Friday, May 23, 2008

I Officially Endorse Byerly's

I couldn't afford Byerlys when I was in college. High end, luxury grocery store chain. In any case I poke my head in there now as "Rooster Booster" is no longer being sold here and Byerly's has my second favorite power drink, AirForce.

And whilst in the checkout lane I see among People and Seventeen and all the other filth rags out there an issue of The Economist.

So now, unlike the regular grocery stores where I'm forced to sit behind some soccer mom and her 45 items in the 10 item or less lane and forced to read about Julia Roberts or Christina Aguilera or Britany Spears and who is divorcing who, I can look like a normal human being, feel no shame and look at The Economist.

Byerly's is now my primary grocery store. Seriously, it is. Because I'm willing to spend an extra 10% on groceries to have it send via the market mechanism the signal that a lot of men that would constitute an underserved market would pay extra to have the occasional WSJ, Economist, or heck, Sports Illustrated in the check out lane.

Economic Schedenfreude

I don't know how to spell it, and am too lazy to spell check it, but I must admit to some economic schadenfreude.

The book is now complete and will be going into last revisions and editing. Picking a publisher and then getting some chartage.

Regardless, this puts me in an odd situation in that the book will do better the worse the economy gets. And as long as press releases like this keep coming, I'm happy.

Thursday, May 22, 2008

Don't Bother Watching the New Indiana Jones Movie

Complete crap. And I'm not saying that for effect, I'm saying it because it's true.

Sorry, not going to capitulate to the American predisposition this "has" to be a good movie.

Utter garbage.

And by that, I mean it isn't even worth renting.

If it were up to me I would go to Spielberg and Lucas and demand, for the sake of an American icon, they withdraw this piece of sh!t from the theaters, go back and redo it with a realistic plot, give Indy a gun that he occasionally fires, and please don't ever have another scene where everybody has guns, but either;

1. Fails to use them when they're right there in front of them with the enemies sitting like ducks
2. Shoots non-stop but fails to hit their target if they're shooting at Americans or Indiana Jones.

And hey, while we're at it, let's throw in some kid that is completely incidental to the plot to tug at the heart strings of mothers.

Seriously, I'm angry they literally murdered an American icon like Indiana Jones. The sad thing is Harrison Ford pulled it off superbly. But this family BS, it would have just been better if he was a childless bachelor, as he always was, and was meant to be and went out and kicked some commie ass.

No, I had to tolerate 2 hours of ill-founded rumors of El Dorado, which were created by aliens, whose corpse we found in Rosewell, and wow, there's a spaceship. To quote Eddie Izzard;

"Oh no, space monkeys are attacking."

Cripes.

Games Economists Play: Mosquito Killing

Let it be known that today marks the first day of the season of a game I play called; Killing Mosquitoes.

I like to keep track of how many times I get bitten by a mosquito versus how many I kill. I keep a running tab and, though I have yet to shut them out, I have won every year since playing this game.

The season is initiated upon either me killing a mosquito or a mosquito biting me, and I just killed the first one. He was sitting there on my house, very still (it's still reasonably cold here in Minnesota so the insects are lethargic, but that's global "warming"), and I squashed him.

Let the games begin.

Wednesday, May 21, 2008

Are There Credit Card Collection Commercials in Norway?

See, Norway, despite my disagreement with a socialist economy, does have a fair amount of maturity when it comes to managing their economy. notably their petroleum surplus fund. They ensure they have a balanced budget and, not that I've visited Norway, but they just seem to be a more financially disciplined people.

Which got me thinking as I was driving up to St. Cloud and heard a commercial for "lowering your credit card debt!"

"Are you in debt?

Are collectors calling you?

STOP THE ANNOYING CALLS!

Contact us at 1800-NOMOREDEBT

We can end the harrassing calls, cut your monthly payments in half and lower your debt from 30-60%"

And it was one of those things where, yes, we've all heard these commercials before, but you have to pull yourself away from it and say, "gee, how pathetic is this, that we've become so bad at managing our personal finances commercials like this even exist?"

Furthermore, the whole tone these commercials take that you are the victim if you have too much debt. And the insulting premise that they can "Lower your debt from 30-60%."

Well doesn't that just mean you're going to fail to pay back what you owe? And that's OKAY?

And that's why I wondered if any of our friends in Norway (or Scandinavia for that matter) can tell me if they have commercials like this, or is it a purely, and shameful, fact only American's have this? Dtrum, this happen in Switzerland when you were there?? Curious to know.

Monday, May 19, 2008

In John McClane We Trust


When in high school I got personalized plates that said "MCLANE" for my 1978 Cutlass Supreme (spent $50 on it).

I still have them hanging above my bar.

That is because John McClane is one of the few remaining truly American heroes left.

He doesn't negotiate like Richard Gere. Or look to negotiate with people that want us dead like Barack Hussein Obama. He's a real man. Not one of these sensitive 90's guys.

He doesn't care what is politically correct or whether he'll get in trouble with the authorities if he violated some anal retentive rules about giving people their due process even as they try to blow up the Nakatomi plaza. He just kills them.

That's why we should vote for John McClane.

John McClane is the modern day incarnation of John Wayne. I think the first name is not a coincidence.

However, consider this. Could a man like John McClane exist today? In 1945 he would be on par with Audie Murphy, a true American hero. Today he would be sued, lambasted, and accused of racism (after all he killed a lot of Germans in Die Hard 1 and 3, he also killed a Hispanic drug dealer in Die Hard 2, which means he must die). So if it boiled down to it, who would ever step up to the plate to be heroic or in the classical, historic sense, "American?" The answer is no one.

I say it in half jest because I am a carry/conceal permit holder, and though not true to my instincts, I fully agree with what the instructor said, "it is more of a liability than a privilege to carry a gun." Any notions of "pulling out my gun and saving the Nakatomi employees" let alone the lady on the street getting mugged or any truly innocent person is not worth the legal liability. This is the situation political and legal forces has brought us to. To do the right thing, should it be demanded, is so deterred by the legal ramifications, it's just best to sit down and be quiet and not be a hero, even though that's what America is screaming for.

Alas, a John McClane/Tony Stark presidential ticket is just a figment of our imagination and Barack Obama is a viable presidential candidate.

Hat Tip to My Mom

The squeaky wheel gets the grease and this is what my Mom always told me about the 1960's. That basically, not all baby boomers were smoking pot and shooting heroin as they parasited off of the Greatest Generation protesting the Vietnam War. It's just the deadbeat hippies were more "romantic" and "ratings getting" than the rest of them, and therefore got most the press. Ergo the baby boomers were misrepresented as a bunch of idiotic losers listening to Jim Morrison (who, by the way sucks just as much as Kirk Cocaine - and yes, this time I purposely misspelled it. Want to hear good music, listen to this. See, talent. Yeah, actual voice and skill required. And not dying on a toilet bowl while OD-ing).

In any case it was nice to see this which corroborated what my Mom was saying the entire time.

Big Oil Tax Breaks? WHAT BIG OIL TAX BREAKS???

I was listening to talk radio, shouldn't do that, you just get too depressed. But then some idiot (who they let on the air because they show you just how hopelessly ignorant the population is and how doomed we are, but it's good for ratings) came on and started blathering on about how we need to cut the tax breaks we give to "big oil."

And I ask ye all of the economic faith, what tax breaks?

So I looked up the income statements of Exxon to see what kind of tax rate they were paying. You know, because they're in such big cahoots with Bush they should have a tax rate at around 3% or so;



42% FREAKING TAX RATE!

So, what, if they weren't given the "tax breaks" they'd be paying 52%? And if I recall correctly, weren't these "tax breaks" incentives to get them to invest in renewable energies?

And you people wonder why corporations move to Dubai or the Caymans.

To quote Rush Limbaugh, "People have no idea how much ignorance costs us."

Sunday, May 18, 2008

I Want to Be the Prince of Wales If He's Wrong

No, seriously, I do. Or at least the 15 billion pounds.

Saturday, May 17, 2008

Empirical Costs of Weddings

Curiosity kind of got the best of me last night and I had a choice to go out to the bars wherein I'd run into the same ol same ol "Tanya" who majored in "child psychology" and likes to "partay" and watches "Teen Idol" not to mention the Ambercrombie and Fitch Frat Boys with their hats on backwards getting ecstatic or borderline suicidally depressed if some guy they have no relation to scored a goal or not on the TV or...

look up the historic costs of weddings.

Sadly the Federal Reserve does not have this data series in their FRED database, but I kind of poached a couple numbers to make for a somewhat decent chart. I only had about 7 datapoints and just averaged them over the period of time to the next datapoint to fill in the chart, but you get the idea;


$28,600.

Seriously, you know, could you maybe put your kid through college instead? I'm serious, this is just more proof it's all about "them" and nothing about the kids.

$28,600???

And understand 90% of that is for fluff. If you think about the actual wedding it should be about two people; the husband and the wife. Loved ones, be they friends or family should be there too, but this BS where I saw $500 wedding cakes and $2,000 dresses, and limo service and so forth. Here's a screenshot from a web site that shows all the various amenities (though some would claim "requirements" of a wedding);

You add all this unnecessary crap up and no wonder you're blowing through two kid's worth of college tuition in a day. It's all about the show, the bigger the better, the fancier. My feathers are more colorful than yours, my chest is poofier than yours. Forget what the marriage was supposed to be for like "love", no, it's starting to seem to me to be a bragfest. I'll put another chart here, though I have no data, this is just my impression that I got as I was reading through all these sites



Seriously, if I do get married, I'm eloping. None of this limo, free drinks, rent out the Hilton or "horse drawn carriage crap" (I did that once, not get married, but took a girl out on a horse drawn carriage ride, back when I was young and foolish had some notions of chivalry and hope, wasted $85 for 45 minutes, and then the next two dates got the flaking out at the last minute thing, and that was just $85, I can only imagine what they'd charge you for a wedding).

That's another thing, what's the mark up on a wedding. That's the business to be in. I teach dance on the side, the few weddings I've done it's amazing how little they care about price. And there's a time factor there too. They don't want a full hour of lessons, they just want 15 minutes, and then you get the ef off the floor and let the bride and groom do the dance while nobody really learned any real dancing as it's impossible to teach anything in 15 minutes. But for 15 minutes work you can earn about $100. Again, they're not paying for actual dance lessons, thereby implying people would learn to dance, they are paying for the right to brag they had a dance lesson.

Eh, maybe I'm just overthinking the cost of weddings, being too economic. I should realize it's all about love and money isn't an issue...

until of course financial problems arise...

which is a major contributing factor to divorce.

Friday, May 16, 2008

Want to Waste Some Money? Finance a Modern Day Wedding

I swear when I get married, it will be by the Flying Elvises in Vegas, nobody but my wife and I will know, nobody is invited and I will throw a little shindig upon my return at my favorite joint in St. Paul.

With the savings, not to mention the extra time that would have been saved from no planning it, my wife and I will retire 10 years earlier than expected.

Weddings are such a waste of money.

Thursday, May 15, 2008

Industrial Production

The old school media wonders why their getting trounced. Press release about industrial production dropping .7%.

Do they provide a chart? No, of course not. That would require some form of programming and would make for less room advertisements.

So here it is, industrial production.


What also stood out about this chart is something I've been contending for years, but I've literally had people tell me I'm wrong and not to believe my eyes, but that the economy is becoming less and less volatile. The reason I point this out is that I think volatility (or the lack thereof) is a measure or sign as to just how much more we're learning about and implementing economics. As we mature we fine tune the economy, adjust inventory levels more quickly, implement fiscal/monetary policy more quickly, etc.

Wednesday, May 14, 2008

It's a Very Sexist Recession

I used to make commentary, but now I just let the figures speak for themselves and let people rationalize it all they want. I leave you to this;

The Big Bad US

Given the Myanmar aid situation I figured it was an opportune time to revisit just how much the US donates in aid.

I love it when the US is criticized about not giving enough in aid by the UN and other self-serving non-profits. That the US is handily outdone by ideal countries like Norway, Denmark and what have you. But as I've pointed out before, that criticism is laid only again government aid. When you consider private aid as well, it shows Americans are VOLUNTARILY more charitable with their own money than any other nation. And don't get me started about how the US military effectively makes it so most of these European nations don't have to have one, effectively subsidizing them to donate aid.


So the next time somebody complains that the US doesn't donate enough aid, you can turn to them with this handy chart and say, "no, actually, we do."

Tuesday, May 13, 2008

HAR!!!

I had a buddy from India come into town named Sadeep. When he was here he gained about 12 pounds and his mother, who was previously concerned he would not eat healthy, quickly had her fears calmed as her son put on much weight (this was while he was dancing his ass off helping me with all the extra girls in my dance class, though we introduced him to martini's and Chipotle, so there you go).

In any case I found this absolutely hilarious. I'm so visiting India.

God Damnit

I recall making a post about how using negative amortization loans was foolish because your goal should be to pay off your mortgage, not increase the size of it. And based on household debt to GDP, it seemed nobody was paying off their debts, even as they approached retirement.


Then one poster berated me as to how dare I demand his generation pay down their debts. They were just as entitled to bleed the equity out of their houses if they so desired. I hope he enjoys his nice long lonely stay in a nursing home.

Regardless I don't normally curse, but I'm pissed as hell. And not so much because of the lack of fiscal planning resulting in 1 in 10 boomers borrowing for everyday expenses, but more so because 4 in 10 baby boomers just give their children money apparently instead of letting them fend for themselves.

People are going to have to learn, one way or another, if you keep giving people money, be you the government or a parent, the recipients of the money are going to come to expect it. And not only will you kill any work ethic they may have, but you'll impoverish yourself along the way. Furthermore, you can't live off of borrowing money all the time. You need to work to pay for your consumption (though I'm scared to see what the figures would be for Gen X). The fact household debt as a % of GDP is practically 100% only confirms just how much debt spending as a viable option of supporting one's lifestyle has acceptably permeated this country's think. This is just more proof we're going to learn this lesson the hard way.

Sunday, May 11, 2008

That Reminds Me, It's Time for Another...

"Music Then and Music Now!!!"

Yes, where we compare that obviously inferior, stupid, naive and idiotic culture of American yesteryear to the obviously superior and hip American culture of today by comparing the lyrics of those old foggies to the contemporary geniuses of today.

The first contender is the lame-o loser from the song of 1926, Tip Toe Through the Tulips;

Tiptoe to the window,
by the window that is where I'll be
Come tiptoe through the tulips with me!

Tiptoe from your pillow,
to the shadow of a willow tree
And tiptoe through the tulips with me!

Knee deep in flowers will stray,
we'll keep the showers away.
And if I kiss you in the garden,
in the moonlight,
will you pardon me?
Come tiptoe through the tulips with me!

And now (I have no idea why the font decided to change this color) the superior rantings of 2 Pac Shakur

oh, who hoo hoo
live from the crazy house
you heard that shit nigga
live from the crazy house
yo that nigga be crazy as hell

(hey yo, what you doing with that big ass nigga anyway ?)
my ghetto love song
(set it off, set it off)
lets be friends

mixed together:
(where my niggaz at, where my niggaz, where my niggaz, where my niggaz, where my niggaz at)
(where my real niggaz at, all my real niggaz, throw you mother fucking hands up)
(c'mon, lets go, lets go, lets go, lets see you throw you hands in the air, throw em, throw em, throw em)
(west side in this mother fucker right here, west side)
(throw you hands in the air, let me see you just throw you hands in the air)

[Verse 1]
approach you and posed a minute
all on my double R tinted
as you pass bye
winkin' my eye
freshly scented
what's the haps baby, look
get with me and perhaps lady
you can help me multiply my stacks baby
currency seems small I need companionship
do with that scandalous shit
I bet your man ain't shit
so why you hesitating, actin' like your shit don't stink
check out my diamonds
bitch everyone gon' blink
this be a thug thing, outlaw
nigga with riches cream dreamin' mutha fucka
on a mash for bitches
check my resume, sippin' on crystal and alize
smoking on big weed, key'd the Cali way
don't like trickin' but I'll buy you a fit
I can't stand no sneaker wearing, nappy haired bitch
let my pedigree read briefly
their so cheap
puttin bitch made bustas to sleep with no grief
mash on my so called car
who the man while I'm tuggin' on your main bitch hand
(west side)
understand this, ain't no nigga like me
fuck Jay-Z
he broke and I smoke dearly
(C'mon y'all)
baby lets be friends

[Chorus]
lets be friends
(where my niggaz at c'mon)
you ain't gotta by my man at all
as long as you just give me your
friends
(all my niggaz c'mon)
while you trickin' on them other hoes
lets be friends
(where the bitches that want a nigga with money, where you at baby?)
(hu, huh)
Lets be friends
you ain't gotta by my man at all
as long as you just give me your
friends
(cash making hoe's)
while you trickin' on them other hoes
lets be ...

[Verse 2]
I met you and I stuttered in passion
though slightly blinded
but at last, it was hard to keep my dick in my pants
every time you pass, got me checking for you hardcore
staring and watching
me and you
one on one, picture countless options
was it prophecy, clear as day ?
visions on top of me
erotic, psychotic, would possess my body
far from a crush
I wanna bust your guts
and touch everything inside you, from my head to my nuts
you got my sweatin' like a fat girl going for mine
just a skinny nigga fuckin like she stole my mind
back in time, I recall how she used to be
I guess
money and fame made ya used to me
what's up in 96 ?
lying tricks in drag
fuck Dre
tell that bitch he can kiss my ass
back to you
my pretty ass, caramal queen
got my hands on your thighs
now let me in between
as friends

[Chorus]
lets be friends
(west side in this mother fucker right here)
You ain't gotta by my man at all
as long as you just give me your
friends
(west side in this mother fucker)
while you trickin' on them other hoes
lets be friends
(west side in this mother fucker right here)
Lets be friends
You ain't gotta by my man at all
as long as you just give me your
friends
(in this mother fucker right here)
while you trickin' on them other hoes

[Verse 3]
can you image in me in player mode ?
rush the tricks
I got em, ready for a booty call
I fucked your bitch
was it me or the fame ?
my dick or the game ?
bet I screamed west side when I came
(WESTSIIIIDE!)
scream my name
cause baby it's delicious
got a weak spot for pretty bitches
up and down, similar to switches
my movement, baby let your back dip into it
make it fluent
in and out, all around when a nigga do it
you got me high, let me come inside
love it when you get on top, baby let me ride
who wanna stop me ?
in my top notch
fucking player hating niggaz cause they cock block
you probably hate to see a real thug envisioned with the game
rather see a nigga up in prison, why you change ?
made a living out of cuss words, liquor and weed
a bad seed turned good, in this world of g's
baby got me fantasizing of seeing you naked
it's a fuck song, so check my record
and let me friends

where my niggaz at?
(ahahahaha)
show me where my niggaz at
where my bitches at?
thugstyle

lets be friends
where my niggaz at ?
(huh,huh)
where my bitches at ?
throw your guns in the air
friends
my ghetto love song, it goes on and on and on and on
lets be friends
where my niggaz at ?
(huh,huh)
where my bitches at ?
where my niggaz at ?
friends
where my niggaz at ?
where my bitches at ?
where my people at ? Lets be
where my people at?, Show me where my people at.
where my people at?, Show me where my people at.
where my people at?, Show me where my people at.
all my niggaz now, just my niggaz come.
where my niggaz at ?
just my niggaz now.
be friends, tell me where my niggaz at ?
be friends, tell me where my bitches at ?
be friends, tell me where my people at ?
make money, take money
be friends

[Chorus]
Friends
(get your cash on)
(lets get money)
You ain't gotta by my man at all
as long as you just give me your
friends
(c'mon, get your cash on)
while you trickin' on them other hoes
(lets get paid)
lets be friends
(c'mon, get your cash on)
You ain't gotta by my man at all
(lets get paid)
as long as you just give me your
friends
(c'mon, get your cash on)
while you trickin' on them other hoes
(lets get paid)
make money, take money
make money, take money
make money, take money
make money, take money

No doubt, society is on the right track.

Tip Toe Through the Tulips

Before you read below you must click here and open in another window to get the full effect.

We all know about the Tulip Bulb Bubble, but I've only seen sparse pricing data on it. Until I accidentally happened upon this little report here from NYU.


Seems he priced it on a guilder per unit of weight calculation which was pretty clever I thought.

Valkyrie

I've been watching this movie go through all these various production problems and it's pissing me off because this is one of the few movies I was looking forward to seeing. And I cannot help that with the Germans complaining it's Tom Cruise portraying Claus von Stauffenberg and the fact it might be a war movie that doesn't bomb elements of the left are trying to hold it back. Sadly it would be one of those movies where you would learn about history because until I read up on him I didn't know much about von Stauffberg.

Friday, May 09, 2008

I Sneeze, Therefore Oil Goes Up

I am not an oil analyst beyond just watching the price and the tanking dollar. However I often wondering how hypersensitive oil is. Seriously, I read the news and it's not stuff like;

"Oil refineries blow up in Saudi Arabia, oil jumps $5 a barrel."

It's;

"Potential terrorist attack in Iraq trigger supply concerns; oil up $3 a barrel."

"Oil traders in general poopy mood; oil up $175 a barrel."

"German eats burrito then farts in a westernly direction; oil jumps $6 a barrel on global warming concerns."

"Somebody, somewhere did something and sneezed; threatens inventory levels; oil gains $5.19."

So for all you oil firms, oil traders and OPEC nations, save up that oil money. Not going to last forever.