It's a long shot, but the fly-over zone is hot as hell so maybe Al Gore was on to something other than how to make a quick 100 million and score Hollywood babes. Maybe, but I doubt it. Al was never on to anything that required any degree of intellectual effort.
This is a bad time for guys like me because we need action; we can't make up things out of thin air and right now that's what we have and hot thin air at that. I've been around long enough to realize that when it all goes quiet that mwans there are real problems. Politician of any stripe cannot resist babbling about all that they're doing to solve the problems of the day with their astounding intelligence and super-human energy levels. When it goes quiet that means they got nuthin'. Washington is at an impass and the Euros are starying into an abyss known as the End of the EURO. The stock market is wandering lower, gold is wandering higher, durations are becoming shorter and shorter, and a new breed of geniuses are clammoring for investors to buy T-Bills because they are sold on a discounted yield basis which means there cannot be an interest payment default...huh? If there is anyone out there who can understand what the hell that is supposed to mean, call me. I'm tellin' ya, it's the silly season. Must be the heat.
The fate of the Euro, however, is now being openly discussed, not only within the blogosphere and academia, but by serious folk on both sides of the pond. Frankly, I think the French and the Germans along with a few others would sacrifice anyone and anything to preserve the currency but I have to admit that a few doubts are creeping into this, my long-standing belief. I must admit at being surprised as to how long it has taken the Euros to come to the realization that as to Greece the jig is up and really
surprised at the lack of pragmatism which heretofore had always been synomious to them as to finding a solution. Academic arguments as to what constitutes "eligible paper" at a time like this is well out of character. Then again that might change. Last week the results of the new "stress tests" on Euro banks were released and greated with instant incredulity on the part of everyone. I am told the ECB was stunned at the reaction which in it self would spark incredulity. The postponement of the ministers' meeting to Thursday of this week was in no little part influenced by the reaction. The last vestage of clothing has been torn away: there aint nothin' on the Emperor. I think they must--and will--move shortly; they have run out of time. Hence, now the silence. We shall wait.
Over here, it's much the same. The suit was talking tough on tv this morning and the comment was made that the markes did......nothing. He's irrelevant. Has been for a while, just no one noticed. We've reached the end of ideas and now it comes down to can the respective caucasuses reach majorities within themselves to allow a deal to happen or not. Frankly, I don't know and as I have said if not, I don't know the result. Here, too, we wait.
Carter checked in as you have probably seen. There are not many of us involved with triplets at any level but I can offer this advice: Carter, if you are thinking about retiring from the world in a log cabin somewhere in the woode, think again. There is no cabin so big that does not become small when triplets come a-calling. You need a place to run and hide. And I don't think the Euros make it to September even if it means the French don't get all of their holiday in August...then again, you may have a point. Nothing is THAT important...
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