Jeez. . .
Even the euro is about to become as valuable as monopoly money.
The European bailout “plan” is about $2.4 trillion Euros. . . yikes. And some of the banks have very liberal reserve requirements (read: none). I can just SMELL the inflation at this point.
I wonder when the dollar collapses (and it will. . .) if something comes and takes it place. IE, a unit of value that is created from the bottom up instead of the top down (read: the US government). If it does, good riddance, I’m tired of entities fucking with the currencies anyway.
Another interesting thing to look at is alternative financing. Check out prosper.
CNBC confirms Lehman CEO punched at gym: http://www.businessandmedia.org/printer/2008/20081006150152.aspx
Good, he gave a good one to the masses who took the brunt for this fuckup. It’s the damn Wall Street types of this world that created all this “derivative” bullshit. I don’t know about you guys, but my rule is “if I can’t understand what you’re selling me, I don’t want to buy it”. Sadly, you would think this is would be common sense, but many people actually don’t do this. I think when Lehman got liquidated, the whole derivatives thing eventually sold for 8 cents on the dollar or something insane like that.
But look at the bright side:
- Market fluctuations can be your friend! Especially when you look at it from a value-based investment perspective
- expect people to act irrationally now. We can profit off of this market folly instead of participating in it
- Yeah, there is panic selling going on now. But there will also be panic selling PRICES!
- bankruptcies are an economy’s way of flushing out the companies that deserve to be flushed (ie, companies that pay their CEOs $50 million to engage in shady accounting principles).
- You cannot tell me that in 5 or 10 years, we will all collectively be better off than we are now. Markets go in cycles, it’s inevitable. The rules of markets haven’t fundamentally changed.
Soon will be the time to invest and get rich!
If you bought $1000 of stock a year ago, you would now have:
- $91.28 if you bought Washington Mutual
- $37.50 if you bought Neomagic
- $21.29 if you bought Freddie Mac
- $20.79 if you bought Fannie Mae
But, if you had purchased $1,000 worth of beer one year ago, drank all the beer, then turned in the cans for the recycling REFUND. . . You would have $214.00 in cash. . .
So the best investment advice is to drink heavily and recycle!
slime under ubuntu 8.04.1 (Hardy Heron)
Seems I found another bug in getting slime to work under ubuntu. I couldn’t find the solution online, but I found out about it by just poking around:
When using slime under emacs, I got the following error: “Searching for program: no such file or directory, lisp”
The problem can be fixed in one of two ways:
1) ln -s /usr/bin/clisp /usr/bin/lisp
2) Add this to your .emacs file:
(setq inferior-lisp-program “sbcl”)
Evidently, SLIME is using the name “lisp” to invoke Lisp, when it should be using “sbcl”.
The error has been reported on the ubuntu forums, but I am putting it in my blog just in case people google search this problem. The ubuntu forums don’t index well on google.
This cat freaks me out. ha ha.
I took the metro yesterday and I just so happened to witness one of the machines rebooting. I don’t have a cell phone camera, but I took a glimpse long enough to see what was going on.
Seems that they’re using stock x86 clone machines. Pentium III 600 Mhz to be exact. I don’t know the amount of RAM. But get this, it runs Windows 2000.
This made me wonder:
a) are these things hooked up to the internet in any way?
b) if not, when was the last time these things were patched?
c) if someone were to somehow get on the internal network, would plain ‘ol run-of-the-mill-low-hanging-fruit “hacks” (and I use that term loosely. . .) actually work on these machines?
Pathetic. . .
Dude. . .
America’s economy is basically going into cardiac arrest mode now. And no, this $700 billion bailout ain’t gonna do shit. All it’s going to do is drive up inflation to insane levels. Dude, people are gonna lose their pensions overnight, and they’re not going to be too happy. I might shift some of my assets to gold at this point.