>And that's what makes SF windy in the summer. And why I can hang out in my hang glider for hours above Fort Funston swooping and diving and generally tearing up my three dimensional playground. JB
Ya know... if I owned two sillicon valley software firms, a trading firm, was worth at least millions, and was living large in a rich So Cal beach community, I would certainly spend my time posting instructional messages to ET on how much money I made after the fact in pennies PS. I wouldnt hire you for my company. You definitely would not qualify, so don't even ask OK?? ...LMAO peace axeman
You ever do any hang gliding in Utah? Another great playground area BTW (almost every sport there is epic, except ocean stuff of course). I remember seeing about ten guys in the air at a time off the point between SLC and Provo. Something about thermals. OK, off topic. Sorry.
That is a popular flying site called "Point of the Mountain" and yes I have flown there and it is beautiful. The epic Utah flying however primarily occurs in the NE corner of the state where you can fly for hundreds of miles into Colorado and Wyoming. I have been to over 20k in my wing in that area. JB
http://scienceview.berkeley.edu/view/02-13-2001sunset.html I do miss the Bay Area in some ways. peace axeman
Greenspan has created quite a monster (real estate included) it seems.... Quote from Richard Hahn's daily today... Commodity prices are red hot. It remains a political imperative for Greenspan and Bush to temporarily strengthen the dollar to dampen enthusiasm for energy and food commodities, which are reaching painful levels for consumers. One has to assume there will be no interest rate increases until significant job creation appears, which may be many months. The lack of job creation in the presence of massive fiscal and monetary stimulus must be considered an ominous warning flag. Bond rates are at lows not seen since 1958. This is happening at a time when energy and food commodity prices are pushing to near 20 year highs. This dichotomy is bizarre and can only exist in the artificial environment of a Federal Reserve manipulated intervention. Without a doubt, there must be tremendous stresses developing in the marketplace. At some point, the all powerful Greenspan may lose control of the situation. Today's hero may become tomorrow's goat. From a White House perspective, a scapegoat may be needed prior to the election season. Greenspan's flood of liquidity has lifted all asset classes. Now the stock market is faltering from recent bubble level valuations, while commodities continue to surge. Now the virtual tax on consumers may work against economic growth. The issue of stagflation is real. It's the worst of all worlds and the negative impact should not be underestimated. The Federal Reserve does not have a set of policy tools capable of arresting stagflation. Greenspan and Bernanke are loath to raise interest rates anytime soon, due to awareness of Japan's 1990's mistake of raising interest rates prior to economic recovery following the post-bubble bear market. This is the most dangerous time of manipulation by the Federal Reserve. The market manipulators need to try to levitate all asset markets while demonstrating diligence on the inflation front. It's a mission impossible! That's why a small group of men cannot successfully alter the natural course of the markets in the long run. The delay of the release of two months of PPI data suggests the government is in a politically unacceptable box. And from Martin Weiss today... WEISS COMMENTS Fed Stimulus Fading -- March 16, 2004 The Fed stood pat on interest rates today. Clearly, the Fed is caught betwixt and between on interest rates. On the one hand, the Fed is aware that the stimulus effects of previous rate cuts are fading and yet real recovery hasn't gotten underway. On the other hand, it sees growing federal and trade deficits that may force them to raise interest rates swiftly and without warning. So, for now, the Fed is caught like a deer in oncoming headlights: Unable to move, but dangerously close to disaster. You see, the Fed was depending on its interest rate cuts to stimulate the economy into recovery. And, in concert with tax cuts and other infusions, it looked as if that was happening. But now, nine months after the last rate cut, the refi cash and tax refunds have been spent. Jobs are still not growing at a significant pace. Wages aren't appreciating considerably. And gas and oil prices are rising, cutting into consumers' pocketbooks. There's not much left for the Fed to do. It has cut rates to about as low as we believe it's willing to go ... as low as it can go. After all, investors -- especially foreign investors -- are going to start demanding higher interest rates in exchange for investing in the U.S., particularly if the stock market slides even more.