Every Day, the Same, Again
Trapped miners survived six days by eating coal and drinking urine.
As predicted, global warming fuels more tropical rainfall.
The day the Pacific was whipped up into an ocean of froth.
Everyone was saying the same thing: Home pricing cannot continue appreciating at the same rate, and the second this thing turns, we are FUCKED. Is it really any surprise to anyone that the mortgage business got too far ahead of itself? To me, the only surprise has been it took so long for all of this to happen.
During the past quarter century the American economy has been in recession for only 5% of the time, compared with 22% of the previous 25 years. Partly this is due to welcome structural changes that have made the economy more stable. But what if it is due to repeated injections of adrenaline every time the economy slows?
To the guy at L.A. fitness yesterday who trounced from the shower all the way back to the locker without drying off. WTF were you thinking? The huge puddle of water you left on the floor made the space unusable for others.
Why physical exercise have antidepressant effects.
A coffee habit, coupled with regular exercise, may help prevent skin cancers better than either factor alone.
Espresso drinks illustrated.
Crack made its debut in the Washington area in the 1980s. And it has remained.
Probably a calm cemetery.
This is how English Wikipedia would look like if it was printed out.
I’m sure some of you have heard of the Radiohead Kid A album, and how if you play two copies 17 seconds apart they sync up and compliment each other. Thom Yorke (lead singer of Radiohead) announced that it was intentional.
August 29th, 2007 at 10:48 am
“Partly this is due to welcome structural changes that have made the economy more stable. But what if it is due to repeated injections of adrenaline every time the economy slows?”
I think these are the same thing. The main structural change is the establishment of a strong central bank which, in addition to managing the credit cycle through interest rates, functions as a liquidity provider of last resort. What they do amounts to injecting adrenaline every time the economy slows. Also, I’m not too keen on those stats. The great depression is the big lump in the ‘pre’ dataset. That’s an outlier. What we’ve avoided isn’t more GDs, it’s the rougly-one-every-ten-years-on-the-sevens wall street panics that we had throughout nineteenth and early twentieth centuries that resulted in credit collapse, inventory overhang, layoffs, and finally, bread riots. We still have asset price bubbles, and we still have credit cycles, but we have a little bit more damping in the system to keep the oscillations from being so wild.