^-1

Rob Dawg wrote:

Looks like the consensus number is becoming like quarterly earnings. The number to beat.

Beating a terrible number is cause for celebration, right?.....right?....uh oh...

Vic wrote:

The above attempt at an answer is not correct. For investor held MBS, F&F makes money just from the annual fee and bears no direct interest rate risk. Better to be thought of as a fool yada yada..

Ok, I found a very interesting academic paper written in 2003 about interest rate risk for Fannie and Freddie. Well worth the read.
This probably answers the question posed about interest rate risk hedging.

http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0CBoQFjAA&url=http%3A%2F%2Fciteseerx.ist.psu.edu%2Fviewdoc%2Fdownload%3Fdoi%3D10.1.1.72.2272%26rep%3Drep1%26type%3Dpdf&ei=OeuyTuu1K4Hh0QH38onbBA&usg=AFQjCNETcAfGjHkB-3ZLVVGzYxrPXeSaiA

Retained portfolio rate spread = default risk premium + residual premium.

The default risk premium represents the compensation for future default losses on the
mortgage portfolio, and is reasonably measured by the same guarantee fee that F&F
charge on their investor-held MBS. The residual premium is then that part of the rate
spread not accounted for by default risk. It represents the compensation that F&F receive
for bearing other risks -mainly interest rate and liquidity risks associated with their
retained mortgage portfolios.

**Interest rate changes are among the most important factors leading to changes in the
market value of mortgage assets and bond liabilities** , and thus in the market value of the
portfolio's equity. Interest rate risk arises because unexpected changes in interest rates
may cause mortgage asset values to fall relative to liability values, thus leading to an
unexpected decline in the market value of equity. In an extreme case, the market value of
equity can become negative, leading to the possible bankruptcy and liquidation of the
financial firm

CR wrote:

Caveat: my track record when I take the under has been very good - but recently I've been mostly wrong when I've taken the over (although I correctly took the over last month)!

that just about covers it

take the points on pats/nyg, cr...

and buy me a dozen drinks with a tenth of the winnings at south coast mall

Cinco's link at the top had this quote from Joe Weisenthal at Business Insider: "This week's initial claims number was very good". Ya, very good, right.

It is a profound question, and one worthy of economic study - how did ukraine become a morgue 1929-1942... yet they still export thousands of incredibly hot women?

Perhaps, like Colombia, they are a nexus, which gives their genetic content more than a little oomph.

perhaps you'd like to see 2022, when the boomer demographic pressure is at its maximum?

and the ZIRP/entitlement / stasis stillllllllllll rules? Or would you?

YouTube - A Boy And His Dog (1975) trailer

MaryAnn wrote:

We have men in the rural south to buy slavic brides quite often.

happens all over

the mayor of our fine Pac NW city arranged for a Russian bride from the sister city

as soon as she gained citizenship she left him in a wake the size of that frigging asteroid is bringing

BTW: are the wimmins dumb asses, or are the redneck goobers dumb asses?

thanks

stock up, they truly don't know what is about to happen

may be nothing to minimal, and it may also go horribly wrong

Vic wrote:

In an extreme case, the market value of
equity can become negative, leading to the possible bankruptcy and liquidation of the
financial firm

Failed mortgage lender faces suits - Sacramento Business Journal

I don't know if it's true but the story I heard was that the CFO saw all the money they were losing on their hedge as rates went lower and lower in late 2002 and early 2003 and decided to pull the hedge and increase their profits...only to have rates immediately spike and blow up the firm. Caught everyone by surprise--I don't know if even the other officers were aware (certainly if they were they'd be well-advised not to confess)--and employees showed up for work that morning to find the doors padlocked.

A friend was buying a house at the time and had locked a loan with them. Oops.

Groupon, Beware: Of 25 Hot IPOs, 20 Tanked Later - BusinessWeek

the neck can't get red without actual sun, so the pacific nw is automatically excluded from said definition

Yeah, it'll probably be a bad report. So that we can blame the sell-off on jobs jobs jobs.
That is, instead of the insolvent global banking system.

I want to thank everyone for yesterday's overwhelming subscription response.

As a show of gratitude, we offer 3 new theorems from the unabridged version of "A Nubians Guide to Trading":

Theorem A - Buy the Dip

Theorem B - Sell the Rip

Theorem C - Hold the Mayo

There is a footnote to Theorem C by VonDeMark involving pikka birds, but I could never follow it.

As always, proofs are offered only through subscription.

We also offer a "peek inside the kimono" of our select service, for the more discriminating. Unfortunately, this is not a subscription service. Unrestricted access is only available with the right implants and hive frequency.

The uptrend that started Oct4-5 is still intact and wrestling with overhead resistance. The downleg that started 10/28 was broken yesterday by the terminally euphoric emerging market. The same downtrend was broken this morning by the more sober junk bond market. Both markets remained in an uptrend with momentum and buying pressure tracking, but with some fading pressure in junk.

A good overnight gap up would vault us over resistance. A good gap down would send us to right shoulder support.

I know how sharp HCN'ers are, so before you ask, implants are not available in this quadrant.

behind_the_curve wrote:

As a show of gratitude, we offer 3 new theorems from the unabridged version of "A Nubians Guide to Trading":

Theorem A - Buy the Dip

Theorem B - Sell the Rip

Theorem C - Hold the Mayo

Are you sure this isn't a "A noOB-ians Guide to Trading"?

Yalt wrote:

greenchutes wrote:

if you're from urkaine stock, you aren't a dumbass - you're a survivor, and godspeed to you

Pretty sure he was referring to the men in the rural South, not the Ukrainians.

He also asked about the "wimmens", which would have been Ukrainians...

greenchutes wrote:

the neck can't get red without actual sun

I guess you just don't know the origin of the term.

you can look it up

My s.o.'s Ukrainian, greenchutes. I'm bowing out of this conversation in case she's reading it.

pick apples all day up there, you still won't get a red neck.

know it? i'm ethnic irish. just took one day to trash a nice part of my flesh to the grave.

greenchutes wrote:

It is a profound question, and one worthy of economic study - how did ukraine become a morgue 1929-1942... yet they still export thousands of incredibly hot women?

the ukraine womens mothers were the ones picked by both the nazis and soviets for brigade-strength serial rape.

AMD to cut 10% of workforce.

and this is the dark origin of the name of everyone's favorite early 80s band

YouTube - Joy Division - She's Lost Control 

Cinco-X wrote:

Okay....tell the truth now....how many of you are going to invest in this stock?

why would anyone invest in something that sounds like a group orgy?

Okay....tell the truth now....how many of you are going to invest in this stock?

Stock...

Tile the garage...

Stock...

Tile the garage...

I'm guessing the tile will generate a better roi...

Chris

Rob Dawg wrote:

Democracy R.I.P.

Born 1945, died 1946.

I have a very low opinion of the BLS's NFP
They have yet to fully trickle out the adjustments they need to catch up with the giant revision the BEA did, which I called out at the time with 2mn too many jobs thanks to a flaw in the B/D model that was adding one imputed small business created job for every layoff at a major firm

furthermore, if you don't care to trust my word for it, the timeliness and accuracy (informational value and content) are not the best. NFP gets HUGE revisions 3 months out. it never catches a turning point at the time

stick with EMRATIO, the denominator (civilian non-institutional population over 16; not hospitalized, incarcerated, military) is stable and a relevant adjustment

the numerator is superior, it is based on the household survey

you get emratio monthly, it's better data, it's a no-brainer

† I didn't say NFP was insignificant, if enough people pay attention to the same set of worthless information then it would be significant

Economic data is just a side show.

Credit, credit, credit....

is English your first language?

I provide the straight up historical proof and you denigrate it as my definition? Relax, it's all good. You don't have to bat a thousand.

I am reluctant to return attention to Europe, but I just had something of an epiphany, as Papandreou is back live in the Greek Parliament. Whatever the degree of the crisis, he and the other leaders face incredible daily pressure to speak in public. I think this is his third appearance today after several marathon cabinet meetings over the last few days and weeks, his meetings in Cannes, the negotiations with the opposition parties, not to mention meetings with the President of the Republic over the past several months. It is 10 PM here, and the various debates are still going on and are covered by virtually every channel. I imagine many other European leaders have also been facing similar timetables. I can only reflect negatively on our American public debate over serious issues in my lifetime. In the last ten years we had 9-11, the invasion of Afghanistan then Iraq, Katrina, and many disasters I cannot recall in detail. I am pretty certain leaders took them seriously, but it did not appear so given the brush clearing in Crawford and US Presidential holidays. I will admit to being old; I recall my parents' worry over the Suez Crisis John Kennedy facing down the steel price increases and the guns and butter speech. That takes me back to kindergarten.

Sorry for the off-topic and rant, but it does seem that many folks world-wide are in extend and pretend mode. It just takes different forms.

EHP: I have the highest regard for your work. It strips out all the noise and exposes their scheme.

more than my first language, volker, my ancestors helped create it.

the bandana story is really not the origin - my previous understanding of it is - obviously, the nazi has neglected her beatings, and your grip on syntax has suffered. still, i'm magnanimous, and i'll overlook it.

So much doom and gloom going around I thought everyone needs a laugh: Remains Of Ancient Race Of Job Creators Found In Rust Belt | The Onion - America's Finest News Source

Cobradriver wrote:

YouTube - judas priest-metal gods

YouTube - Judas Priest - Hell Bent For Leather

Nice use of pedal tones....

there's a reason why other countries do not even attempt to release something like the NFP so quickly

they can't collect and process the data that fast -- I mean it could be done today with some new legislation and using computers..., but that's not how they do it

the BLS just makes up for it with their estimates, which is why the resulting dataset is so wild. if you can't do a good job, don't even bother. stay within your competence. admitting you can't succeed at something isn't terrible. lose, learn, improve, try again. don't just deny the loss

if the timeliness is so important, then release the raw data as soon as it becomes available. let individuals fill in the blanks with their own estimates. the bea/bls should be for collecting and curating data, not for dispensing their gut judgement

thankfully, that's only a quarter of the genetics, though the sad origin of the complexion and propensity to addiction

Rob Dawg wrote:

Democracy R.I.P.

Democracy is a policy error.

We have been here before. As battle-hardened veterans of the panic of 2008 were quick to point out, early November 2011 has started to look frighteningly like mid-September 2008. It is not just that a policy error – George Papandreou's decision to pursue a referendum – has triggered financial market mayhem, although it has. Nor is it just that there has been a deluge of bad news. It is the inescapable sense that policymakers have lost control of the situation and now fear for the worst.

Greek crisis: Government on the brink as PM holds crucial talks | Business | guardian.co.uk 

greenchutes wrote:

propensity to addiction

that's all mythology

but I am Irish

volker the viking wrote:

that's all mythology

no, just all greco-roman root words - volker can ignore

Bad Request
The history of the Greek financial system is not encouraging to those investors that are hoping that this country avoids defaulting on its sovereign debt obligations. Some may take comfort in knowing that while previous defaults were dislocating to the market, the global financial system did not suffer any long term damage because of these events.

But the know that this time is different because they will lose money.

dilbert dogbert wrote:

Remains Of Ancient Race Of Job Creators Found In Rust Belt | The Onion - America's Finest News Source

you're raised two chips:

Nation Finally Breaks Down And Begs Its Smart People To Just Fix Everything | The Onion - America's Finest News Source

I too will take the over, but not by a lot. I suspect this month's report will look a lot like last months. I also think the revision is likely to be upward. As for the UE rate that will depend if the bounce in the participation rate continues, I'll go along with the consensus of unchanged at 9.1%. Would not be shocked by either 9.0% if no rise in participation rate, or 9.2% with an increase in the particiapation rate. I'm expecting a one tick imporvement in the employment rate (employment to population ratio) which is probably the figure to watch, not the UE rate. Agree with CR, even with that sort of a "beat" it is still a crappy report. Need at least double that, and for it to be sustained.

our salvation, as a nation, and global populace

Haralambos wrote:

If you think it is all Kabuki, I will not disagree, but my main point was that the actors need to get on the stage much more often than our American politicians and put on the make-up and adopt the pose.

Most American politicians don't know how to face a crowd in any effective way -- except the country-club or chamber-of-commerce or polite-well-financed-intellectual crowds. They present themselves to the people through a filter of well-massaged television messages and "managed" interviews and appearances.

Let the media guys earn their pay, they say. They've been saying it since Nixon.

Bob Dobbs wrote:

Let the media guys earn their pay, they say. They've been saying it since Nixon.

I was reading a biography of Lincoln recently and started to wonder: who was the last President to write his own speeches? I honestly don't know--does anyone?

Hey Feckless

You got rid of your contact info

Lonnie Athens....sociologist and writer

dilbert dogbert wrote:

So much doom and gloom going around I thought everyone needs a laugh: Remains Of Ancient Race Of Job Creators Found In Rust Belt | The Onion - America's Finest News Source

Did you read it? Dark, dark humor...

JimPortlandOR wrote:

you're raised two chips:

Darn! I am on a low carb diet and can't eat chips. The Onion the only news source you need. Crying doesn't help but a laugh everyonceinawhile helps.

energyecon wrote:

Did you read it? Dark, dark humor...

It is brilliant satire. Of course they left out the part about how the competing race of job creators discovered a magical technology that could legislate prosperity into existence through sheer fiat, and this insurmountable advantage eventually meant the extinction of the elder race, who was then faced with the choice of extinction or assimilation.

If the weekly initial claims report isn't adjusted for population growth, I think it's possible that we've hit the bottom of the trough, and will grind along at current levels for quite a while. Larger population + larger job base = absolute number of initial claims each week might be the same percentage level of initial claims as in previous troughs in layoffs.

ResistanceIsFeudal wrote:

Of course they left out the part about how the competing race of job creators discovered a magical technology that could legislate prosperity into existence through sheer fiat, and this insurmountable advantage eventually meant the extinction of the elder race, who was then faced with the choice of extinction or assimilation.

Hasn't that been used as proof of evolution?

convexity wrote:

I think it's possible that we've hit the bottom of the trough

it's a slippery slope to optimism that seems downright stupid in retrospect

Yalt wrote:

The competing race of job creators will be unknown to future archeologists--they won't have left behind any physical remains.

I'm assuming that's how previous civilizations always seem to reach a high level of cultural development, leave behind great monuments, and then inexplicably vanish without a trace.

energyecon wrote:

Did you read it? Dark, dark humor...

Any intellectual humor these days is going to be in the ultra-violet, if it's honest at all. For cheerier fare, sticky to bodily-function jokes.

NOTaREALmerican wrote:

If the new jobs aren't paying as well as the "old jobs" that's going to be more important going forward that just the numbers of jobs.

......IF?.......

the scheme is to reduce the American wage enough to where the world labor rate rises and somewhere in the middle the recovery gains traction

greenchutes wrote:

and a bit of reflection on the origin of the 'marathon' reference would be in order.

Marathon is the site of a battle in which the Hellenes repulsed the Persians. The runner announcing the victory was Pheidippides. who arrived in Athens to announce the victory and collapsed. This is from Wikipedia: Pheidippides - Wikipedia, the free encyclopedia

"The traditional story relates that Pheidippides (530 BC–490 BC), an Athenian herald, was sent to Sparta to request help when the Persians landed at Marathon, Greece. He ran 240 km (150 mi) in two days. He then ran the 40 km (25 mi) from the battlefield near Marathon to Athens to announce the Greek victory over Persia in the Battle of Marathon (490 BC) with the word "Νενικήκαμεν" (Nenikékamen, "We have won") and collapsed and died on the spot from exhaustion."

I would urge folks not to trust any film version of these events or of the narrative of the fall of Troy. Hollywood renditions of Greek myth and history as are CDOs to real worth.

Juvenal Delinquent wrote:

I had visions of toucans flying overhead and a flagging economy waving...

we know that a pirate says ARRRRRRRRRRR, but it seems to let 'D' off the hook.

Haralambos, " Hollywood renditions of Greek myth and history as are CDOs to real worth. "

NOTaREALmerican wrote:

We're looking for a new DBA.

Nice if you can get budget approval. Long story short... I need to re-org a department and have already been told if I cut the chaff, then it'll be looked as a cost saving and no new heads will be approved. Freaking idiocy...
I wouldn't even get a bonus for the cost savings
~splat

Cinco-X wrote:

Doesn't a Toucan make a sound more like awwwwk!

"Because Everybody needs Toucan Stubs"
- H.Cain, 2011
~splat

Cinco-X wrote:

Doesn't a Toucan make a sound more like awwwwk!

if you grab it in the right spot

splat wrote:

"Because Everybody needs Toucan Stubs"
- H.Cain, 2011
~splat

I'm gonna leave a dime for you to eat at White Castle...

Cinco-X wrote:

a dime

Thank you Mr. Rockefeller.

volker the viking wrote:

Thank you Mr. Rockefeller.

At least they were silber dimes.

Cinco-X wrote:

FD: I made a mistake with that word in a rough draft about 16 years ago... I referenced discreet transistors, and the CTO asked me if they were very closed lip....

You were either right or you were wrong. No two ways about it.

Where does this fit in the numbers?

AMD to ax 1,400 workers in cost-cutting move - MarketWatch

Black Star Ranch wrote:

......IF?.......

Well, it would be nice to see it. We suspect, but everybody on here is a pessimist. So you can't trust us, we're all abnormal.

Rob Dawg wrote:

You were either right or you were wrong. No two ways about it.

Rethink the Schrodinger's Cat paradox...

Yalt wrote:

they won't have left behind any physical remains.

Or jobs?

Blackhalo wrote:

Yalt wrote:

they won't have left behind any physical remains.

Or jobs?

In the long run, we're all dead...

splat wrote:

"All you can do is give that wookchuck a Tuna melt.. "
~splat

"Yes I'm rollin in it; I could probably freak on you...."

Hi guys, gosh, the mkt was up so everything is fine.

Except it isn't.

lawyerliz wrote:

Hi guys, gosh, the mkt was up so everything is fine. Except it isn't.

Speaking as a member of the 1%, everything is indeed fine.
~splat

edit: I'm not really part of the corrupt oligarchy

splat wrote:

edit: I'm not really part of the corrupt oligarchy

"Mes'can people don't eat sugar, especially when it's a mixture of lice and tiger DNA"...

Haralambos wrote:

Our attention spans have shrunk.

However, when there's a need to pay attention people can. What doomed the US wasn't attention span; it was 50+ years of not needing to pay attention because government could and did provide every socialist fantasy to every constituent using debt.

We've had 3 or 4 generations of people that thought there really were no limits on what debt could provide. When you really don't need government to decide EITHER this kick-ass cool war or THAT smothering-mommy program - because you can have both - then you really don't need government at all. Until you suddenly do, but then it's too late. Like now.

(Note to true-believer knee-jerk reaction people. I'm talking about all forms of debt, public and private).

Cinco-X wrote:

"Mes'can people don't eat sugar, especially when it's a mixture of lice and tiger DNA"...

Heh.. their work kills me, this had me rolling.
YouTube - "Beard With Glue" — a Bad Lip Reading
~splat

People on this blog have interesting ways of looking at THINGS.

" Be well, all. "

I enjoy reading your comments. Sleep Tight.

Solar flares can mess up communications and satellites, and maybe a disastrous amount of electronic stuff, but the particles thereof could hardly move anything the size of a baseball.

But you knew that.

I understand there actually is an answer to whether Zebra is white with black stripes or vice versa, but I don't remember what it is and I don't understand why anybody should care.

Try and esplain the stripes on zebras on revolucion ave in Tijuana?

Yancy posted....Juvenal Delinquent wrote:
A little harsh there bearly, seeing as she's been married since before the turn of the century, but how would you know that, other than googling it, like I just did.
This doesn't prove bearly wrong.

Wow. A Calvinball master!

lawyerliz wrote:

But you knew that.

gonna complicate the situation

the thing has the potential to react not according to model

do they really know anything for sure other than a rock the size of Rhode Island is fixing to do a fly by?

I understand there actually is an answer to whether Zebra is white with black stripes or vice versa, but I don't remember what it is and I don't understand why anybody should care.

Because Zebras with stripes that deviate slightly more to the left are racially inferior to Zebras with right leaning stripes.
~splat

poic wrote:

Speaking of dreads where's HG?

pissing away his life savings on starting a new bidness

NOTaREALmerican wrote:

and crashes into the earth?

No one will care about the economy any more.

NOTaREALmerican wrote:

Sure, but what if the asteroid is zooming in and passes through the wake of the moon, and bumps off a wave, changes directions and crashes into the earth?

I, for one, would benefit from an opinion from the hub.

JP wrote:

It's probably headed straight for Greece, in fact.

Maybe there's a CDS for this?

There was a Star Trek I show about that.

These 2 guys--the last 2 guys of their planet--were locked in mortal combat. At the end asks why they were fighting.

It's obvous, they say, the other guy is colored wrongly. But, you are both half black and half white!! Yes, but he is black on the right, whereas I am black on the left. Nice little sermon.

When I see him, I will ask him.

He doesn't seem worried tho.

lawyerliz wrote:

There was a Star Trek I show about that.

That's exactly where I got it from
~splat

JP wrote:

It's probably headed straight for Greece, in fact.

it would seem they project a potential for water impact thus the test for the World Tsunami Alert System Nov 8, and the concurrent nationwide test of the emergency broadcast system

they're gonna interrupt all radio and television, cable, wireless, PC, and anything connected to the world wide web at 3 PM that afternoon. You can look it up.

Here in the swamp we're gonna be as off the grid as possible with all computers unplugged, turned off, and hopefully escaping notice.

Just getting ready to leave Vegas - was here all week for the SEMA 'Auto' Show [specialty/sport equipment mfg assn]. Fun show. Absolutely packed. An exhibitor told me the attendance was 30% above last year and last year was better than the year before. Lotsa car bling. Awesome sports cars and hot rods on display too.

I had come in early and also went to ATRA & APRA [engine and tranny rebuilders ass'ns] and also AAPEX [aftermarket parts & equipment]. The aftermarket show is really two shows -- one is for the bigger 'tier one' part mfgrs and the other in the basement below the first is for the parts suppliers. Most of them from offshore. We refer to the basement as 'Chinatown'. The Chinese seem to be here in even more numbers than last year. Others [like the Indians and other South Asians] seemed way off. You really have to see Chinatown to believe it.

Anyway I point this out because the difference between the two is striking. The 'low brow' products area as represented by Chinatown seemed desperate and poorly attended - meanwhile those buyers looking for the hottest 'matte' detailing paint colors or interior bling were elbowing each other to get access.

Just saying...

JP wrote:
>

It's probably headed straight for Greece, in fact.

So no need to worry about the default? Risk ON!

I suspect the only banana republic that Bachman is familiar with it the one at the Mall. She is however right (broken clock) about our turning into one, and mostly because of the sort of policies she favors. If you want to live in a banana republic, vote for a banana republican

dryfly wrote:

Absolutely packed.

What about Vegas in general. Any sign of Austerity?

(Heard she was around there for awhile.)

There was an asteroid the size of Nantucket
Some were concerned, others said i'll duck it
We stayed up late one night hoping for a fright
Awoke next dawn to find out everything was alright

NOTaREALmerican quoted:

Dirk van Dijk wrote:

If you want to live in a banana republic, vote for a banana republican

AWWWWK

Banana Republic = Plantain B

What about Vegas in general. Any sign of Austerity?

Busy this week. Up by the nicer joints - packed. I crashed a high end investment seminar at the Bellagio and all I can say is they live better than I do.

Down where I was staying [nyny] it wasn't too busy at all - which is why I stay here - I can work and get stuff done.

lawyerliz wrote:

He doesn't seem worried tho.

he's probably remaining calm, and acting like nothing's going on, so you won't get freaked out

inside, he's sweating bullets

Chart comparing accuracy of Silver price predictions over 7,5 months (included both May and September peaks and drops) and extension of prediction for 1 month:

Silver price prediction next month based on 7,5 month good accuracy chart

Hello!

I'm in Tucson, Az.

Are the dreads still frayed and :smelly: HG?

Or are they styling?

dude, isn't that a prole violation?

Juvenal Delinquent wrote:

dude, isn't that a prole violation?

I sure as hell wouldn't live here.

poic<

Still styling, bro.

poic wrote:

No biking for me this weekend.

You big baby.

We're out here for a wedding.

You gonna go on the Colorado River?

poic wrote:

Pulled a muscle badly in my chest on the last day in Maui.

you need to get back to work so you can relax

HomeGnome wrote:

We're out here for a wedding.

you're starting a wedding planning business?

"poic wrote:

Pulled a muscle badly in my chest on the last day in Maui.

you need to get back to work so you can relax "

Funny you say that. We had "friends" stay with us for part of our vacation. Best part of the vacation turned out to be before they arrived and after they left.

volker the viking wrote:

you're starting a wedding planning business?

You're not very good at this.

poic wrote:

Need a new :keep one eye open at night: icon.

Not the brown one.

Greek opposition storm out of parliament, want Papandreou's head - The Globe and Mail

Papandreou will not call for referendum on Greece's Euro membership

Expect early Greece election before referendum: RBC Capital - CNBC-TV18 -

"Greek election still leaves near-term solvency issue"

poic wrote:

LinkedIn Drops After $1.6 Million Loss - Bloomberg

LNKD is soooooo yesterday. It's all about the GRPN, baby

Want to go down under?

Arizona State Parks: Kartchner Caverns: Home 

About an hour from Tucson, and worth a visit...

Eric wrote:

LNKD is soooooo yesterday. It's all about the GRPN, baby

What? Something about a stove?

I'm thinking about a pair trade

BIG: Summary for Big Lots, Inc. Common Stock- Yahoo! Finance BGR: Summary for BlackRock Energy and Resources - Yahoo! Finance

I'm calling it the BIG-BGR trade.

you're a genius

"you're a genius "

You're warming the cockles of my heart.

poic wrote:

I'm calling it the BIG-BGR trade.

Big Lots = Zayre's plus 30 years.

volker the viking wrote:

you're an idiot

Thank you

I'm telling you, the asteroid is heading straight for Greece.

Rickkk wrote:

"Prime Minister George Papandreou struggled to hold on to power after Greece’s largest opposition party rebuffed his overtures to form a national government, raising the prospect of elections that could delay aid needed to prevent default."

Huh, this morning it looked like the various applied-socialists parties there were coming together for one last fix of free loot for the politically connected. Wonder what happened?

"Huh, this morning it looked like the various applied-socialists parties there were coming together for one last fix of free loot for the politically connected. Wonder what happened? "

Papendreou losing power would give them the fix of free loot. Papendreou out --> no referendum --> next tranche of funds

SPOOL wrote:

JP wrote:

I have fond memories of the Sonora Desert museum just outside of Tucson.

Another nice spot is the Desert Botanic Garden in Phoenix.

Visit the Desert Botanical Garden | Desert Botanical Garden in Phoenix, AZ

Both Gems of the Southwest. For the differently minded there's the Pima Air Museum. Home : Pima Air & Space Museum : Tucson, Arizona

Ladies and Gentlemen, please check your reinsurance for spirals.

awesome vid

YouTube - YouTube user: MrCometwatch

JP wrote:

I'm telling you, the asteroid is heading straight for Greece.

I thought Greece was the asteroid

some investor guy quoted/wrote:

JP wrote:
"I'm telling you, the asteroid is heading straight for Greece."
"I thought Greece was the asteroid"

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New Evidence Suggests An Asteroid Couldn't Have Killed The Dinosaurs :: FOOYOH ENTERTAINMENT

Isn't Greece more of a hazardroid?

"is the technical term "flay""

Flagellation - Wikipedia, the free encyclopedia 

Flagellation of Christ - Wikipedia, the free encyclopedia

Uhoh, is pavel online right now?

some investor guy wrote:

is the technical term "flay"

Flense.

Radio New Zealand : News : World : Snap election demanded in Greece

HomeGnome, " I'm in Tucson, Az."

There you Go, Bragging again.

Rob Dawg wrote:

"Flense."

Flensing

From Wikipedia, the free encyclopedia

"Flensing is the removing of the outer integument (blubber) of whales. English whalemen called it "flenching", while American whalemen called it "cutting-in".

Huh. We call that liposuction over here.

HomeGnome wrote:

JP<
We might go to the park.
Thanks for the suggestion

The Botanical Garden is great, been there many times.
It really is a habitat zoo.

YouTube - Lost My Marbles

YouTube - Marbles found - clip from Hook

If the Greeks are denied a chance at the referendum, won't they just find another way to vote?