SOTD 2: David Bowie - Survive Live 1999

SOTD: Smashing Pumpkins - Rocket

SOTD: Cracker - Happy Birthday

I was having a good sleep

in my car

In the, parking lot of the Showboat Casino hotel

I say, "I remember you you drive like a PTA mother"

You brought me draft beerin a plastic cup

I'm feeling thankful for the small things, today

I'm feeling thankful for the small things, today

Happy, Happy Birthday to me

Happy Birthday to me and to you

Happy, Happy Birthday to me

Happy Birthday to me and to you

I'm feeling thankful

for the small things, today

I'm feeling thankful

for the small things, today

I remember you

I crashed your wedding

With some, orange crepe paper

and some Halloween candy

Ah sometimes I wish I were Catholic

I don't know why

I guess I'm happy to see your face

at a time like this

Happy, Happy Birthday to me

Happy Birthday to me and to you

Happy, Happy Birthday to me

Happy Birthday to me and to you

Happy Birthday baby, to me

Happy Birthday, to me

Happy Birthday, to me

Happy Birthday, to me

SOTD: Kosheen - Damage

SOTD: Karin Clerq - La Sincère

SOTD: Terence Trent D' Arby - Sign Your Name

SOTD: Beck - Debra

SOTD: Prodigy - Breathe

Federal Reserve Throws U.S. Dollar Under Bus

Dollar bills are now only useful for lighting investment bankers' cigars.

The Federal Reserve is owned by the member banks...guess who the Federal Reserve will protect at all costs?

Say goodbye to the dollar and hello to $10-a-gallon milk!

This is the kind of stuff that is going to happen now:

Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East.

That is not good at all. It will lead to HIGHER US interest rates, which will take the wounded housing market and shoot it, in the face, with a shotgun.

Bernanke panicked, and now young Americans who missed it the first time can experience what it was like to have Jimmy Carter in the White House!

SOTD: Ms. John Soda - Hiding/Fading

Why John Kerry Should Not Be President

...because he's apparently lost the courage he must've had back in his Vietnam-era days (as opposed to Cheney and Bush, who never had courage to begin with).

Watch the entire video in this piece about a student tasered for asking some legitimate questions of Kerry.

Watch as Mr. Kerry chooses loyalty to Skull n Bones over the 1st Amendment.

Watch the Orlando Police do their best Gestapo imitation.

If Kerry represents the opposition party in America, we're really in trouble.

Miscellany

What's this? Rich people got stupid with their mortgages too? (thanks HousingBubbleBlog)

"I think a lot of wealthy people saw easy money and started thinking they were geniuses."

What's this? Las Vegas luxury homes aren't a good investment? What about Dallas? Surely Baja California is holding up? How about the "inland empire"?

At least commercial real estate is still booming, right? Right?

What's this? Krispy Kreme turns out to NOT be a great investment? Would a broker steer me wrong? Those Wall Street guys seem pretty smart, or at least CNBC says they are.

Otra vez: Would you like fries with that?

A comment from David Pearson on Calculated Risk today on the Enron, I mean Lehman, earnings sums up the quality of corporate reporting and analyst, um, analysis these days:

Please feel free to skip the Lehman conference call later today. Here's a complete summary of the Q&A:

Analyst: Did you mark all your assets to real market values?

CFO: Yep.

Analyst: Are you sure?

CFO: Yep.

Analyst: Oh, okay.

David Pearson

Two smart guys think the American Peso is in trouble.

Quote of the day:

"There may be a recession in stock prices, but not anything in the nature of a crash."- Irving Fisher, leading U.S. economist , New York Times, Sept. 5, 1929

Don't worry. Inflation is only confined to stuff like energy and food.

Wanna buy a boat? How 'bout a slightly used automobile?

Next bull market? Lawsuits.

Also apparently the Federal Reserve is supposed to cut rates or raise the dead or walk on water or something later today.

SOTD: Portishead - Roads (Roseland)

New album in the works.

SOTD: Tycho - Dictaphone's Lament

SOTD: Felix Da Housecat - Harlot

SOTD: Ben Harper - Lifeline

More Japanese Weirdness

Um. Huh?

SOTD 2: The Secret Machines - Sad and lonely

Market Crash Coming?

Interesting link from Citigroup.

"History doesn't repeat itself - at best it sometimes rhymes" - Mark Twain

Bin Laden Comes Out in Favor of a Flat Tax

He's also apparently more in touch with the problems of real people than the Administration, Congress, Big Business, Wall Street and Larry Kudlow (those groups are redundant).

Maybe Osama can work for Steve Forbes' campaign if Forbes ever runs for President again.

He [Bin Laden] also speaks to recent issues grabbing headlines in the United States, referring to "the reeling of many of you under the burden of interest-related debts, insane taxes and real estate mortgages; global warming and its woes..."

"To conclude," bin Laden says, "I invite you to embrace Islam." He goes on to say: "There are no taxes in Islam, but rather there is a limited Zakaat [alms] totaling 2.5 percent.”

So it's been six years now and this guy is still not vaporized. Huh?

In the 2008 budget we're spending over $700 million a year on "defense", and we still can't (or rather won't) get this S.O.B.

Once again, heckuva job Bush Administration!

SOTD: Revolution Smile - Bonethrower

synchronized headbanging

SOTD 3: Red House Painters - Summer Dress

wow

SOTD 2: Ulrich Schnauss - On My Own

SOTD: Arsenal - Longee

Belgian band.