Cautionary tale
Bob Morris @ 20:15 Category: Unfiled;
September 23, 2008
The government should only buy low-priced tulips
Bob Morris @ 16:28 Category: Credit crisis;
Sue sez:
Maybe the shitty-forgive-my-language derivatives have no value. And that’s why nobody want to buy them. So we the taxpayers will. So Wall Street executives, may they be flambeed in tulip bulb oil, can get their golden parachutes. How STUPID are we? Apparently — VERY.
Yes, just why does the proposed Paulson Bailout insist that the TGFKAI (Toxic Garbage Formerly Known as Investments) be bought by the government at excessively high, Fantasyland hold-to-maturity prices, rather than the actual market price? Just who gains from this? Not the taxpayer.
If we’re going to buy tulips from failed entities to in order to save their sorry asses, then they, not the taxpayer, can jolly well take a big financial hit in the process. Referring to the chart above as a guide, the government should buy the toxic glop at May 1, not Feb. 9 prices.
From Bloomberg. Americans oppose bailouts, Favor Obama to handle market crisis
Hydrogen fuel injection boosts mileage
Bob Morris @ 16:12 Category: Unfiled Tags: Hydrogen fuel injection;
What may have seemed outlandish is apparently true. Hydrogen generators for cars electrolyze water and inject the resulting hydrogen and oxygen into the intake system and boosts mileage.
The hydrogen and oxygen displace some of the fossil fuels in the cylinders, help the gasoline or diesel fuel to burn more efficiently, increase power and decrease pollutants coming out the tailpipe.
The U. S. Department of Transportation, NASA and the National Hydrogen Association have said “hydrogen fuel injection is real and viable technology.”
Quote of the Day: Chavez on Bush
Bob Morris @ 11:30 Category: Socialism;
“I nationalize strategic companies and get criticized, but when Bush does it, it’s OK,” [President] Chavez [of Venezuela] said on weekly television program Sept. 21. “Bush is turning socialist. How are you, comrade Bush?“
How geothermal heating and cooling works
Bob Morris @ 08:20 Category: Renewable energy Tags: geothermal energy;
Fried
Bob Morris @ 00:30 Category: Unfiled;
The stock markets are gyrating wildly. Every day brings news that in more sedate times would have been thought to be science fiction (or maybe horror.)
It’s quite possible that there “will be a run on thousands of highly leveraged hedge funds” these next few days. This means they will have to dump their holdings on the market to meet redemptions, something that will only increase volatility and chaos. Sharks will then attack anything that looks wounded. Welcome to the jungle.
I’ve been trading stocks and options, mostly puts, which increase in value as the stock drops. These past couple of weeks have me, and I suspect most anyone close to the market, fried. There’s also a sense that these times are historic, will be written about in history books, and decisions made now will have vast and unalterable repercussions. I’m also willing to at least consider the possibility that Paulson may have stopped - at least for now, hopefully for good - a complete meltdown in the world financial markets. Yeah, I think it did get that close.
“Me, I’m sitting so patiently / Lying on the floor / Just trying to do this jigsaw puzzle / Before it rains anymore.”
