Monthly Archives: November 2010

FED Stands For F***ing the Economy Daily

O.M.F.G. That’s all I can think to say.

As I noted last week, one of the big-picture questions on my mind lately has been how much the next round of quantitative easing (aka QE2) by the Federal Reserve had already been written into stock prices.

In a nutshell, the Fed “prints” money by participating in the bond market. It buys Treasury bonds from other large financial institutions and pays for them by adding credits to the sellers’ accounts at the Federal Reserve (as opposed to transferring actual cash). Poof! New money.

I am not going to go through his entire worthless apologia for the Fed’s actions, but I do want to cover two points: first, his bass-ackward thought process regarding inflation, and second, the Fed’s targeting of stock prices to achieve its goals (and possibly for validation of its policies).

That is complete nonsense. Under a sound and sane monetary regime, we could actually have deflation and real economic growth at the same time. As James Grant of Grant’s Interest Rate Observer has noted in several articles over the years, that outcome has occurred many times over this country’s history. A 2% inflation rate ensures nothing except that if that is your target, you will almost certainly get more. In fact, we already do get more, since anyone with a brain knows the Consumer Price Index is a completely understates inflation, given the hedonics, substitution and other fiddles.

Bernanke moonlights at the Defense Department

Read more at articles.moneycentral.msn.com

 

Instapaper – Manage your time smarter on the Web [21Nov10]

Working smarter – something to be thankful for!

Amplify’d from www.socialbrite.org

Here’s how most folks use the Web. You get a link in email, Twitter, Facebook, IM, whatever and you open it in a new tab.

Instapaper

Then, at some point in your copious free time, and possibly while reading other more pressing things, you’ll read these 43 tabs, right? Even better, some of the articles are 8 pages long so you’ll load up pages 1-4 and 6 and you don’t even know why.

Then, maybe your browser crashes or your system reboots or something locks up or you get confused as to why you wanted to read that in the first place.

This is not cool and I refuse to use the web in this way anymore. Here’s what I do.

Consider this new workflow. You’ll either Read It Now (which we’ll describe in part 2) or Read It Later (see below).

Instapaper lets you read important stuff later

Whenever you find something long that you know you want to read but you just don’t have time now, don’t open a tab. Save it to Instapaper, a free service. I’ve got a bookmarklet for Instapaper in my bookmark bar on all my computers in all my browsers. This is important, hence the bold.

read later

Fast forward some hours. I’ve got time and I’ve collected a few interesting bits that I’m looking forward to reading. I visit Instapaper and see this:

Instapaper queue

Here’s an interesting bit: While I can click the link for Phil and visit his site, I don’t. I’ll click “Text” for Phil’s article using a filter. The Instapaper filter is a lot like Readability (more on that in part 2) in that it removes the non-content parts of the article. It also adds a little bar at the top where I can select between readable fonts, change the width, font size and line spacing. Everything here is focused on text and making the content I’m consuming more accessible.

I can, of course, also read from my phone (I’m working on a Windows Phone 7 version) or whatever device makes me happy. It’s the same queue.

Read more at www.socialbrite.org

 

Graham’s Foundation – Supporting Parents of Micro-Preemie Babies – Supporting Parents of Micro-Preemie Babies

There are so many resources for micro-preemies. Thank goodness because their needs are so great.

Graham’s Foundation was founded as a resource for the parents of micro-preemies. Thank goodness because their needs are so great.

TSA pat-down leaves traveler covered in urine. #enoughisenough

Unconscionable really. The concept of protecting Americans has deteriorated to simply protection. And when you’re a hammer everything is a nail.

Amplify’d from www.msnbc.msn.com

TSA pat-down leaves traveler covered in urine

A retired special education teacher on his way to a wedding in Orlando, Fla., said he was left humiliated, crying and covered with his own urine after an enhanced pat-down by TSA officers recently at Detroit Metropolitan Airport.

“I was absolutely humiliated, I couldn’t even speak,” said Thomas D. “Tom” Sawyer, 61, of Lansing, Mich.

Due to his medical condition, Sawyer asked to be screened in private. “One officer looked at another, rolled his eyes and said that they really didn’t have any place to take me,” said Sawyer. “After I said again that I’d like privacy, they took me to an office.”

The security officer finished the pat-down, tested the gloves for any trace of explosives and then, Sawyer said, “He told me I could go. They never apologized. They never offered to help. They acted like they hadn’t seen what happened. But I know they saw it because I had a wet mark.”

“I am totally appalled by the fact that agents that are performing these pat-downs have so little concern for people with medical conditions,” said Sawyer.

Read more at www.msnbc.msn.com

 

Looking for help on a website issue. Looks fine on three major browsers PC version. Client mentioned problems viewing it with a Mac using the IE9 beta. Rather than saying “You’re still using IE?!” I said I would check around and see if anyone else experienced problems viewing sites.Thoughts? Please and thank you. :) http://bit.ly/cJzHow