The World Around Us

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Spamenfreude

This news feels too good to be true, and yet it is. McColo Corp., in San Jose, California, is a Web hosting service that had been identified by those savvy folks in the know as a bearer of bad things for some time now . These same sav-sters conducted their own studies and determined [...]

20Nov2008 | John | Comments Off | Continued
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Fantasy Football: Weeks 8-11 Aftermath

Yeeeeaaah, so I have a lot of catching up to do, so let’s get to it.

Prior to week 8, I had offered up a couple of trade that would have upgraded a couple of my opponents but would have upgraded me even more over the multiple trades; in other words, I make 2 opponents ~5 [...]

19Nov2008 | John | Comments Off | Continued
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The Aerion Business Jet

I’m tired of Doom and Gloom posts, and thought it was time to post something that makes me happy.

27Oct2008 | Ray | Comments Off | Continued
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Credit Default Swaps: Another Part of the Puzzle

Something I have not spoken about, because I considered it tangential to the root cause of the current problems with the financial system , is the role of Credit Default Swaps. Although the real problem is that people essentially counterfeited money, credit default swaps were sometimes used as part of this process.
A credit default swap [...]

5Oct2008 | Ray | Comments Off | Continued
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The Economy. Where we are, why we’re here, and the future. (PART 3)

Continued from Part 2
So whatever happens, we’re going to hurt a lot?
Yes. It’s going to hurt. A deflationary crash would be quick, and extreme. People who watch too many Hollywood movies think this means blood in the streets, but it really just means a lot of hard working people will be on the streets trying [...]

2Oct2008 | Ray | Comments Off | Continued
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The Economy. Where we are, why we’re here, and the future. (PART 2)

Continued from Part 1
Please explain your three possible futures.
In a deflationary crash, a portion of the money within an economy disappears. This means that money becomes scarce. This means that what money there is becomes very valuable. Because the money looks valuable, everything else looks cheap. That is, prices tend to go down, and people [...]

2Oct2008 | Ray | Comments Off | Continued
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The Economy. Where we are, why we’re here, and the future. (PART 1)

Where are we, why are we here, and what will happen? This post is my attempt to answers these questions as simply as I can. I have broken this post into three parts for ease of presentation.
This post will link to several other posts that will expand on a point. I will add links as [...]

2Oct2008 | Ray | Comments Off | Continued