And A Cod Piece The Size of Mini Me
Quite a day, no?
Following up a great day yesterday, we get today featuring some reaming worthy of an edgy porn flick.
How does everyone feel about $139 barrel oil?
How about a larger than expected jump to 5.5% unemployment?
How about corn (and wheat) jumping on too much rain in the midwest? Hadn’t heard much about grains from me in a while, eh? They’ve been moderating a bit… actually, the price of wheat has even still fallen quite a bit from the bire days of a few months ago. Still, they ain’t cheap.
Insurance giant AIG, already beset by financial woes, now faces probe by SEC regarding how they represented the value of various subprime mortgage contracts.
AMD can’t pull its fist out of its ass long enough to beat Intel on the open market, so they’re taking to the courts. I’m no Intel fan so I wouldn’t mind seeing a win for AMD, but it wouldn’t change the fact that AMD shat on numerous opportunities to really make some inroads against Intel without any outside help.
I spent a few hours this morning running through the mind numbing excercise of trying to forecast the interal profit margin for a particular product at the bank for the next 18 months. Couple highlights: its internal only, meaning its fake, hypothetical profit to begin with, and secondly how the hell am I supposed to say what our interest margin on this is going to be in 18 months? Have you looked out the window recently?
Rangers drafted Smoak and I approve.
Can’t wait to drive to Omaha,
Nathan Hale
