Posts filed under “Really, really bad calls”

How to Bury the Lede

The following narrative and news item comes my way via a professional journalist (cue the oxymoron jokes) friend.  Emphasis mine:

Now, when you’re in the sports information business, you generally highlight the exploits of your own team, not your opponents. With very, very, very rare exceptions. I’d say the eighth Division I perfect game in the last half-century might be one of those rare exceptions.

But nope, I’d be wrong. Because here is the George Washington write-up of the game:

The George Washington baseball team held No. 1 Virginia to just two runs on Tuesday evening at Davenport Field but were unable to compliment the strong pitching performance at the plate, falling 2-0.

GW (7-18) pitchers Tommy Gately, Kenny O’Brien and Craig Lejeune combined to hold Virginia (25-2) to just two runs on six hits. The top-ranked Cavaliers entered the game batting .297 as a team and averaging over seven runs per contest.

Hmmm. Ok. Tell me more.

Gately got the start for GW and pitched three innings, allowing just three hits and two earned runs with one strikeout. He worked his way out of a bases-loaded jam in the bottom of the third by inducing two pop outs.

Both Virginia runs were scored in the bottom of the fourth inning after Gately exited the game. Ryan Levine led off the frame with a single and Kenny Swab followed with a walk to put two on with no outs.

Gotcha. How about the Cavaliers? Did they do anything interesting?

Virginia would score their first run after Reed Gragnini reached on a fielders choice. Another run would score via a balk but O’Brien escaped the inning without any further damage and allowed just two hits over the next three innings.

Oh. Ok. And, uh, nothing else noteworthy? Wait, what’s this is the seventh paragraph?

The two runs were all the Cavaliers would need as starting pitcher Will Roberts was perfect on the mound, striking out 10 batters en route to the eighth nine-inning perfect game in NCAA Division I (since 1957) history and the first since 2002.

Category: Really, really bad calls, Sports

I am aghast. I am watching Squawk Box, and the stream of misstatements, political jargon, and sheer falsity is overwhelming me. Let me clarify this for you, Joe Kernan: You want to know what the biggest threat to the economy in a century was? RECKLESS OVERLEVERAGED, UNDER-CAPITALIZED BANKERS and the COLLAPSE OF THE FINANCIAL SYSTEM…Read More

Category: Bailouts, Financial Press, Really, really bad calls, Regulation

Hindenburg Omen? Put a Fork In It.

Here’s the thing about unproven “technical” tools: They are dangerous to your wealth. Recall this article ‘Hindenburg Omen exactly 7 months ago on August 26 2010. If you shorted markets due to the Hindenburg Omen back on August 26 seven months ago, you have now lost about 25% of your money as of yesterday’s close…Read More

Category: Markets, Really, really bad calls, Technical Analysis

Prosecute Guppies; Let the Sharks Roam Free

Joe Nocera’s last column in today’s NYT (he moves to the OpEd pages) tells a simply ghastly tale of misplaced governmental priorities: In Prison for Taking a Liar Loan. It tells the horror show story of how the IRS came across one of the 15 million liar loans written during the credit bubble. An excerpt…Read More

Category: Legal, Really, really bad calls

Should You Buy a Home? Looking (Again) at Housing

I posted a video of my pal James Altucher on Yahoo Tech Ticker this week, declaring he was “Never going to buy a home ever again!” Whenever I hear that sort of declaration, it tells me we are closer to the end of down cycle than the beginning. The psychology is reaching a negative extreme,…Read More

Category: Mathematics, Real Estate, Really, really bad calls

Greenspan the “Ex-Maestro”

Krugman gives us our QOTD: “Greenspan is an ex-Maestro; his reputation is pushing up the daisies, it’s gone to meet its maker, it’s joined the choir invisible. He’s no longer the Man Who Knows; he’s the man who presided over an economy careening to the worst economic crisis since the Great Depression — and who…Read More

Category: Federal Reserve, Really, really bad calls

Earthquake/Nuclear Accident Warnings Ignored by Japan

“In the 40 years that Japan had been building nuclear plants, seismic activity was, fortunately or unfortunately, relatively quiet. Not a single nuclear facility was struck by a big quake. The government, along with the power industry and the academic community, all developed the habit of underestimating the potential risks posed by major quakes. “Since…Read More

Category: Energy, Really, really bad calls, Science

Alan Greenspan on the Dunning–Kruger Effect

Did I write The Dunning–Kruger effect? I mean “Activism.” You see, Mr. “1%.FOMC.Rates-Nonfeasance-banks.can.self.regulate-its.called.innovation-Greenspan.Put,” had the unmitigated gall, the colossal cojones, the planet sized testicles to blame the current slow recovery on Government Intervention! Given how utterly unaware the former Fed Chairman is of his own gross incompetentcies, I thought if I used the actual, title…Read More

Category: Bailouts, Federal Reserve, Really, really bad calls

TARP + GSE: $257 Billion in the Red

click for larger chart > No, we are not profitable on the bailouts. TARP has $123B to go before breakeven, and the GSEs are $133B in the hole. All told, the Taxpayers have a long way to go before we are breakeven. That’s before we count lost income from savings, bonds, etc., the increased costs…Read More

Category: Bailouts, Really, really bad calls, Taxes and Policy

Radiation Concerns Increase

Nothing to see here, move along, nothing to worry about: • NHK Live Video Feed (Japan Broadcasting Corporation) • More Workers Join Race to Prevent Meltdown at Nuclear Plant (Bloomberg) More than 300 workers are racing to prevent a meltdown and spread of radiation at the crippled Fukushima Dai-Ichi power station today, an increase from…Read More

Category: Current Affairs, Energy, Really, really bad calls