southsider2k5

I learned a lot of respect for Mr Buffett during the internet-tulip craze. He was one of a very VERY VERY few people who outwardly spurned the irrationalness of it all, and stayed the course of his investing style. And of course guess who was at the top of rate of returns for 2002-2003? Berkshire Hathaway anyone?

Wilfork.

The legendary irrational exuberance speech, really came out of no where. Greenspan was giving a speech at the American Enterprize institute when he uttered those words and sent the Dow into a 500 point heart attack, which at that time was about 10% of the market value of the Dow Jones. He connected the equity levels to a situation like Japans where everything was a house of mirrors, inside of a house of cards. This is the full speech if you are interested Irrational Exuberence Yes the NASDAQ peaked at 5000+, but for a recovery you have to look at where it bottomed out. It bottomed out at about 1140, in the middle of 2002. Currently we are at about 2100 again, after getting as high as about 2200 or so. In other words the techs have doubled after bottoming out. That is way past the definition of a bull market. And yes I personally feel that it is overvalued. These are still companies with rediculous PE ratioes. Military spending directly related to post terrorism is directly responisible for about 40% to half of the deficit right now. But realize the military spending has been a huge benefit to this economy right now. Think about the jobs that the military complex creates. All of those million dollar missles, and billion dollar planes have to come from somewhere. I would tend to argue that with out the increase in military spending this economy would still be flat to in recession.

BTW I went back and looked it up and the irrational exuberance speech was made on December 5, 1996. WAAAAY before the stupidity of the tulip bulb tech rally.

Greenspan was predicting the fall of the economy in 1999. Equity prices were too far out of line and he kept stating and stating it. Remember "irrational exuberance"? That was back in the mid 90's. The Bull market isn't on the horizion, it has been here for months. Look at the markets. They are way up. The Nasdaq is back to borderline stupid levels again. The Manufacuring index announced today was up again. They also revised up the January numbers. Industry is producing. The next step is hiring. And it always takes a lag for that to happen. And as for terrorism, that is the X-factor. You can't predict that. And you can't factor that into your economic forcasts.

Churches are not for profits. Granted some people take advantage of that and use them to their own personal fiscal benefit.

I personally am not aruging on the basis of morality. Although the morality arguement is used against groups like Mathew Hales Church of the Creator and the Klan. Hale's group technically committed no illegal acts before their exempt status was yanked based on the actions of one man, not employed by their group. (It was only after Hale was charged with tax evasion in court that he tried to have a judge hit) I am talking about illegal acts, and espesially the 70 years of obstruction of justice.

That is mortgage rates- those are all based on the demand for mortgages, which has been higher because of the perception that interest rates will probably go up late this year, early next year.

He has been before.

They have a big time catching prospect too.

You and me both. Baseball and hockey have been the two sports the most scared to address and take hard lines on their problems. And it is no coincidence which ones are experiencing the most problems.

http://www.msnbc.msn.com/id/4244743/

Here is somemore backround on how long this has been going on. http://www.msnbc.msn.com/id/4284550/

I think we have a new leading for the 2004 Cubbie award

The other thing that the Trib said that was interesting was by cutting these guys, they would be keeping Villarial most likely. That has got to make Rex feel better. But it also makes the Bears drafting a DT or pass rusher all of the more likely.

What kind of guys are going to be available to draft at #3?

There are two separate statements of economy there actually. In his last testimony he stated that about 1 million people get hired every week in the US. But there are also about 1 million people who leave a job (voluntary or not) every week, so turnover is to be expected. The unemployment rate has now dropped from 6.3% to 5.7% since the labor market bottomed out. He also stated that Bush's figure (which I think is high) of 2.6 million new jobs this year is "feasible". There was also an interesting statement made about how historically the US has always outsourced work. It has been happening for generations. But the US economy has always replaced that work with higher paying work elsewhere, because US net income has been on a perpetual rise since the great depression.

At least so far I do...

But even with MJ, there were plenty of ex-players who were telling stories about Mike running practices, and getting into peoples faces, and the like. It wasn't front page stuff, but it was out there.

I am not sure what I am missing, but within the income tax codes, what did he say wrong? The poorest brackets don't pay an income tax, and therefore don't get refunds...

Well this is my theory. With Jeter being in NY, if he was an asshole, the whole world would know it. The NY media would have torn him up by now. Then with ARod being the highest paid player in the game, it is pretty much the same idea, if he had stepped on someones toes, they would have been crying to the media and it would have been all over the place. The absence of those kind of stories is telling IMO.

I have never heard a bad word said about Alex Rodriguez in the clubhouse, nor have I about Derick Jeter. I think they will be OK. It is a guy like Gary shefflied that I worry more about.

Where it really comes into play is when someone gets cheapshoted and hurt. So then the team sends out their goon to run the guy who hurt someone. Instead of being able to even the score on the ice, he has to hope the guy will accept an invitation to fight. If not, he is out of luck, and the team with the hurt player never feels vindicated, and instead they take a cheapshot at someone to even the score. When all it would have take is someone to drop the gloves and it would have been fixed.

Yeah, that's what I thought And I notice that no one else wanted to take me up on that offer Guess the Casino Southsider is a bust

And the only reason any of the fights are "staged" Is because of the instigator rule, so basically both guys have to agree to fight, or else someone has an automatic ejection. Its not like the good old days when it comes to being an enforcer. You can't run a guy anymore, just to even a score.