February 14, 2007
From the desk of Jane Galt:Oh, gosh. A few emails indicate that the impression I gave with the last post is that I am sitting at home in front of the Lifetime Network, breaking into the cooking sherry and the Mallowmars while mourning my lost loves. I am not sad about Valentine's Day. Not mourning lost loves. And I hate Mallowmars. If you want to feel sorry for me, thinking of me trying to say something brilliant and original about Ben Bernanke's testimony today.
However, I think you should know that Valentine's Day apparently abets child slavery, as one reader thoughtfully pointed out.
Posted by Jane Galt at February 14, 2007 5:26 PM | TrackBack | Technorati inbound linksFor the sin of debating Global warming on Valentine's day check out George Carlin's take on it
Bernanke gloating -- subtly -- about the soft landing, Bernanke growing as communicator, Bernanke now trusted by Wall Street after rocky start, I would think those are the obvious angles...whether he really means the remarks about the trade deficit is a big question, or whether they are "bones thrown to public and Congressional opinion..."
Bernanke threw a nice big steak to the markets today, and quite a few stocks floated up, even the housing stocks. It will be interesting to see how long the euphoria lasts.
I remember Goldilocks, the original version...
> It will be interesting to see how long
> the euphoria lasts.
I hope it is already over. Friday's the expiration day and just loooooook what happened to all the major indices today! Some of us are NOT long stock...
...Max... (...great name, btw...) expiration week is often a little pumped OP!, as I'm sure you know.
Reading a little more of Bernanke's comments, I'm struck by how unworried he is about the explosion in liquidity, both in the US and globally. He's just not worried about it, publicly anyway. M2 popped up in December over 5% YOY, and the official reaction is a polite yawn? The spread between AAA and junk is down to some dinky number like 2%, and it's no big deal? Housing is still sliding (although Jane doesn't seem to notice it) and it's just a big shrug?
I think I'll buy some VIX calls for, oh, November...
That is why I insist that all my chocolate come from free range cocoa.
Wait, wait, the full import of what Jane wrote has just sunk in...someone still manufactures Mallomars? I'm astounded, it's like someone finding an extinct species of Jurassic fish in the East river...
I second the VIX calls, but Bernanke seems pretty happy with the current interest rates. It will take a big event for him to change them I think...
Bernanke seems pretty happy with the current interest rates. It will take a big event for him to change them I think...
Definitely this is the case. The question is, what's that event going to look like.
...sitting at home in front of the Lifetime Network, breaking into the cooking sherry and the Mallowmars while mourning my lost loves. I am not sad about Valentine's Day. Not mourning lost loves. And I hate Mallowmars....
I notice you omitted any denial that you are casually abusing of the cooking sherry. Unless you've got the sort of chemical constitution normally associated with large livestock, I would recommend seriously contemplating the second ingredient of that stuff before pouring another glass.
A-M:
What's wrong with cooking sherry? I mean, I know it's not good for anything, but is there something special in there?
On Valentine's Day your boyfriend should:
1. Buy you an X-box
2. Get Halo II
3. Spend the day with you cooperatively blowing up aliens!
A romantic, exciting, and unique way to spend Valentine's Day!
(Of course, maybe that's just me....)
What's wrong with cooking sherry? I mean, I know it's not good for anything, but is there something special in there?
Only about a cubic yard of salt :-) Likewise for all cooking wines, I believe it's required in order to avoid having the sale regulated by liquor laws.
"Only about a cubic yard of salt :-) Likewise for all cooking wines, I believe it's required in order to avoid having the sale regulated by liquor laws."
We just use a cheap, medium dry sherry. Something we wouldn't normally serve, although if I was by by myself in the kitchen on Valentine's day...
At rhe risk of showing my age and my region, what's a Mallomar? Is is a cousin of a MoonPie?
Gosh, you're not just a disembodied intellect!
P.S. for Valentine's Day, we had White Port before dinner instead of Sherry, and Pedro Ximenes sherry after dinner instead of Port. Daring, eh?
Only single women drink cooking sherry. Married women go for the vanilla extract.
Well, since the TIC and production numbers are not so good and Bernanke's latest bounce has run into headwinds, maybe we should all discuss Jane's issue with Valentine's Day, only in the broader context of patriarchy, oppression and the importance of the Vagina Monologues to modern women?
Or maybe not...
Or if you are in the mood for an alternative form of depression, you can go read about how child slavery and cocoa are linked, how flowers for Valentine's Day are almost surely saturated with pesticides and diamonds are forever involved in war at this website.
Huh. My link went bye-bye. Oh, well, here it is in non-clickable, cut 'n paste, form instead.
http://www.democracynow.org/article.pl?sid=07/02/14/1646235
discuss...the importance of the Vagina Monologues to modern women?
Ok...it's not important. None of that other stuff is either, if you have an actual life as opposed to a theoretical future life (i.e., you're a college student).
Re: Valentine's day gifts, my biggest triumph was a copy of Tom Clancy's Debt of Honor, delivered to a mother of a 3-week old. See, it was the only gap in our collection, and she didn't have anything else to do while nursing. Frankly, I doubt I'll ever do that well again.
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