NNAME CHANGE

I was going to simply comment on The Leader's speech yesterday but decided to wait and tie it all up in a nice bow with the comments of Our Hero in the town hall meeting on CNBC with the fetching Erin. So I watched and in the space of the first 20 minutes, Our Hero managed to give five answers to four questioned asked none of which were responsive. Indeed, his answered were pre-packaged to questions he had seemingly asked himself..."Self, what do you think..." Well, Self I'm sure..." And I'm sitting there saying to myself, "Self, THIS is the Secretary of the Treasury of the United States?"

Among those answers to questions never asked was his admission that he never had a real job; that he had been in the public sector all his life. He seemed proud of it, and I'm saying to myself, "Self, of course he hasn't. The guy's a suit. Put him among those who he supposed to be regulating and without the regulatory clout and weight of the position this guy is lunch in a New York Minute." Self agreed by the way. If there was ever any doubt that we have is a, "Yes sir, yes sir, three bags full sir," and "How high am I supposed to jump Messrs. Emmanuel and Summers, sirs?" that was dispelled the other evening. On top of it all he was snide while trying to be funny, arrogant while attempting to appear in control and evasive where clarity was needed. In short, the perfect public sector suit. And so, from this day forward let the word go forth that Our Hero has become.....THE SUIT.

As for The Leader, as my late friend Jimmy would have said, "Nothing of importance was discussed (that we hadn't heard before)."' I know, I know I promised not to be political, but one has to ask, "Where do we get such men?"

And the beat goes on. Gold closed above $1000 today; the ten year slipped down to around 3.25% in yield; the dollar is slipping into oblivion and not a soul appears to really care or understand what's happening. Maybe that's why they don't care. I mean, after all, if the geniuses around the globe don't care that the world's reserve currency has no value, why should we? The Chinese continue to invest in it (having no place else to go, or so we are told) projective deficits are at levels heretofor unimagined with no concrete plan to reduce them other than placing faith in The Suit who assured us last night that they will be reduced along with the assurances that the mostly unspent stimulus package created or saved 1,000,000 jobs. Right. At least my short term future is looking up. Michigan/Notre Dame followed by OSU/USC tomorrow on the Tube. You know where to find me...if the beer holds out.



Today is a tough one. I lost my Mom many years ago and a lot of friends a few years back. 9/11 is a date which is impossible for me to forget. Rest in peace.