FB: Liberty League

[mattvsmith]

Any other of the LLPP economists think we have finally found a bottom to this thing?

Nope.  They are trying to solve problems caused by overly-loose credit by loosening credit and turning on the printing press.

The Rev is loathe to make a drastic prediction like hyperinflatonary depression, but unless they stop trying to fix things and let economic laws work everything out naturally, they will only make matters worse.

[wildcat11]

The Rev also cannot understand men who put things in urinals that obviously do not belong in it.  Don't they realize that someone must come through and pluck the foreign objects out by hand?

Rev, newsflash....doods are sick and twisted.  

['gro]

Back in HS The Rev had a series of Soviet exchange students stay with him.  None of them knew how to use an American bathroom.  They would put used TP in the garbage can and banana peels in the toilet.  First time The Rev noticed the used TP in the garbage can, he nearly projectile vomited.  The Rev can't imagine seeing it on the floor.  Each time a new set of kids came through, The Rev had to give them a Bathroom Orientation.

"In Soviet Russia... poop flush YOU!"

[mattvsmith]

There is something to global "confidence" being supported.  It will have an impact on the economy and help stabilize...

PA, just remember that the "con" in "con man" is short for "confidence."  He gets your confidence undeservedly and then lures you into to paying for something worthless (if not harmful) to you.

Lending and investing must be based on savings.  Americans are notorious non-savers.  Therefore the only way to provide funds to lend was to turn on the printing press.  But this is not real growth, only an illusion of growth known as inflation.

Not all growth is equal.  Cancer is growth, but rarely do people think that the 30 extra pounds they have from their tumors is cause for celebration.  Likewise, the thousands of extra points on the DJIA from the last decade isn't really cause for celebration because it was fueled by inflation (which goes woefully under-reported by the gov't) not by solid, sustainable investment through savings.

The Rev has nothing against investment and speculation.  In fact The Rev is a big fan of the market and its mechanisms.  The Rev also agrees wholeheartedly that business should be about relationships because that is how God created humans.  We were made to relate with one another, not to use one another as we use tools.  Sadly, just as Wildcat11 pointed out to The Rev, "doods are sick and twisted" in regards to the bathroom, the same observation applies to us across the board.

The Rev doesn't think the economy is fundamentally unsound because of the infrastructure or anything inorganic. Physically, we have all the makings of a great economy and a wonderful world.   The Rev thinks the economy is fundamentally unsound because there is a severe lack of philosophy underlying men's activities. Ethics courses in business schools are little more than etiquette courses that teach you how not to breech the guidelines set up by litigation and employment law.

If The Rev were dean of a business school, he'd make sure that Thomistic philosophy would be an integral part of the curriculum.  The idea being that a) potential employers will know that everyone they hire from said b-school can be trusted to do the right thing--even if no one is looking; and b) the market would benefit by people who consider what the numbers mean to people rather than just thinking numbers are nothing more than numbers.

[mattvsmith]

"In Soviet Russia... poop flush YOU!"

Which reminds The Rev...

Feb 1989, The Rev was at the Moscow Circus and had a Red Alert-Code Brown.

The Rev ran to the restroom--which was surprisingly clean for the Soviet Union--jumped into stall ready to put the moon lander on the toilet when he noticed there was no toilet seat.  The Rev checked other stalls.  No toilet seats in the whole place.

This couldn't really wait, so The Rev just sat on the porcelain and took care of business in a big way.  Then The Rev looked at the TP dispenser.  It was a little box with photocopy paper cut into 4x4 squares.  At first The Rev was beside himself wondering if he could do a make-shift bidet in the sink.  Instead, The Rev toughed out the photocopy paper and it worked surprisingly well.  He tossed the used paper into the little garbage bin Soviet-style because he knew that the toilet couldn't handle the paper.

By the way, if you are going to use photocopy paper in a pinch, crumple it up over and over again to soften if up a little.  And beware the paper cuts.

[JT]

There is something to global "confidence" being supported.  It will have an impact on the economy and help stabilize...

PA, just remember that the "con" in "con man" is short for "confidence."  He gets your confidence undeservedly and then lures you into to paying for something worthless (if not harmful) to you.

Lending and investing must be based on savings.  Americans are notorious non-savers.  Therefore the only way to provide funds to lend was to turn on the printing press.  But this is not real growth, only an illusion of growth known as inflation.

Not all growth is equal.  Cancer is growth, but rarely do people think that the 30 extra pounds they have from their tumors is cause for celebration.  Likewise, the thousands of extra points on the DJIA from the last decade isn't really cause for celebration because it was fueled by inflation (which goes woefully under-reported by the gov't) not by solid, sustainable investment through savings.

The Rev has nothing against investment and speculation.  In fact The Rev is a big fan of the market and its mechanisms.  The Rev also agrees wholeheartedly that business should be about relationships because that is how God created humans.  We were made to relate with one another, not to use one another as we use tools.  Sadly, just as Wildcat11 pointed out to The Rev, "doods are sick and twisted" in regards to the bathroom, the same observation applies to us across the board.

The Rev doesn't think the economy is fundamentally unsound because of the infrastructure or anything inorganic. Physically, we have all the makings of a great economy and a wonderful world.   The Rev thinks the economy is fundamentally unsound because there is a severe lack of philosophy underlying men's activities. Ethics courses in business schools are little more than etiquette courses that teach you how not to breech the guidelines set up by litigation and employment law.

If The Rev were dean of a business school, he'd make sure that Thomistic philosophy would be an integral part of the curriculum.  The idea being that a) potential employers will know that everyone they hire from said b-school can be trusted to do the right thing--even if no one is looking; and b) the market would benefit by people who consider what the numbers mean to people rather than just thinking numbers are nothing more than numbers.

The Rev needs to spend time in the political room.  Nice post.

[JT]

JT is basically a trader, not an investor.  JT's advice... tread lightly, and don't put too much in one company or sector.  JT has been picking beaten down stocks with good fundamentals and ride her till she bucks.  Quick profit.  People need to learn some technicals (chart reading, some indicators). JT lives by Japanese candles, moving avg long and short, and stochastics.  JT's thinking about a stock picking service but isn't quite there yet.

Just be careful.  Avoid possible nationalizing industries and companies.  Govt is making the rules and ignoring the law or making it up as they go along.

Never give back a profit.  You buy something, keep those stops tight.  Trail a profit with stops.

JT's online broker has a new cool thing.  JT can set a trailing stop by amt or percentage and it will follow the stock unwatched.

Long term pick anti inflationary like food, commercial transportation, energy.  Medical might become nationalized so tread lightly.

[mattvsmith]

Just be careful.  Avoid possible nationalizing industries and companies.  Govt is making the rules and ignoring the law or making it up as they go along.

Never give back a profit.  You buy something, keep those stops tight.  Trail a profit with stops.

JT's online broker has a new cool thing.  JT can set a trailing stop by amt or percentage and it will follow the stock unwatched.

Long term pick anti inflationary like food, commercial transportation, energy.  Medical might become nationalized so tread lightly.

Interesting.  The Rev had a friend, The Donut, whose dad has a good rule of thumb for investing: he sells at 50% profit or at 25% loss.

The Rev likes JT's trailing stops idea.  Back in 1997, The Rev was briefly a retail broker.  his company underwrote an IPO so he could sell the $10 share at $9.  Rev managed to convince freshman roommate's senior-year roommate to buy 100 shares.  Rev set a sell stop at $15.  The Rev then left the business because he was frankly not good at sales.  Months later The Rev looked at the stocks page out of curiosity and saw that stock was at $2.  The Rev gulped big.

At the next class reunion, dood and his wife hunted down The Rev to talk to him about stocks.  The Rev was scared.  Turns out, the stock had gone up to about $15.25 before tanking, so they succeeded in selling their shares at a healthy profit.  Then everyone asked Rev for his office number and he was a little mad at himself for leaving the business at that point.  Such is life.

The Rev also agrees wholeheartedly about avoiding sectors likely to become nationalized.

[Knightstalker]

When KS was in the Navy he was taking a leak at a bar when a Marine walked in and used the stall next to  KS.  KS put away his equipment and buttoned up the flap on his blues and started to leave.  The Marine said to KS, in boot camp the sarge taught us all to wash our hands after we take a leak.  KS replied, in Navy boot camp my chief taught us not to piss on our hands.

So, you're admitting to being "that guy".  What the .....?
Is the 30 extra seconds that important that you can't take the time to wash your hands?  I don't get it?

Joke dood, joke, very old joke.  Reg, I think you need to move back east, WI is slowing you down.

[Regulator]

When KS was in the Navy he was taking a leak at a bar when a Marine walked in and used the stall next to  KS.  KS put away his equipment and buttoned up the flap on his blues and started to leave.  The Marine said to KS, in boot camp the sarge taught us all to wash our hands after we take a leak.  KS replied, in Navy boot camp my chief taught us not to piss on our hands.

So, you're admitting to being "that guy".  What the .....?
Is the 30 extra seconds that important that you can't take the time to wash your hands?  I don't get it?

Joke dood, joke, very old joke.  Reg, I think you need to move back east, WI is slowing you down.

Thanks for clarifying.....there are so many people that don't wash their hands, I thought it was a fad, like nantucket red and flat front pants.

[bman]

Bman likes the following super for today's 11th at Churchill

16   Pioneer of the Nile
6   Fresian Fire
5   Hold Me Back
7   Papa Clem


Bman would not count out the 3 or the 12 , and will mix them in...

Weather huge factor

[Knightstalker]

OK all you LLPP racing experts, what is the synthetic turf they are talking about for horse racing? 

[union89]

todays random bathroom thoughts/sightings...

1. Who wipes green (sometimes bloody) boogers on the wall? have any of the llpp'rs ever done this? what is the reasoning behind it? although several of pbr's coworkers have stated it gives them something to look at while standing at the urinal...

2. Signage spotted in bathroom stalls (true story) .... " Please put used toilet paper in toilet and flush. Do not put it on the floor. Thanks "  wtf...who puts used t.p. on the floor? nasty...cant imagine any llpprs have done this...no? crazy world

1. See it in places like Rest Stop bathrooms or McDonald's.  Never saw it in a place of employment.

The Rev wonders who would smear it on the wall when the blood gives the booger such a delicious tangy flavor!

2. Back in HS The Rev had a series of Soviet exchange students stay with him.  None of them knew how to use an American bathroom.  They would put used TP in the garbage can and banana peels in the toilet.  First time The Rev noticed the used TP in the garbage can, he nearly projectile vomited.  The Rev can't imagine seeing it on the floor.  Each time a new set of kids came through, The Rev had to give them a Bathroom Orientation.

The Rev also cannot understand men who put things in urinals that obviously do not belong in it.  Don't they realize that someone must come through and pluck the foreign objects out by hand?

True story....in Cabo San Lucas, the restaurants & bars request that you put the used TP in the trash.  U89 chose to ignore this request and flushed the nasty remnants.

[lewdogg11]

LD11, with an interest in personal alcohol consumption, decided to count the amount of beers consumed yesterday.  I've tried this before but I always lose count because you just forget, so I decided on putting every beer cap in my pocket that was consumed for the entire day.  This debacle started around 3 ans ended around 2am.  The final count was 26.  That was basically a day of social drinking, enjoying the weather, Derby, and Celtics game.  I'm pretty impressed with myself.  The news about Wade Boggs drinking 64 beers on a cross country flight was my inspiration.  I believe it can be done by a true professional.

[Knightstalker]

Check out JT's post from the politcal boards today.  KS thinks JT may a LLPP styled freduian slip.

RPI Jack Kemp 1935-2009.  He succumbed to cancer after being diagnosed in January.  A good man and a decent conservative.  Too bad he was only the VP candidate in 1996 and not the Presidential candidate.  He might have given ol BJ Clinton a better run for his money.