatches and shoring up balance sheets to avoid need for short term credit lines-- a fake out i believe for the bullish case]

yet, the market moves higher it seems: the H.T. three phases fro bounce: 1. speculative money in first; 2. lemming PM’s [portfolio managers] next; 3. Joe six pack [that # 1 sells to, and #2 gets on and talks their book on CNBC as long as possible to get out with a few %'s] But then there’s always Keynes’ famous quote…

LB:

Do you find it difficult to advance otherwise sound arguments using the terminology you’ve chosen? For example:

“Please listen to me while I [explain this really good idea] about those f’ing loser a**holes in Fraudfield County”.

reply:
——————-
It’s hard to swear well. Most people just cuss, although on Deadwood it made a good drinking game. Rickard Pryor turned swearing into poetry. I don’t think there’s anything wrong with a good rant that involves filthy language if it’s done with passion and eloquence. Every now and then, someone adds a new word to my vocabulary and increases my word power. Don’t be a prude or a tightass.

I think that those familiar with LB are aware that most of our comments concerning Fraudfield County and its delightfully conspicuous consumers are posted with more than a degree of affection and a healthy dollop of irony. For an even more rollicking and rambunctious portrayal, you could read the Naked Shorts site, or open your eyes and see real life, for that matter.

After all, it’s not as if everyone in Darien, Greenrich and New Canaan spends all day having new marble counter-tops installed in the dog’s kennel while shorting Spain and leveraging crude oil to the moon so that grandma can’t afford to heat the house in winter. Indeed, there is much to love and admire in The Nutmeg State and many good people living Between the Hedges.

If I played fantasy baseball, I would play it more objectively. No doubt about that.

OT:
@ MEH:

6×6 H2H means a head-to-head fantasy league with six offensive and six defensive categories.

@ Leftback: If you are seriously posting from St. Lucia, you need to throw your laptop or crackberry in the water pronto.

@Mannwich: Being a “homer” (i.e., allowing favorite team sentiment to get the best of you) is fatal in fantasy leagues. Every now and then you just have to hold your nose and pick up a Yankee.

Do you find it difficult to advance otherwise sound arguments using the terminology you’ve chosen? For example:

“Please listen to me while I [explain this really good idea] about those f’ing loser a**holes in Fraudfield County”.

Admittedly I struggled with that in the past, and eventually learned that people will read what you write if you’re a little more clear headed about not revealing overt biases in your posts.