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snark I thought that one was bogus too. If I read you right, I agree that the points dibs article raises are on the fringe. we have a cataclysmic banking crisis going on, a plunge in asset prices with no sign of a bottom, and soaring unemployment, all globally.
moreover, a lot of these points are coincidental and not necessarily good:
what good are higher hourly earnings when people can’t GET the hours of work?
what good is a succesful bond offering when the companies have to pay 10% a year in interest to borrow the money?
the LIBOR rate did drop, but it’s because all of the governments stepped in to support the banks – not a sign of a turnaround. same true of prices of credit default swaps for banks.
“some securities on banks books are starting to recover in value”? come on. some? See Krugman’s blog today. The banks could lose 100s of billions more.
existing home sales can rise due to increased foreclosures.
At least half of that list is bogus. Someone tried to write an article based on numbers alone, with no context or meaning even attempted. pretty irresponsible — I would suggest finding an actual economist with a reputation to uphold to lay this out.
(bernanke’s actually doing that on cnbc right now…)
When I lived in Manhattan, I’d walk by the Cathedral on the way to work everyday. I thought about getting ashes but the line was out the door and around the corner!!! Right next to my office was an Episcopalian church that was giving out ashes, no wait, no muss, no fuss. Ecumenicalism (sp?) at its finest!!!!
You’re so right MM. When I was fresh out of college I worked retail on the UES. It was so foreign to me to see all these kids in private school uniforms being shuttled by nannies from one activity to another. Their bookbags are almost bigger than them! The nannies must have blackberries just to keep up with the kids overwhelming schedules. Who is at what at what time? Who needs to be picked up then dropped off where? Yikes!
They don’t get to come home from school grab a snack and “go out and play” They have a “Play Date”. How sad is it that even their playing is scheduled event.
i have a funny ash wednesday story. i was a total nerd in high school who never ever got in trouble but i almost got suspended my senior year for upsetting my like 99 year old homeroom teacher when he saw me wipe my finger on the floor and put dirt on my forehead on ash wednesday. he came over to me and bugged out more than i ever saw ANYONE bug out in their entire life calling me all kinds of names then he totally feigned a heart attack, ran out into the hall, and said that i did something to him that i totally didnt!!! i was like omg what a FREAK! im not sure why it offended him so badly, i was a good kid who thought it would be funny to put my own ash on my head. big deal. for the rest of the year he refused to even look at me or say anything to me. i should have apologized, but i didn’t. i think ill put some fake ash on my head tomorrow in memory of him. he was a d-ckbag.
I think people have forgotten that good old fashioned play is necessary to physical and social development. How is a kid going to learn to socialize with others, explore and develop his/her imagination and curiosity, and get any physical exercise, by spending most of their childhood trying to meet up to their parent’s expectations of an Ivy League education? It’s really tough being a kid now. So many of my friends’ kids have a tighter schedule than a Park Avenue socialite. School, music lessons, karate, tutoring, science club, other sports, etc, etc.
My parents, who had high demands and great expectations and hopes for us, never forbade us play time, in fact, they kicked my bookish, nerdy self outside all the time. I had a great childhood, all things considered, and did well in school, too. So did my brother, and my friends. It doesn’t have to be either, or.
That was my childhood too! All the moms on the block had the kids outdoors all day. Didn’t matter what the temp. was you just put on or took off whatever was necessary. They called the backyards the rolling playground. We just ran from yard to yard playing any game you could think off. Each backyard had it’s “cool” factor. My friends had an enormous playground style jungle gym. Someone else had a pool. Me? I had the swing set but the big draw was the giant treehouse that my dad built complete with a “kitchen”. It also had a backdoor that we’d jump out of to the ground just to give my mom heart attacks. If we weren’t out back we were riding bikes (2 block radius limit!). The dads also built bike trails on the undeveloped plots of land with big dirt mounds for doing jumps off.
Heck, my dad had us shooting in skeet competitions when we were 12. I could handle a bb gun by age 6.
That’s a big reason way it was so important for us to get a house with a backyard. Call me hokey but I’m not going to let my kids (future kids) miss out on that.
> “16. The money supply is soaring, a sign that there’s plenty of liquidity in the economy”
SAN FRANCISCO (MarketWatch) — The credit crunch may only be in its early stages and a bigger contraction in lending in coming months could have “serious implications” for the U.S. economy, Standard & Poor’s Rating Services said Friday.
snark I thought that one was bogus too. If I read you right, I agree that the points dibs article raises are on the fringe. we have a cataclysmic banking crisis going on, a plunge in asset prices with no sign of a bottom, and soaring unemployment, all globally.
moreover, a lot of these points are coincidental and not necessarily good:
what good are higher hourly earnings when people can’t GET the hours of work?
what good is a succesful bond offering when the companies have to pay 10% a year in interest to borrow the money?
the LIBOR rate did drop, but it’s because all of the governments stepped in to support the banks – not a sign of a turnaround. same true of prices of credit default swaps for banks.
“some securities on banks books are starting to recover in value”? come on. some? See Krugman’s blog today. The banks could lose 100s of billions more.
existing home sales can rise due to increased foreclosures.
At least half of that list is bogus. Someone tried to write an article based on numbers alone, with no context or meaning even attempted. pretty irresponsible — I would suggest finding an actual economist with a reputation to uphold to lay this out.
(bernanke’s actually doing that on cnbc right now…)
When I lived in Manhattan, I’d walk by the Cathedral on the way to work everyday. I thought about getting ashes but the line was out the door and around the corner!!! Right next to my office was an Episcopalian church that was giving out ashes, no wait, no muss, no fuss. Ecumenicalism (sp?) at its finest!!!!
You’re so right MM. When I was fresh out of college I worked retail on the UES. It was so foreign to me to see all these kids in private school uniforms being shuttled by nannies from one activity to another. Their bookbags are almost bigger than them! The nannies must have blackberries just to keep up with the kids overwhelming schedules. Who is at what at what time? Who needs to be picked up then dropped off where? Yikes!
They don’t get to come home from school grab a snack and “go out and play” They have a “Play Date”. How sad is it that even their playing is scheduled event.
🙁
i have a funny ash wednesday story. i was a total nerd in high school who never ever got in trouble but i almost got suspended my senior year for upsetting my like 99 year old homeroom teacher when he saw me wipe my finger on the floor and put dirt on my forehead on ash wednesday. he came over to me and bugged out more than i ever saw ANYONE bug out in their entire life calling me all kinds of names then he totally feigned a heart attack, ran out into the hall, and said that i did something to him that i totally didnt!!! i was like omg what a FREAK! im not sure why it offended him so badly, i was a good kid who thought it would be funny to put my own ash on my head. big deal. for the rest of the year he refused to even look at me or say anything to me. i should have apologized, but i didn’t. i think ill put some fake ash on my head tomorrow in memory of him. he was a d-ckbag.
*r*
yes rob, we just ordered Virgil’s ribs!!!!
Ash Wednesday tomorrow you heathens!!!!!
I think people have forgotten that good old fashioned play is necessary to physical and social development. How is a kid going to learn to socialize with others, explore and develop his/her imagination and curiosity, and get any physical exercise, by spending most of their childhood trying to meet up to their parent’s expectations of an Ivy League education? It’s really tough being a kid now. So many of my friends’ kids have a tighter schedule than a Park Avenue socialite. School, music lessons, karate, tutoring, science club, other sports, etc, etc.
My parents, who had high demands and great expectations and hopes for us, never forbade us play time, in fact, they kicked my bookish, nerdy self outside all the time. I had a great childhood, all things considered, and did well in school, too. So did my brother, and my friends. It doesn’t have to be either, or.
holy crap is today mardi gras?
*r*
Benson and Biff,
That was my childhood too! All the moms on the block had the kids outdoors all day. Didn’t matter what the temp. was you just put on or took off whatever was necessary. They called the backyards the rolling playground. We just ran from yard to yard playing any game you could think off. Each backyard had it’s “cool” factor. My friends had an enormous playground style jungle gym. Someone else had a pool. Me? I had the swing set but the big draw was the giant treehouse that my dad built complete with a “kitchen”. It also had a backdoor that we’d jump out of to the ground just to give my mom heart attacks. If we weren’t out back we were riding bikes (2 block radius limit!). The dads also built bike trails on the undeveloped plots of land with big dirt mounds for doing jumps off.
Heck, my dad had us shooting in skeet competitions when we were 12. I could handle a bb gun by age 6.
That’s a big reason way it was so important for us to get a house with a backyard. Call me hokey but I’m not going to let my kids (future kids) miss out on that.
I think I turned out (pretty) o.k.
> “16. The money supply is soaring, a sign that there’s plenty of liquidity in the economy”
SAN FRANCISCO (MarketWatch) — The credit crunch may only be in its early stages and a bigger contraction in lending in coming months could have “serious implications” for the U.S. economy, Standard & Poor’s Rating Services said Friday.