Late Night Idle Talk


     I am hanging out, relaxing after a night of eating too much turkey and mashed potatoes and cake and pie and all sorts of goodies that are truly not at all healthy, and loving it.  Right now, a scant few hours after the carnage, I’m sitting in a fairly well darkened room, lit only with the light of computer screens and Christmas lights, the sounds of a computer game being played by my wife occasionally going “DING” in the background, with “Good king wenceslas” being sung by the Hereford Cathedral choir playing from my old computer speakers.  I can faintly smell the downstairs neighbors smoking, and can just make out the aroma of the leftover turkey that I brought back from my mothers house, after the annual Thanksgiving pilgrimage 2 miles north to mom and dad’s place for some festive noms.

     The thing I take from this day is a feeling of peace and happiness that I often get from these family get-togethers.  We are a close knit bunch, and have been since I can remember.  Times change, people change, but family is always family, being with them is being in a safe haven in a turbulent world, in a place to forget that the world is a weight on everyone’s shoulders, even if only for a few hours. 

   Joy to the World.  Life is good.

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     Life is good, and yet, there be turbulence on the horizon.  Apparently Dubai, a tiny oil rich nation on the Arabian peninsula, which has more recently come to depend on real estate, construction and it’s financial sector as well as oil, is flat broke. I mean stone flat broke.  The nations main investment company is seeking to delay payment on $59,000,000,000 in debt.  The fear is that Dubai may have to default, and it has a great many people rattled. 

     The yen, the dollar, and markets around the world have reacted negatively to this.  For a while today (it’s past 3pm  in Tokyo as of this writing at 1:16am in New York) the dollar fell to a 14 year low before recovering somewhat.  The Hang seng is down 3½%,  the Nikkei is down 3¼%, as are the DAX and the FTSE futures. 

    A light trading day is usually what you expect to see on a half day like there is going to be today.  Even if there is a light day though, the market is probably going to tank.  The DJIA futures market, which i started looking at about an hour and a half ago, has lost about 70 points in that time. Not bad, but the market when I started looking at it, was already down over 180 points.  It is right now down about 2.5%.  Both S&P and  Nasdaq futures are down over 3%.  

     Market correction or global recovery losing traction? It took the fall of 2 financial giants, and the near sinking of AIG fed by bad mortgages and speculation to cause a disaster last year.  What will the near collapse of a wealthy nation due to billions in debt, (when there are nations{ahem} with trillions in debt) which in turn is causing people to run from riskier assets and causing jitters over worldwide credit do? 

    Just call my name, cause I’ll hear you scream….

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     MASTER.  MASTER.

    The music and the mood have changed quite a bit.  Gone is the mellow christmasy music, the METAL is flowing and it feels good.  Lots of metallica and Ozzy/Sabbath.  But that is only fitting i guess, reading the financial news when it’s bad gets the juices flowing a bit.  But I’m done with that for now, and I’m thinking I’ll just finish listening to “After Forever” and then toss on some more relaxed fair.  Tis almost 2 am. Calmness, Herr Rhino, no need to mosh right now.

     Ahhhhhh, a bit of Heitor Villa-Lobos.  Kinda thing that makes me grab the guitar and look at it and ask “what am I doing wrong, why can’t I play like that?”

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That’s it from here.  Later!

Today’s Nuggets, via Wikiquote: You know how I define the economic and social classes in this country? The upper class keeps all of the money, pays none of the taxes. The middle class pays all of the taxes, does all of the work. The poor are there… just to scare the shit out of the middle class. Keep ’em showing up at those jobs.  George Carlin

Thanksgiving is not an anachronism whose time is past. It is much more than a holiday to celebrate a meal shared between the Pilgrims and Native Americans. It is a time to reflect and be thankful for what we have–not for what we cherish, desire or envy.   Ted Nugent

I know of nothing more despicable and pathetic than a man who devotes all the hours of the waking day to the making of money for money’s sake.  John D. Rockefeller

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