MORE MUST SEE TV
Yesterday, we had the Simpsons. Today . . .
Alan Light: ‘Here’s an absolutely adorable video from some TV show in Japan of a friendship between a kitten and a rooster.’
☞ Someone has too much time on his paws.
HAVE A WONDERFUL, WONDERFUL DAY
Here’s another little video – my friend Marc offering up a bit of personal philosophy. It’s a little sappy, but are you going to tell me kitten videos aren’t sappy?
YESTERDAY WASN’T A BAD DAY, EITHER
NTMD closed at $7.99, down from over $22 when we got interested eight months ago. Don’t sell your puts. And FMD closed at $46.25, up from $38.10 where we got interested six days ago. Hold it for the long term. Of course, it’s just when things are going nicely that you get a painful paper cut or, in my case, this afternoon, a root canal. But either sure beats appendicitis.
APPENDICITIS – II
D.Stewart: ‘Bill writes: ‘What is a person without insurance to do [about a $55,000 appendicitis bill]? . . . We exploit, though perhaps not intentionally, those least able to pay with the most outrageous bills! How stupid and callous is that?’……..I’ve got just the answer for such a problem. Universal coverage. Now, how stupid and callous is it that we don’t currently have a system where every citizen is guaranteed a basic level of care?’
☞ Pretty stupid and callous! But our Republican friends won’t even permit Medicare to negotiate drug prices – or the bankruptcy bill to go lighter on people devastated by medical bills – so don’t hold your breath.
Then again, look on the bright side – America now boasts 371 billionaires, according to Forbes. It is a grand time to be rich and powerful in America, and that surely counts for something.
READ THIS ARTICLE TODAY
And then click this interview tomorrow, when apparently it becomes available on the free portion of Kate Welling’s website. The case is made for caution and concern – that unemployment is really 12%; that inflation is really running at 8%; that the economy is contracting; and that the real deficit is even higher than I’ve thought it is.
Once you read [the Williams interview], think about it and understand it [writes Bill Fleckenstein], you will see why so many thoughtful people – like Jim Grant, Warren Buffett, Marc Faber, Bill Gross, Fred Hickey and Paul Volcker – have grave concerns about the future of the dollar . . .
But start, as I say, with this. (And then go back and watch the kitten again – hey, it’s only money.)
Quote of the Day
Selling a soybean contract short is worth two years at the Harvard Business School.~Robert Stovall
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