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Screwball

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Posts posted by Screwball

  1. 33 minutes ago, gehringer_2 said:

    Interesting stuff about Warsh wanting to unwind QT (reducing the Fed bond balance). Under Powell the Fed both ran up and then reduced the asset balance some recently, but the big run up from the QE during the pandemic is still on the books along with most of the run-up after the Bush crash - almost$6.5 trillion  in total.  Warsh could have the Fed give the appearance of being dovish on the discount rate, while a major bond sales program going at the same time could actually be contracting the money supply and driving interest rates everywhere but the Fed discount window up. I bet the banksters would love that because it would set them up for nice carry trade profits as they are the only ones the low Fed discount rate is available to.

    fredgraph.thumb.png.01c007d1b9400c377291389fdf722afa.png

    I think what people need to understand is this really isn't different than it's ever been. This is a swamp creature bankster that any administration could have picked because he is an already a vetted and approved bankster, for the banksters, and picked by the banksters, because the banksters run this stuff anyway.

    The rest is all BS.

    People have short memories. The GFC of 2008/2009. Who do they pick to fix it? Timothy "weasel ****" Geither, Larry Summers, and a few more financial ghouls. Then Ben Bernanke and Janet Yellon, more swamp creatures. The fix was in on day one, and only got worse from there. The biggest transfer of wealth from the poor to the rich in history. Bailed out the banksters to the tune of trillions. Giddy ****in up.

    And you think these wankin' ****in' banksters don't know how the fraud and corruption gets financed and moved? I'm guessing they do, cause it all has a paper trail. There are no ****ing laws and haven't been for a long time. It's a big club and we ain't in it.

    The beatings will continue until morale is improved. 

    • Like 1
  2. 2 hours ago, Tiger337 said:

    I remember when bowling was popular in the 70s.  I didn't play enough to get good at it, but it was fun to go once in a while, ugly uncomfortable shoe rentals and all!.  There used to be two alleys in town  - one really big one which everybody went to and another tiny one that looked like somebody's basement.  The big alley is long gone.  The five-lane basement alley is still there - almost 100 years old.  

    As I said, I worked in a bowling alley. 13 years, a second job. I started a month after I turned 21 as a bartender, but late I moved out to the counter and took care of the lanes.

    Rental shoes...Oh boy. We rented shoes, you have to. We had hundreds of shoes behind the counter of different sizes, both men and women. They would pay so much for shoe rental, use them, then return them. That's where the can of spray came in. Disinfectant to spray in the shoes after use. That was probably the worse part of the job. 

    It was also some of the most entertaining jobs I ever had in my life. I could write a book.

    • Like 1
    • Thanks 1
  3. 1 hour ago, IdahoBert said:

    You bowled against Earl Anthony? The Earl Anthony? Even I know about him. That’s some impressive stuff, man.

    Not exactly against him, but three other pros. He was on another lane. It was a pro-am. Cost maybe 100 bucks to get in. You didn't have to be any good. You got to bowl three games on one pair of alley's and the pros move after each game, so you got to bowl with/against 3 of them. It was a neat deal. They were just practicing for the tournament that started the next day. Earl wasn't too far from me, so I was on the lanes at the same time, but didn't bowl against him.

    Some of these guys traveled the country all year, and did this every week. They had motor homes they traveled and lived in. They even had their own ball drilling machine so they could drill the balls they way they wanted for the house they might have to bowl in that week. Ball drilling is wild stuff. 

  4. 31 minutes ago, CMRivdogs said:

    Meanwhile my soon to be 14 year old grandson loves the sport. I'm not sure his school has a team, but he's found some sort of league in Livonia where he rolls on a fairly regular basis.

    This is after trying baseball, soccer, football, basketball and discovering he has his parents and grandparents sports genes

    They have high school teams around here too. That was a big deal and the kids loved it. Just not too many choices to where to go anymore.

    • Like 1
  5. Warsh has already been on the FOMC, and that voting committee are the ones setting rates. I don't see this guy as someone radical. Just another typical slimy bankster type that went to all the right schools and swam in the swamp of corruption known as the US banking system which qualifies him for one being the head ****.

  6. 1 hour ago, chasfh said:

    Have you seen bowling on TV lately? Now it seems all the pros are wearing flashy colors—the more the better—and talking trash to opponents. PBA is trying to attract a certain type that likes watching that kind of thing.

    No, I haven't watched in years. Lost interest. I do follow some bowling stuff on FB. The scores they shoot today is nuts. There are people out there averaging 230 that wouldn't average 180 back in the days of Earl Anthony, **** Weber (he was at our town for bowling alley opening in 1977).

    The sport started dying years ago. For example, our little town had 3 alleys at one time. 2 with 24 alley's and one with 4. The one with 4 is in the basement of a K of C hall. It is the only one left. The others closed in 1985ish, and the other in 2016. You could see them competing for bowlers years ago when the newest 24 lane alley opened. Scores and averages went up. People went where they could score the best. I worked in the oldest one and it was quite a thing to watch. The owners hated each other but their kids were buddies.

    It was great fun for a lot of people over the years. They were full 7 days a week at on time. The bar was also a happening place over the years. Bowling alleys were also the place for drinking and smoking. Cigars were a thing back then. We had a big case of them to choose from. When the smoking laws changed, and of course the local cops cracking down on DD, that was the beginning of the end for some.

    I can imagine the sport today is doing everything they can to promote the sport given it's not so popular anymore, including looking like NASCAR drivers and putting on a show between the competitors. 

    I found my old bowling ball in the basement a few years ago. 16lb ball. I have no idea how I could have ever thrown that thing as I can't hardly pick it up now. 😞

  7. 32 minutes ago, Tiger337 said:

    My father and I went to Lakeland for Spring training several times.  It's something every tiger should experience at least once if they get the chance.  You are right about the traffic  Getting from the airport to Lakeland is not fun, but I love the park (and especially the back fields) and love the warm weather after a cold winter.   

    We flew in to Tampa, stayed in Clearwater Beach, went to Lakeland on a weekday. Rt. 4 I think it was. Should have been a little over an hour trip in good conditions. Took about hour 15 going there. Game at 1. Must have hit work traffic going home, plus a wreck somewhere so the maps re-routed us. 3 hours to get back. Not fun.

    It is a really nice park. We were maybe 10 rows up between home plate and the 3rd base dugout. I could see the guys with radar guns behind the plate. It was late March. We were lucky with the weather, they said the week before wasn't good. 

    If you are a Tiger fan, a must do.

    • Like 2
  8. And if Lloyd Blankfein thinks this is a good pick, it probably is for him, but not us. But then again..

    Thank you professor Blankfein.

  9. 2 minutes ago, Deleterious said:

    If you had shown me that chart without text I would have guessed it was a crypto chart.

    There are more than a few that look like that. I've been watching these markets for a long time. Moves like this are not normal. The old guy Art Cashin who worked for some big British bank as head floor trader, and did CNBC everyday during the dot-com bubble (he was a treat), can't remember the name, said they went in there everyday for years waiting on it to blow up. It eventually did. Same in 08/09. 

    Before it blows you can see the rivets popping, the steam leaking out, and the various rattles and shakes here and there.

    This isn't normal.

    🙂

  10. I wanted to respond to this one, and had something typed up - then thought better of it. I can't stand Weisnthal who who should be sitting on a shelf at Home Depot in the tool department, but he's retweeting Lloyd "fricken" Blankfein. Really? This is Krugman level suck up and horse****. This was re-tweeted by Weisnthal idiot.

    Do you not remember who the **** Lloyd Blankfien is? Where is Rod Sterling?

  11. We are not far away. I gave up on baseball. They brought me back a couple of years ago when they went nuts in the second half. Then I found out about Skubal. As an old pitching fan kind of guy, I loved to watch him work. What a treat. So I'm kind of hooked again.

    I did the bucket list thing in 2019 and went to Lakeland for a ST game. Booked them the first day - great seats - great trip. Would have liked to see of the old picture in the clubhouse with a cleat mark in it was still there. Shoe thrown by Mr. Leyland. He was my guy.

    I'm still here so they have a chance to win one more before I'm in a urinal. 

    Florida traffic sucks. 

     

  12. 35 minutes ago, gehringer_2 said:

    Make it 3 Stone.' Seems only right to give the weight of a curling rock in 'stone.'  

    And who is this 'Harris'? Haven't seen nor heard from anyone of that name.

    Yes, stone, my mistake. Not sure about the Harris thing. I might have confused myself.

  13. I only want to say this, and I will say no more. I don't know how much of this stuff is true, and nothing would surprise me. I have read about this Epstein stuff for years, for the record. 

    If this takes down Trump, and if he is guilty, I hope it does. But don't stop there. There are a whole bunch of other sick ****s who were also a part of all this. They ALL need to pay the price.

    Nothing less is acceptable. I have a daughter. Nuff said. And probably better off not said.

    • Like 1
  14. For some reason I think a curling rock weighs around 40 pounds. I don't know how I know that. Looks like fun.

    After bowling night was over, we used to go to another bar and play shuffleboard. Probably a 20ft table. Threw sawdust on the top and threw little metal pucks. Another sport. 🙂

    It was all just an excuse to drink beer. 🙂

    Sorry for the distraction.

  15. Piling on; Note this is an ETF (exchange traded fund). Not the same as owning an underlying stock or asset. All ETFs have shrinkage.

     

  16. 2 hours ago, Deleterious said:

    Always love a chance to post this and today seems fitting.

     

    Perfect. And it's not like we haven't seen this before... Even us keyboard warriors saw this coming.

  17. 1 hour ago, NorthWoods said:

    Absolutely.   He was a true legend.   40 years ago I used to bowl 3 leagues a week and weekend tournaments.   Earl Anthony and **** Weber Sr were my heroes.   

    I don't remember the year, sometime in the late 70s. I bowled in a pro-am at Imperial Lanes in Toledo, Ohio. You bowled 3 games and a different pro would bowl against you each game. Earl was there, and probably **** too. The big tournament started like on Thursday and would be televised on Saturday. Big stuff. We were before that started.

    I was lucky, one guy I didn't know, and the other two were **** Ritger and Dave Davis. Davis was a tall lefty. He shot about 190 on the lane I was on. The next game he moved one pair to the right, made an adjustment, and tossed a 279. Dude had a big ball, and natural like most lefties did. Earl was a machine. So smooth. Made it look easy. It's not.

    Those guys bowled hundreds of game a week. Saturday afternoon was about watching the tournament that week. Great stuff. Now a dying and soon to be dead sport. 

  18. Silver is butt ugly. It has recovered a bit this afternoon, but what a sell-off (3 month chart by day);

    silver130.thumb.JPG.c376df9d807688bdbb1f24884fa90169.JPG

    Today by minute;

    silver130_2.thumb.JPG.b79b319b6f6b795a4197bb8021e33554.JPG

  19. The selling started last night. Today the entire market is down. I read a bunch of different takes on why, but they are all over the place. Option expiration might be as good of a reason as any, but these are the metals so there is the paper vs. physical thing, and the different exchanges they trade on. Also, the dollar index is up which trades inverse to gold & silver.

    • Like 1
  20. Warsh has been on the FOMC so an expected pick in a way. I would have bet on the other guy who's more of a dove and voted to lower rates. So this is kind of a surprise, but a pick just about any President could have made. 

    Gold and Silver slammed today. Not sure why. 

  21. 4 hours ago, Deleterious said:

      

    4 hours ago, Deleterious said:

    Disclosure; That article is behind a paywall for me.

    This is a "market" thing. When the value of the dollar (against another currency) goes down, the "purchasing power" of our money is less. Market 101. The dollar index they are talking about is the value of the US dollar against a basket of other currencies so it is going down against many.

    Depending on what flavor of economic/fiscal theory you buy into, this comes into play. In this case, a cheaper dollar is good for US exports. On the other hand, it is bad for "our" consumer because our money doesn't go as far. 

    When TPTB decided globalization was a good thing and took advantage of environmental and wage arbitrage through slave labor and 3rd world countries to exploit and dump waste, our goose was cooked. We went though the industrialization era of mass produced automobiles and other products - the hey day of American workers - to shipping our jobs and production all over the world. The giant sucking sound as Ross Perot said. I lived it, I watched it. I even helped it happen, and I hate that. But I had to eat.

    It's too late. All the jobs we lost are not coming back, and on top of that, any that can be replaced by a robot, will be. Even if they tried, it would take years. That's assuming the ****wads running this place actually give one good ****. But they don't.

    I don't know if they are all actually this economically illiterate, or just play the role on TV.

     

    • Like 1
  22. 3 hours ago, gehringer_2 said:

    They've also had a real fiasco with recent Windows updates. Not an issue revenue wise but leaves a lot the public re-considering their incompetence.

    Yes, there has been some updates that were not good. I redid a laptop to new drives and more memory recently and went to Win 11 at that time. Some of the updates killed settings I spent hours getting the way I wanted. Spit again!

  23. 3 hours ago, gehringer_2 said:

    Still down 11% last in the session.

    I have very mixed feelings about MSFT. They have been a terrible, terrible company through most of their history. They aren't as bad now, but are still a terrible SW house, so in a just world the market should have and should still be punishing them. The problem is that mostly via their past unscrupulous practices, we now are all pretty dependent on them sticking around to support the SW we've been forced to depend on.

    I went through the digital transition from the beginning. At first, I thought, wow, this is pretty cool - tech guy an all. Then spent years in IT, or IT adjacent, and learned first hand how ugly it can get.

    I tried to be the most safe, protected, unknown person in the digital world. I have now thrown in the towel. They know more about us than we do. Spit!

    You can't beat it.

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