SOTD: Four Tet - Parks

Here's the Real China for Ya!

Warning: Extremely disturbing pics of what our wonderful trading partner and leading provider of poisonous consumer goods does to protesters in Tibet. I can't wait for the Olympics.

Courtesy of the excellent Wikileaks.

SOTD: Smith - Baby It's You

SOTD: April March - Chick Habit

SOTD: Bobby Womack - California Dreaming and Across 110th Street

Here's How To Fix Things

Here's the most succinct, intelligent solution I've seen to our current problems...from Mish...

What To Do About The Liquidity Trap

Here's what to do about the liquidity trap: Nothing. The concept of liquidity traps is imaginary. Home prices are too high, they need to correct. There are too many houses and stores so we should not encourage more building. Savings should be encouraged, not discouraged. Overcapacity needs to be worked off not fueled. Bankruptcies are part of the solution not part of the problem.

The real trap is doing something as opposed to nothing. Quantitative Easing and ZIRP [zero interest rate policy] did not help Japan and they will not help the US either.

The central bank simply cannot force additional credit down the throats of prospective borrowers, nor should it try. Attempts to do so will only prolong the agony while punishing innocent savers, especially those on fixed incomes.

SOTD: Soulive - Never Know (live)

Jim Cramer, Still an Idiot

Cramer back in June 2007:

Buy Bear Stearns (BSC - Cramer's Take - Stockpickr) despite all the toxic hedge fund handwringing, Jim Cramer said Friday on CNBC's "Stop Trading!" segment.

Of course, Bear closed at $142.47 the day he wrote that. JP Morgan is now gonna buy it a little cheaper - 2 bucks.

He liked Bear a week ago too.

SOTD: Alpha - Elvis

SOTD: Black Lab - Ghost in Your Mind

SOTD: Goldfrapp - Forever

Soundgarden - Blow Up The Outside World

Jim Cramer on Annaly Mortgage

February 6, 2008 show...Jim has Annaly CEO on and touts NLY at around 21...

"...it's a Cramer fave...I don't mind saying it...I'm proud of it actually...I've liked since the beginning of the show Annaly Mortgage...Annaly is the stock that is practically tailor-made for this environment of lower rates....Annaly is THE rate cut play."

Well, it would've been a good short.

It's at 15.35 now, a nice 25% haircut in just one month.

Heckuva job Jim!

Boo-ya!

SOTD: Marion - Singalong Tammy

SOTD: Marc Bolan and T Rex - Jeepster

SOTD: Funki Porcini - Purrfect