Monday, October 20
Abnormal Characters, end of day, Monday, October 20.
Vanguard puts up a chart that answers the question: "[October] has a reputation for spooking the market -- but is that reputation deserved?"
The Anti-Defamation League highlights the anti-Semitic bits of Malaysian Prime Minister Muhammad Mahathir's recent speech.
Mahathir is obviously a moron... I've read a lot of things that make me think he's a little nuts too.
"...today the Jews rule this world by proxy. They get others to fight and die for them."
"They invented and successfully promoted Socialism, Communism, human rights and democracy so that persecuting them would appear
to be wrong, so they may enjoy equal rights with others. With these they have now gained control of the most powerful countries
and they, this tiny community, have become a world power."
"George Gilder once had 110,000 subscribers to his technology-oriented newsletters. Now, after the bubble, he has 8,500."
92% drop in the number of subscribers correlates pretty well with the collapse of the North American Telecom Index, which fell
about 82% in the bust.
-- via Om Malik --
Out for a walk yesterday we happened to go past David Blaine in his glass box. We didn't know it was Day 44 and he would be coming down soon.
He looked pretty cheerful, smiling and waving to the crowd. LLP said he was probably getting water spiked with all kinds of vitamins and
minerals, etc. There was no other way he'd look that good after 44 days of starvation.
I asked her how long she would last in the box and she said, "Maybe 44 hours." I think I'd last about 44 minutes if I
didn't have anything to read.
Paul Kasriel draws some supply-demand diagrams to explain why the Federal Reserve is unnecessary.
"Because of the 'complexity of a world economy whose underlying linkages appear to be in a continual state of flux,' a discretionary
monetary policy guarantees inferior economic outcomes compared to a rules-based monetary policy."
Countertrend players are looking for a break below last week's low in the stock indexes.
For some reason my sister brought along our last issue of Chicago magazine. I regretted subscribing to that magazine since
it was usually filled with shallow and lame articles, and the only interesting thing about it was that each issue had at least one dozen ad
pages devoted to cosmetic surgeons (tells you something about the magazine's target audience, no?).
Anyway I was surprised while flipping through it to see no less than four ads for different Asian furniture/accessory stores. Is
Chinese furniture the "in" thing?
A lot of Chinese furniture is junk, but it is possible to have very fine reproductions made in China for next to nothing if you
know where to go, how to negotiate, etc. I can imagine the markups on most things are insane... what costs $60 to make in China is
probably sold for $1800 in America.
My sister is visiting us this week so my blogability is going to drop down to nothing. I hope to be able to post screenshots
of the abnormal characters at least.
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