"The fox knows many things, but the hedgehog knows one big thing."


Glenn Reynolds:

Barack Obama:
"Impossible to transcend."

Albert A. Gore, Jr.:
"An incontinent brute."

Rev. Jeremiah Wright:
"God damn the Gentleman Farmer."

Friends of GF's Sons:
"Is that really your dad?"

Kickball Girl:
"Keeping 'em alive until 7:45."

Hired Hand:
"I think . . . we forgot the pheasant."

I'm an
Alcoholic Yeti
in the
TTLB Ecosystem

Tuesday, April 07, 2009

Buy Gold

What happens if you send a trillion dollars or so chasing after reasonably-priced assets?

The analysis of this paper suggests that recent credit market prices are actually highly consistent with fundamentals. A structural framework confirms that bonds and credit derivatives should have experienced a significant repricing in 2008 as the economic outlook darkened and volatility increased. The analysis also confirms that severe mispricing existed in the structured credit tranches prior to the crisis and that a large part of the dramatic rise in spreads has been the elimination of this mispricing.

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Sunday, April 05, 2009

Big Tent Anglicanism


Saturday, April 04, 2009

Hey, That's No Way to Say Goodbye


Caturday Morning


Friday, April 03, 2009

Been There. Done That.



We're Tempted

We're VERY tempted. And it's NOT a joke.

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The President We Deserve

Mark Steyn: "So let me see if I understand American protocol in the age of Obama: The First Lady hugs Queen Elizabeth as if she's some granny at a seniors' center photo-op, but the President of this republic prostrates himself before King Abdullah as if he's a subject of the Saudi pseudo-Crown."


Thursday, April 02, 2009

Don't Worry, Be Happy


Wednesday, April 01, 2009


A Facebook Haggadah.