With all the news of disasters popping every day, I think it is time for a bit optimism to cheer you up.
During time of turmoils, it is comforting to know there are some constants. In our case, the constant is breasts. No matter how bads thing are, cleavage are always nice. You see, I am not a leg person. I have legs. By the way, women always know if you stare at their chest. The bottom line is to think of them like the sun. You never stare at the sun, only a quick glance to appreciate its existence.
On some more serious stuff, I was sitting around watching the Presidential Debate with my ferrets (Oprah and Glenn Beck) and couldn’t get any angrier when Obama blames the financial crisis on the Bush Administration. If I were to point a finger, I would point to the Clinton administration. During Clinton era, lenders were to pressured to loosen loan standard in order to increase minority (read low-income) home ownership. This strategy worked wonder during time of easy money (great job, Mr. Greenspan !) when home prices were increasing. Well, you know the rest of the story.
So far, following the financial crisis has been fun for me. It a relief to know that some of my friends won’t be able to make billions by taking a whole lot of money that borrowed from banks at super-low rates and throwing them into some algorithm in which a machine makes millions of trade a day selling/buying some super complex financial products made up by “super-smart” bankers who got bored of pushing paper and re-packing every worthless pieces of home loan to churn out a super high rate piece of mortgage.
Last week, Steve Levitt confessed:
As an economist, I am supposed to have something intelligent to say about the current financial crisis. To be honest, however, I haven’t got the foggiest idea what this all means.
at some points back in the 80 when no one was listening to economist with their well-thought, precise mathematical calculation on every aspect of economic theories, they launched a hostile takeover the Psychology department, renamed it to “Behavioral Finance/Economic” and published zillion book to explain why people do thing they do. Yet still, they have not been able to give a good answer to that question.
For those who want to know more about the subprime crisis, I wrote about it here.
Continue a bit more with my digression into politics. Recently, I have adopted a new principle. That is, if Hollywood be for it, I be against it. Before you liberal readers go crazy on the improper grammar, it is meant to be read in the Shakespeare sense, or perhaps more accurately in the biblical sense. Matt Damon, Cameron Diaz, George Clooney,…etc. those Hollywood’s liberals can’t be satisfied with being uber rich, adored and above the average American life. They have the monopoly on awards show, movies, television, and all other culture influences and they never pass an opportunity to convince us that they have something worth listening to. The problem with the Hollywood-Club is they believe their reality is reality. Bottom line is, what exactly, beside celebrity status, qualifies Matt Damon to get an audience of millions to slam Sarah Palin? What makes his opinion more valid than mine, my friends, or … for that matter, my snake pet?
OK, serious question. What do you write in a birthday card to someone who got cancer?
For better or worse, no comics today, only breasts.
-k
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