Here’s thinking of you poor bastards!
The rest of you have a relaxing — and safe — holiday.
>
via the New Yorker
"My formula for success is rise early, work late and strike oil." —John Paul Getty
Consumer Credit outstanding fell $14.8b in Sept seasonally adjusted, almost $5b more than expected and marks the 11th month in the past 12 of declines. At $2.456T outstanding, it is 4.9% below the record high in July '08. After a flat reading in Aug, (didn't fall b/c of the CARS program), non revolving debt outstanding fell by $4.9B. Revolving (mostly credit cards) balances outstanding fell by $9.9B. To fully put into perspective today's data, look at the current level of consumer credit (doesn't include mortgages, the biggest chunk of consumer credit) relative to GDP. As of Q3, it totaled 17.2%...
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July 2nd, 2009 at 3:51 pm
Back in my rookie days, I had to pull holiday duty.
It sucked!
July 2nd, 2009 at 6:17 pm
BR-
peace brother- have an excellent 4th of July weekend-
I may even get off my lazy ass this year and go down town to the National Mall to watch the fireworks- it is a whole 20 miles away- so- will really have to think about it-
problem is- i know I can always do it next year
July 2nd, 2009 at 6:55 pm
Ahab:
Haven’t been to the mall since ‘76. If you go, have a good time. I’m going down to Smithfield to be with my step-son, who is due to ship out to Korea for a year (he’s got a wife and kids — one with Downs syndrome — so his deployment will be really hard on everyone), and a few other relatives, and my son, with whom the courts generously let me spend a few weeks in the summer.
Gots me some relatively powerful rockets of questionable legality, six racks of pork ribs, which I’ve already put the rub on and will commence slow-cooking tonight, 3 good bottles of quaffable white wine, and a bunch of Belgian style ales.
RE: The cartoon:
It’s probably an accurate reflection of how records are being kept. Confusion is a good cover for criminality, and only underlings will be blamed.
RE: 4th of July:
I don’t think we’re independent anymore.
Y’all have a good holiday.
July 2nd, 2009 at 6:56 pm
Only doing work that I want to do. Have a great Holiday!!
July 2nd, 2009 at 7:03 pm
Marcus-
sounds like you are set up for a great time with ribs and rockets-
good luck to your step son- and have a great time with your son now that he is close by-
luckily my ex-wife lives about 5 miles down the road- so I see my kids about every day- blessed for that alone
July 2nd, 2009 at 7:06 pm
y’all have an awesome long weekend all
i’ll be ridin’ my road racing bike
and eatin’ some ‘Q w/some old friends
…+sippin’ a few Johny Blacks in the pm…
July 2nd, 2009 at 7:19 pm
@ BR:
“Back in my rookie days, I had to pull holiday duty. ”
Are those the days of your facebook picture?
July 2nd, 2009 at 7:35 pm
@ BR:
“Back in my rookie days, I had to pull holiday duty.”
You’ll be pleased to know that us rookies out there are still pulling holiday duty. The cycle continues
July 2nd, 2009 at 7:42 pm
@ahab: Was once on the Mall for fireworks on the Fourth. Sitting right under them. Spectacular. Get near the Basin, between the Jefferson and Washington as I recall.
Have no idea what the crowds and traffic are like now. I assume you’ll be taking the Metro.
Treat yourself to a lil peep watchin. Should be hot. Hope for an afternoon thunderstorm that clears out by 6 pm.
Probably going to seek out some ‘works in this area. Love ‘works, hate crowds, so it becomes a challenge. Have some really nice pyros of my own, but right now no place to safely blast. And it’s way too dry here to take a chance. New Years works better here. And since I moved, I lost my July 5th half price source. Darn.
Keep getting newsletter from Harry Gilliam, and keep getting tempted to brew my own, but mixing black with Alfred e is probably a really, really bad idea. May at some point seek out one of the pyro clubs. There is one company here that makes shooting targets that explode when hit with a bullet. Sounds a little bizarre to me. But then who am I to call something bizarre.
Kind of interesting that in this day and age, people are still shipping pyro ingredients around the country. The feds are slowly but surely trying to squeeze them out, but all those NRA kooks want to be able to load their own for the revolution. Had a friend that loaded his own. He kept changing his loading location. He once said that it doesn’t matter how careful you are, sooner or later enough powder will accumulate and you’ll blow yourself up. Guess that’s why they make fireworks in explosion limiting bunkers.
July 2nd, 2009 at 7:54 pm
Yup, working this weekend at my night job: janitor at the local mall. Surprisingly, half of the janitors there are older, financially displaced women like me. Kinda cool, actually.
Wrenches rock. lol!
July 2nd, 2009 at 10:58 pm
Or you can get stuck on multiple IT projects that require outage windows of longer than 2 days to implement. No Holidays this year.
I can’t wait till labor day is done.
And I really like doing the pyrotechnics with the kids. Nothing better in the world than lighting up a few black cats or Thunder bombs.
July 3rd, 2009 at 12:09 am
Some reasonable person must have taken Barry under their wing at some early stage. I believe studies have shown that good early employment and mentors are an important factor in subsiquent success. I wonder which great mentors Barry had.
July 3rd, 2009 at 8:26 am
So… after the right wingers – who didn’t understand a 363 Bankruptcy filing – screamed that people “would buy anymore debt” We see investors are buying mountains of it:
http://www.reuters.com/article/etfNews/idUSN3044902920090630
And the mortgage and refi markets are going strong after the right wingers claim “mortgage modifications will kill the mortgage market…”
http://www.reuters.com/article/marketsNews/idUSN3044746220090630
And look at all those US gov’t debt auctions. Success.
http://www.ustreas.gov/offices/domestic-finance/debt-management/auctions/
The next time they complain about something, ask them why their “guess” that the US debt markets would be ruined, wasn’t.
LOL at the Right-Wing media pundits.
July 3rd, 2009 at 8:34 am
I bought a house on Monday, moved on Tuesday. Still unpacking, still sore. I will not be at “work” this weekend, but will not exactly be seated very much. The toddler loves it, able to do laps around the center staircase, so that keeps you on your feet too.
I was at the Mall for y2k 4th of July. It was stinking hot. 100+ By 10pm it had cooled to around 96 degrees. odd benefit is that I didn’t have to find a bathroom but once.
Stocks….. Karen, I have been reading Hussman weekly (if not timely) based on a few recommendations from you. He seems to be looking at late this year for the second//another wave of mortgage problems. Barry is 80% in equities. I am still on the sidelines with a small short position. Missing trading opportunities left and right. Oh well.
Costco sells fireworks in PA. I was debating introducing myself to the neighbors with a loud, showy spectacle. Been too busy so far. Reading the comments, I do need to stock up on some proper beverages. Closing costs sure do add up. I’ll see if PBR is on sale. (:
cjc
July 4th, 2009 at 8:13 am
Those who aren’t working today may elect to spend the day in some kind of cave, as North Korea is rumored to prepare a strike against the U.S. today:
http://news.yahoo.com/s/ap/20090702/ap_on_re_as/as_nkorea_missile
July 8th, 2009 at 7:37 am
Funny, the announced strike actually took place:
http://finance.yahoo.com/news/Government-Web-sites-attacked-apf-1342411279.html?x=0&sec=topStories&pos=2&asset=&ccode=