Posts Tagged ‘love’

Gillian Tett, Insight: Time to expose those CDOs

Friday, February 27th, 2009

http://www.ft.com/cms/s/0/2970532c-0421-11de-8, triple A assests45b-000077b07658.html?nclick_check=1

Folks, I have mentioned on air long ago that I’m “in love” with Gillian Tett.  This woman’s mind is captivating.  She is by far the best writer the Financial Times has.  Certainly, she is more conservative and Gillian Tett’s insight is impeccable!

Moreover, Miss Tett is right.  She is absolutely correct:  THE HUGE HOLES THAT HAVE BEEN BLASTED IN THE BALANCE SHEETS OF THE BANKS HAVE NOT BEEN BASED ON ANY REAL MARKET NUMBERS.

And what we have to do in order to have any semblance of confidence  in investing in the markets is to establish the real capital hit to the banks and insurance groups.  Until that time, how can one invest in the market, any market, with confidence?

That answer:  You can’t!

We need a public sale, even an auction to establish what if anyvalue remains. 

Until that time, it is mere fiat money

THE BUZZARD ~ THE BAT ~ AND THE BUMBLEBEE

Wednesday, February 11th, 2009

 

THE BUZZARD                 

 

If you put a buzzard in a pen that is 6′ x 8′ and is entirely open at the top, the bird, in spite of its ability to fly, will be an absolute prisoner. The reason is that a buzzard always begins a flight from the ground with a run of 10-12′. Without space to run, as is its habit, it will not even attempt to fly, but will remain a prisoner for life in a small jail with no top.

THE BAT                                    

The ordinary bat that flies around at night, a remarkably nimble creature in the air, cannot take off from a level place. If it is placed on the floor or flat ground, all it can do is shuffle about helplessly and painfully until it reaches some slight elevation from which it can throw itself into the air. Then, at once, it takes off like a flash.                          
THE BUMBLEBEE

A bumblebee, if dropped into an open tumbler, will be there until it dies, unless it is taken out. It never sees the means of escape at the top, but persists in trying to find some way out through the sides near the bottom. It will seek a way where none exists, until it completely destroys itself.

PEOPLE

 

In many ways, we are like the buzzard, the bat and the bumblebee. We struggle about with all our problems and frustrations, never realizing that all we have to do is look up. Sorrow looks back, worry looks around, but faith looks up. Live simply, love generously, care deeply and speak kindly. May your troubles be less, your blessings more, and may nothing but happiness come through your door. “The will of God will never take you where the Grace of God will not protect you.”

 

Courtesy of Jeanette G.

[Salvation By Grace] Daily Digest for 2/11/2009