Can't seem to shake this damn code id by hed. I'm missing the inaugural night of Hi/Lo at the Molly Brown tonight, spread for the first time there at my request. Uggh.

I'll get a proper post up for y'all to read tomorrow -- probably even with photos. Wow, aren't you glad you keep checking in?

Rah Rah, Sis Boom [Crash]

My shiny new IBM T-41 laptop has gone on the fritz after only four solid years of hard usage, for business and pleasure, in dozens of cities and at least three continents (does the Sinai count in Africa or Asia?). So I'm cleaning up the backed up files for transfer to my new desktop 'puter (since I'm planning on being a bit more of a shut-in over the next coupla years), and I ran across this excerpt from something I wrote in Jan '07:

Kudlow should be more careful in how he argues. His relentless cheerleading for higher stock prices could be damaging to his credibility despite the fact that he’s been clearly, relentlessly right over the last three months. My main beef with his commentary is that he trots out every up-day in the markets as illustrative proof of conservative triumph. That’s been a wonderful if facile argument while the bull run has continued, but what will it mean when the market corrects?

Notice I didn’t say “if” the market corrects. The market (as measured by the S&P 500) hasn’t gone down 10% in more than three years. That’s a record low in volatility, but it won’t continue forever. There are many, many warning signs of trouble—the huge decline in the dollar’s value, the collapse in copper prices, and the almost criminal understatement of new house purchase cancellations. Even if the world economy successfully avoids any major difficulties over the next few years, it doesn’t take an anti-free-market ideologist to see that it’s at least possible that growth and profitability will slow considerably from today’s very high rates. Even in Kudlow’s rosiest view of current economic conditions, the business cycle of growth-recession-recovery will continue to exist and above-average corporate earnings will eventually moderate.

So when the inevitable slowdown occurs, what will that say about Kudlow’s ideas? Will the free-market suddenly be proved wrong? Will Marx and Krugman finally be proven right that capitalism is doomed, doomed, doomed? By Kudlow’s current logic, it’s hard to make an argument against it.

Predictions were not too bad, considering. But it's funny to see what has happened with Kudlow's "THE GREATEST STORY NEVER TOLD" meme since he endlessly trotted it out after each up day in the market. Now he writes like he expected a recession and drools on about how the Fed needs to provide more liquidity, never once offering the slightest explanation for why he was so blinded by ideology that he shrugged off all the warning signs until it was way too late. The irritating thing is that, with his big brain all covered in Ivy, he should know better.

I see this in finance all the time: whenever you're right it's because you're a genius, but when you're wrong it's because markets are 'acting irrationally.' Whatever, dude. How many of your readers lost money because they bought into your rosy, overly politicized rationalizations? In markets, unlike punditry, you don't get paid to be ideological. You get paid to make people money, or at least, to not lose it for them.

Oh, and by the way, Larry? NOBODY knows why markets go up or down on any given day. All your blather about politics, monetary policy, blah blah, is just rationalization. Read the Enquirer, like Victor Niederhoffer, and you'll know just as much as you would by watching the MoneyHoney on CNBC.

UPDATE: ROTFLMAO - Looks like the bear ate Goldilocks!

Paging Professor Bernardo de la Paz

Even though I've sworn off party politics as a waste of time and energy, I have to say that the Nevada Republican Convention sounds like it would've been a lot of fun!


Let them eat dirt cakes

Mark Steyn lights up some impressive pyrotechnics in this piece on the food shortages created from the biofuel sacrament. It astonishes me to no end how the do-gooders still can't understand basic mechanics of economics like supply/demand.

Got a bad cold today. No sleep. Grump.

Book Meme

OK, tagged by Roberta X.

  1. Pick up the nearest book of 123 pages or more. No cheating!
  2. Find page 123.
  3. Find the first five sentences.
  4. Post the next three sentences.
  5. Tag five people.
From Doyle Brunson's Super System:

"Other folks have all the luck. This guy sits down, gets eleven straight Pat hands and leaves the table!" 1,686,574,119,000,000,000,000 to 1.

Sorry my head's too big

Fred pokes interesting and funny funs at some of the blithe conjectures of the Darwinian camp. I don't know with anything like scientific certainty, but I would suggest that some of the issues related to differences in human populations come about more as a result of the Founder's Effect than from adaptation. In Seven Daughters of Eve, Brian Sykes writes about this a little bit. But Steve Sailer's blog is a great resource on teh IntarW3bs for more on human diversity if'n you're interested.

Now if you'll excuse me, I'll go back to throwing tires on my Earth Day bonfire.

April 19, 1775


Today in the CounterClckWise house, it's 4th of July, Thanksgiving, and New Year's all rolled into one. One of the great blows for human freedom was struck on this day when patriots gathered on Lexington Green to fight against gun-grabbin' tyranny. In a great American version of "Molon Labe," militia Captain John Parker told his men:

Stand your ground
Don't fire unless fired upon
But if they mean to have a war
Let it begin here

Truly a proud day to be an American extremist clinging to my guns. See y'all at the range or for BBQ after!

Lady Luck

Can be a real grumpy bitch sometimes. Damn the 3-out hand!

UPDATE: She was just a little moody. She finally gave me the sugar --I took a first place today!


This is some amazing work:

Check out his print gallery in the link!

my Kung Fu is better than ... well maybe not

Damn -- I bought the DVD last week, and this guy is kicking my ass!

that's a deal breaker!

After the big move to Vegas later this year, I was planning on taking some courses at Front Sight despite the heavy overselling on the Web site. Glad I found out about this first -- if Front Sight is this sloppy in their ethics, then I have to wonder how sloppy they are in their training.

I have trouble visualizing this


Lost in Translation

Marko points out that Hollywood has a talent for turning great books into bad movies. As counterexamples he points to To Kill A Mockingbird, Blade Runner, the Shawshank Redemption, and Lord of the Rings.

A movie that is as good as or better than the book/story it was based on is a rare thing, indeed. For my two cents, I'd add Mother Night and Fight Club, simply because they were lucky enough to be based on books that translated to the screen well.

But there have actually been a few movies that were better stories than their written versions, with The Last of the Mohicans serving as a good example. I doubt James Fenimore Cooper had an audience with my sensibilities in mind when he wrote the book, but even if you scratch out the two centuries of cultural change the book was a pretty mediocre read. The best thing the script writer did was get rid of the damn psalmist, and then move the love story to the main characters.

I know that Blade Runner is something of a canon work amongst my peers, but it has so little to do with the story upon which it was supposedly based that I don't think it fits in this category at all.

In my opinion, the winner for the worst book-to-movie translation has to be Even Cowgirls Get the Blues. Any other nominees?

Wow -- who new?


I believe that this relationship is statistically significant.

Dammit! part 1

We interrupt this non-blogging to pointch'all to this little ditty. The direct election of senators has been one of my main bitches for at least a decade (back me up here, Jeff!), but even in that time I doubt I could've come up with a better way to 'splain it than Professor Tam of the Knoxville School.

First Post

Since I've been bugging youse with links and commentary via email for so long, I figured that it was time to ditch the '90s distribution model and let it all hang out here on teh IntarW3bs. Now, rather than having my fascinating, erudite ideas delivered to your email box in random, unbidden spurts, I'll just post them here and leave it up to y'all to read or not.

The plan is to start blogging on April 19th, but I set the damn thing up early for administrative purposes -- so g'way and come back later!