Apr. 24th, 2008

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Today at work my boss asked me for a bullet list of what I'd done in the last year. It's year end review time. I supply the bullet list, he inserts it verbatim into the appraisal form, then hands it to me. It's a required but meaningless ritual. When I was through I was surprised how much was on the list. It's been an absolutely crazy year at work. I saved the last thing to put on next year's list, just in case it calms down and I don't have many bullets.

Today on the way into work I was listening to Danielle Dax. On the way home it was Mozart. All things have their time.
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I was half listening to a piece on the radio today about some commodity trading at record highs. I didn't differentiate, because there are so many commodities that are trading at very high levels.

I thought of conservation of mass.

Massive influx into 401(k) retirement plans from baby boomers trying to save for retirement creates Internet bubble. Internet boom goes bust when people finally figure out that the investments were grossly overvalued. Money moves out of stocks into mortgage backed securities. Housing goes crazy and prices rise well beyond the value of the assets. Deja vu? Housing goes bust and there is a credit crunch. But that retirement investment has to go somewhere because now that housing is in the tank no one can sell their house and retire. Commodities go up in crazy ways. You can't convince me that the demand for all these commodities has gone up 30% or more in a matter of months. Nor has the supply gone down 30% or more in the last few months.

Speculation. Conservation of mass.

In the meantime there are food riots and lots of other fun for the people on the ground floor and huddled in the basement. Wouldn't want to invest all that money in something worthwhile like clean energy, cure for aids, or landmine clearing. Not when we can sell oil at $115/barrel, aids cocktails on a daily regime, and new carbon fiber prosthetics.

"Thought you were chasing a destiny calling,
you only earned what we paid you." -- The Who "The Punk Meets the Godfather"

"You have got to have shitloads of em oh en ee why money." - Liz Phair "Shitloads of Money"

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