Rent or Buy

Some interesting tables and figures.

http://realestate.msn.com/article.aspx?cp-documentid=13108387

Economists..........who are they anyway?

http://online.wsj.com/article/SB124223735808916011.html

Can we quit sidestepping? Of course there will be a recovery, thanks for the insight! Key points to take away:
1) Unemployment will continue to rise, even though the economy is gaining steam. This leads me to believe that perhaps having some incompetent people out of the workforce is a good thing. Is 10% really that bad?
2) Fed Funds rate - when will it hit Zero? I say soon........encourage the flow and stability of currency.


Just take note of who is to be rewarded (hint his name is not Obama):

The role of the Fed in stabilizing the market has boosted the outlook for Chairman Ben Bernanke. On average, the economists say there is a 72% chance that Mr. Obama will reappoint the Fed chairman in 2010. "If there's a hero to this piece, it's Ben Bernanke,"

Simmons and Gladwell

If you like the "Tipping Point" or "Blink" or theories in general, we should all read the "Outlier" by Malcolm Gladwell. He takes your mind to places you never have even dusted off.

Attached is a great back and forth between one of the preeminent sports writers (Simmons) and Gladwell on various sports topics.

Enjoy

http://sports.espn.go.com/espn/page2/story?page=simmons/090513/part1

#4...in Purple, and it is not JDB!

Does it get any better than this? Favre in the Thunderdome 8 times in one season. I have to admit, he went from my least favorite player to perhaps my new hero in a matter of moments.

A take from Darren Sharper, as if you didn't already know he was coming.
http://myespn.go.com/blogs/nfcnorth/0-11-37/Sharper-followed-a-similar--if-less-noticed--path.html?post=true

Bernake speaks, we should all listen!

More good market news:

http://online.wsj.com/article/SB124153102795887367.html#mod=testMod

Capital opportunities are presenting themselves everyday, and we need to be on the lookout. Real Estate, housing, central bank stocks, etc. are all at lows and should be capitalized upon. Also, firms should be taking advantage of cheap labor, as great humans are being less and less selective.

Look for the market to continue to rise for the next couple weeks, think 9200. The last time he told us we were not in a recession, we had a 1500 point rally.

Derby, Kentucky Style.

So, I made my maiden voyage to Churchill Downs this past weekend, and if you haven't been, go in 2010. Amazing. It has led me to develop a Top 10 Derby "musts".

1) GO!!!!!! Dont care how you get there, just go.
2) Airplane Bottles into the Derby. Everyone was doing it, except us, but that is what happens the first time!
3) Bardstown Road. Awesome bars, awesome eats. Just make sure you get there immediately after the derby.
4) Stay downtown! Makes travel much easier and cheaper.
5) Mint Juleps. They are steep and deep so be careful, but they are awesome.
6) Go to the Track Friday for the Oaks races, half as many people, same track!
7) 4th Street Live..........Friday only, gets way too crowded, and make sure you eat at an outdoor eatery early, so you can get a table.
8) The Horses. Is there a better looking animal. They are ripped, hung and attract chicks.
9) Dress Appropriately, know your SEC and don't be offended if they call you a Yankee!
10) Avoid the infield. Unless you are into frat parties and DJ's yelling, "Body Shots". Plus you can't see a thing once the races are under way.

From the jump, the trip was awesome. You have no idea how big the place is til you go.