Recent comments by JP


That's why I don't understand people wanting to live to 100. In ill health with no money, most of your friends gone, family far away. Not what I want for a future.

The goal is not to add years at the end, so much as to add years in the middle.

But of course the PTB have everyone TERRIFIED of ill health and old age

And if you're not terrified by ill health or old age, then you don't understand what the future holds.

Rob Dawg wrote:

Likewise SM is experiencing the same lifecycle.

Great. Maybe the house prices will skyrocket a little less. (but I doubt it. Crying)

It helps that it's twice a week, and I'm doing it for the health not the bargain (SM farmers market is pretty much comparable to WF for most of my stuff).

I'm still running 15-25 mi/week so there's no such thing as food going bad around here.

Antipodes wrote:

Who can afford to eat out regularly?

Me. And I have about 100 restaurants within a quick walk.

But we go out not even once a month, usually involving guests when we do. I'd rather get food at the SM farmers market and eat simply in my kitchen.

Restaurant spending is discretionary, so even though this is "D-list" data,

D for Discretionary!

Antipodes wrote:

Thank goodness I'm not out in the middle of the tundra in Alaska.

I get itchy just thinking about it.
Really. Worst (and hungriest) mosquitos on earth.

Mike_PNW wrote:

..hopefully that will make a difference.

It's not a cost issue, so much as a distance-of-traversal issue. Even traveling at the speed of light out to a satellite and back is a longer time than the wired lines. So that directly affects the latency. It will never feel responsive because of that time-of-flight.

But if you're out in the middle of the tundra in Alaska, it's what you got.

Mike_PNW wrote:

f tiny satellites in low-orbit to bring high-speed Internet

High speed does not mean low-latency. Almost all of the satcom internet sucks pretty badly for any real use.

Greece asks for third European bailout hours before default deadline - The Washington Post

That's just sad. Might as well put a sign around your neck: "Hi I'm clueless and overplayed my hand."

ATT walking away from supplying Dsl...

I would too. DSL speeds are very dependent on the distance to the Central Office, and most of the low-hanging fruit has been wired up (MMI FTW)

Now the DSLAM volumes are not great, which means the costs are rising. Good luck twisting their arm, the Direct TV deal is about the only leverage anyone has.

burnside wrote:

Have these negotiations actually been about the rough patch?

They started with the rough patch, and then when that went no where the Greek delegation started proposing things that went well past. As Rajesh pointed out at the time: Because it is so much easier to negotiate big deals when you can't get even a small deal done.

Well thank god that the index is back to flat then.

Yes, a 5% swing in the morning. Facepalm

skk wrote:

Well yeah Syriza never borrowed it.

They should have totally used that angle in the negotiations.

Shakes Tiny Fist of Fury

Then, one day, a student who had been left to sweep up after a particularly unsuccessful party found himself reasoning in this way: If, he thought to himself, such a machine is a virtual impossibility, it must have finite improbability. So all I have to do in order to make one is to work out how exactly improbable it is, feed that figure into the finite improbability generator, give it a fresh cup of really hot tea... and turn it on!

He did this and was rather startled when he managed to create the long sought after golden Infinite Improbability generator. He was even more startled when just after he was awarded the Galactic Institute's Prize for Extreme Cleverness he was lynched by a rampaging mob of respectable physicists who had realized that one thing they couldn't stand was a smart-ass.

Speaking of which: I can't believe there's demand for this in Portland OR

skk wrote:

Now to teach her about great French cheeses.

There used to be 3 chocolatiers in Basel that people would argue about for hours as to which was best.

I charmed the people I was with into sampling, they charmed me into buying a beret and told me I looked good in it.
For the record, I look absolutely terrible in a beret.

China stocks extend rout as fears intensify - MarketWatch

The Chinese securities regulator issued a statement on its official microblogging account Monday night, urging investors to remain calm and assuring that the risks from the margin-financing business are under control.

Sounds like a pretty good time to start panicking, because clearly the risks from the margin-financing business are out of control.

Outsider wrote:

Do you have their phone number?

I'll give them a call right after Tsipras. Or maybe I should do that in the other order.

Mike_PNW wrote:

..still begs the question what did Greece do with the original $280 billion??

Ask Goldman, who helped hide the bad finances back when Greece was entering the Euro. (Their finances were already a mess at the point of entry.)

Mike_PNW wrote:

why would greece send the banks $280 billion??

Bond recapitalization.

Isn't this obvious? The large banks held the Greek sovereign debt. If the Greeks defaulted then, there would have been a systemic meltdown.

By paying off the old bonds (held by banks and their shareholders) and selling new bonds (to the EU gov't entities), a meltdown would affect the gov't coffers directly.

So rather than screw the banks, which would have screwed the shareholders and everyone else, they screwed the taxpayers directly bypassing the big holders.

Edit: The Greeks had the negotiating power then. Not now.

#Greferendum worst game of chess ever.

Sebastian wrote:

We should totally do this, LOL!

Dear Mr Tsipras,
We have a solution to the Greek Debt problem: We'll just crowdsource the funds for you.
Problem solved.


Greek Bailout Fund


If Greece defaults on its sovereign debt, taxpayers from other eurozone countries would take the hit.

Hahaha. Suckers. I'm so glad that the US taxpayers are way too smart to pay for someone else's dumb finance moves.

I feel like calling Tsipras.

With Athens set to default on a 1.6 billion-euro loan installment to the International Monetary Fund on Tuesday, Tsipras said he stood ready to talk to European leaders. If they were to offer a deal on Monday night, he said, Greece would pay its debt on Tuesday.

"My phone is on all day long. Whoever calls, I always pick up."

Greek PM says he won't be the one to pursue austerity - Yahoo Finance

Sebastian wrote:

Seriously, though, the longer the Fed delays the longer the expansion will run.

Cool. Let's delay forever.

Mike_PNW wrote:

Interesting that the Euro actually appreciated today vs the dollar..

I think it's because: Euro is in deflation, and lots of euros going to money-heaven soon. As long as you believe the euro is going to survive, then it should appreciate against the dollar until the Fed contracts the supply or the ECB expands.

It's a conspiracy!!!!!! Tinfoil Hat

josap wrote:

But he said the government will "respect" the decision of the Greek people.

As opposed to the usual response of gov't to the decisions of the people.

Rickkk wrote:

or keeping it within reach at night

Moi. It is my alarm. I can't believe I had to wait until the iPhone to get an alarm with a reasonable sound for wakeup.

There is a Chinese saying: If you choose to eat salted fish, you should be prepared to withstand the subsequent thirst.”

- NY Times

Dumbest thing I have read on the Chinese meltdown so far: It will be stimulative, because now households will spend on material goods and not the stock market.


Rickkk wrote:

End government-issued marriage licenses altogether.

I assume he wants the government out of the age-of-consent business too.


Nemo wrote:

One-off, or the start of something big?

I wish I knew. I've been trying to figure out margin amounts and requirements, and it is opaque to a gringo like me.

The amount is narrowed down to an order of magnitude, somewhere between $23B and $370B

$23B: China stocks crash into bear territory as margin calls bite - Fortune

$370B: China's $370 Billion Margin Call | Zero Hedge

Given that one of those is ZH, the most insightful and truthful site on the internet, I'm inclined to believe closer to a number like $100B. So not a huge fraction of the total market, but still sizeable.

Back when we were feeding only two Squirrel!, we met a guy on our street who said there were "about 35 squirrels" coming to his back balcony to eat. After he left, we promised we'd never have that many.

We are at a mere 10 now.

well, you have to admit: Their presence is kind of perverse.

Anonymous Bosch wrote:

As always, I was kidding, Nemo. I'm just not savvy enough about high finance to understand why the i\entire market went when most have little or nothing to do with Greece.

It is as much about China at the moment as it is Greece.


So let the price discovery begin.

Boy is he headed to the reeducation camps.

ResistanceIsFeudal wrote:

Dear God, so now we're an economics with two bukkits?

Wait, we weren't before?

yeah, that's strange. Looks like everyone just called it a day around 10:30am.

Off the lows!

But you'd have to have some serious Rose Colored Glasses not to see the Dooooooooooooooom!!! today.

And the 2015 gains on the S&P go pooooof!