Hollywood Studio Exec Explains The Writers’ Strike

A studio executive explains the Hollywood writers’ strike (as written by striking Colbert Report writers).

Bloody brilliant.

Also, the AMPTP finally fights fire with fire, and uses the internet to counter the WGA’s ugly smear campaign.

Hysterical.

via pmarca

Category: Digital Media, Film, Television

Combined Value of Leading Credit Sources

Category: Credit, Derivatives, Finance, Financial Press, Technical Analysis

No Conspiracy Theory — Just Data

Category: Data Analysis, Psychology, Taxes and Policy

GDP=4.9% (also, I have a bridge for sale in Brooklyn)

Category: Consumer Spending, Data Analysis, Economy, Inflation, Psychology

Inflation? What Inflation?

A tale of two headlines:

Inflation Fears Hit Eurozone

          and

Goldman Sees Funds Rate Cut to 3%

Won’t someone please explain this to me?

How is it possible that the regions of the world with strong currencies — like Europe, U.K., Australia, and Canada — are having inflation problems. And yet at the same time, the nation having a record low currency — i.e., the United States and our Dollar — doesn’t seem to either inflationary pressures (At least according to official CPI data). And we seem to have little concern about further currency induced price increases.

Am I the only person who finds this incongruent?

If Goldman Sachs is correct, and the Fed does eventually cut rates to 3% — what might that mean for various dollar priced commodities like Oil & Gold?

Probably very little — if (and this is a big IF) we are in the throes of a recession. But what if the Bulls are right, and this is merely a mild mid cycle correction?

A 3% Fed rate could mean Oil at $150 and Gold at $1200.

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Excerpts after the jump . . .


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Sources:

Inflation fears hit eurozone

By Ralph Atkins in Frankfurt and Krishna Guha in Washington
FT, November 27 2007 18:02

http://www.ft.com/cms/s/0/55ff8ca6-9d10-11dc-af03-0000779fd2ac.html

Goldman Sees Funds Rate Cut to 3%
Greg Ip
WSJ, November 27, 2007, 9:26 am
http://blogs.wsj.com/economics/2007/11/27/goldman-sees-funds-rate-cut-to-3/

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Category: Commodities, Credit, Derivatives, Economy, Energy, Inflation

Internet Radio Slowly Closing Down

Category: Digital Media, Music

Unusual eBay Warning

Category: Digital Media

Market’s Back-to-Back Streak

Category: Contrary Indicators, Investing, Markets, Trading

Prices Fall, Inventories Rise, NAR Spins

Category: Credit, Data Analysis, Psychology, Real Estate

7 Suggestions for Scott Adams:

Scott Adams, who I have long adored as both a writer and a cartoonist (see this post), has decided to dramatically cut back his blogging (as per this blog post: Going Forward) No, no, no, no, no! I believe this is a mistake. If he wants to cut back blogging for its own sake, that’s…Read More

Category: Books, Digital Media, Psychology, Weblogs