Silverbird's Account Talk

[Steadygain]

OK - so here's something else I'm wondering about.

I'm under the impression that the USA and the UK are doing about every thing possible to work so closely together that our economies will work in union with one another.

Do you see that Silverbird?

Do you think it's mainly the UK and the USA? and I guess I have to wonder where China fits in?

So... I'm anxious to hear your input ... but know it may take awhile because you're pretty deep and probably know a thousand times more than I could even imgaine.

 

[Silverbird]

The UK and the U.S. both have large financial services industries, and they are not in the Eurozone. This, along with a similar law system (Continental law is different), and plain old cultural reasons make us natural allies. By the way, Greece asked Britain to give them a loan, and Britain told them to go away. That being said, we will not always be in lockstep. Best way to check - look at FT.com (financial times) and look at the headlines - especially those referring to things going on in the U.S.

China is more interested in what happens in China, and regionally looks at Asia. This does not mean it is seen as the regional leader, they are often at loggerheads with India, and Japan and Korea have their own agendas. They also like to be in control of the situation. They probably are vexed at what to do about currency fluxuations - they bought a lot of dollars in March when the dollar was falling. Now it's the Euro that's falling, and the EU is a bigger market for China than the US (not by much, but enough for them to get stung), and the dollar is rising, making their goods less competitive price-wise that way too.

 

[Steadygain]

The UK and the U.S. both have large financial services industries, and they are not in the Eurozone. This, along with a similar law system (Continental law is different), and plain old cultural reasons make us natural allies.

You are truly Amaaazing !!

I have to admit -- I am very impressed!!

We're coming together on an even bigger scale ~ at least Britain is working more towards that endeavor.

By the way, Greece asked Britain to give them a loan, and Britain told them to go away. That being said, we will not always be in lockstep. Best way to check - look at FT.com (financial times) and look at the headlines - especially those referring to things going on in the U.S.

Thanks, but if there is something I really want to know -- deep down and it's starting to wear on me -- then I'd just ask you.

China is more interested in what happens in China,

Very well put my dear -- kind of reminds me of a country just below Canada and just above Mexico.

and regionally looks at Asia. This does not mean it is seen as the regional leader, they are often at loggerheads with India, and Japan and Korea have their own agendas.

You really are something else; I mean you'rrree good --- whoa.

They also like to be in control of the situation.

Look at how much they have been in 'control' over the past 30 years or more. They are very much coming to Power.

They probably are vexed at what to do about currency fluxuations - they bought a lot of dollars in March when the dollar was falling. Now it's the Euro that's falling, and the EU is a bigger market for China than the US (not by much, but enough for them to get stung), and the dollar is rising, making their goods less competitive price-wise that way too.

Well Silverbird, I was seriously wishing you'd come up with something like this. This was outstanding !!!

Much appreciated.

Now I'm cool -- nothing weighing me down or lingering in the background. This took care of everything.

 

[Silverbird]

Ouch, ouch ouch, bouncing down the stairs with my shares of S and C. Most is still in G, however.
Waiting for a good time to <1%, I don't think it's yet.

Hold the Line :toung: (see below)

Yes, I am a bit of a buy and holder, but I just can't turn on a dime on investments and work too!

 

[Silverbird]

I hear a voice singing "Buy now, it's bargain time..."
But is it just playing with the sticker price, or are we actually getting close to dealer invoice on the S&P? :toung:

 

[Warrenlm]

exactly. I'm wondering why Dennis is not talking additional wallflowers and instead talking a margin call two days from now.

 

[Silverbird]

Blame it on Greece, blame it on Spain? I think the pundits are looking at the wrong continent.

I blame it on BP! They sure make it hard to be optimistic about the U.S. economy with their big mess of unknown size and scope. I expect another down day with their "sorry that didn't work either" weekend. I also really like oysters.

 

[Silverbird]

New contributions (NOT IFT)
50% S
50% C

Not large enough to change allocations.

 

[Birchtree]

I like that longer term thinking - prices are golden.

 

[Silverbird]

I'm on the 14 year plan:notrust:, so I can surf the waves to some extent.

 

[Steadygain]

I blame it on BP! They sure make it hard to be optimistic about the U.S. economy with their big mess of unknown size and scope. I expect another down day with their "sorry that didn't work either" weekend. I also really like oysters.

By focusing too much on the 'chemical' we overlook the 'physics' part. Yet without that - the solution looks too easy.

Anyway, BP had absolutely nothing to do with the 'Pressure' within the Oil Reserve. Based on the REAL amount of oil flowing out of that pipe -- that is the sustained Rate of Flow since the huge reserve was punctured -- we can calulate the pressure forcing the oil out.

I would say that pressure is comparable to the pressure by which lava causes a volano to errupt -- as the same general principal is responsible. The only thing that prevented it from being much worse is the pipe wasn't any bigger. Yet the pressure flowing out of that pipe is far beyond what most have remotely considered. To counter that pressure and stop the leak will be much harder to acccomplish than most could imagine. It is much more likely this huge amount of pressure actually caused the explosion and we simply were not prepared to deal with it.

In retrospect we can 'blame' BP strictly for 'popping' this immense oil reserve -- but we would be hard pressed blaming them for their failed attempts to stop it as it is likely on a magnitude we are largely helpless to deal with.

Anyway, I agree with you Silverbird -- It's getting increasingly frustrating -- but I believe most of that frustration stems from their enormous attempts to downplay what's happening.

The size and scope won't be known for years to come. Our economy will continue 'as usual' but life tied to the Gulf will be largely ruined.

Well on to brighter things -- I'm so glad you like oysters and they have a wonderful way of making us 'guys' more able to enjoy the world. Fear not little bird -- it's a big planet and I'll find a fresh supply -- in fact I'll get a huge platter for the both of us.

 

[Silverbird]

BP (and its contractors) ignored signs that their safety valves and other important hardware was not working properly. So yes, I admit they are trying to fix the problem, and I should have put it more clearly - BP (and/or its contractors) ignored signs that its fail-safes were failing, and someone approved contining the process. To continue was utter foolishness and irresponsibility. And now we have a big mess of unknown magnitude that will continue to grow over an unknown amount of time until it is fixed. And who wants to buy stock (future business) in that atmosphere?

I study electronics manufacturing and if you ignore the fail-safes in semiconductor manufacturing it can and will kill people. So I get rather riled when someone ignores it when the sensors tell you things are going South.

 

[poolman]

BP (and its contractors) ignored signs that their safety valves and other important hardware was not working properly. So yes, I admit they are trying to fix the problem, and I should have put it more clearly - BP (and/or its contractors) ignored signs that its fail-safes were failing, and someone approved contining the process. To continue was utter foolishness and irresponsibility. And now we have a big mess of unknown magnitude that will continue to grow over an unknown amount of time until it is fixed. And who wants to buy stock (future business) in that atmosphere?

I study electronics manufacturing and if you ignore the fail-safes in semiconductor manufacturing it can and will kill people. So I get rather riled when someone ignores it when the sensors tell you things are going South.

BP's stock has been getting Hammer'd every day for weeks. And it will continue.

 

[Steadygain]

BP (and its contractors) ignored signs that their safety valves and other important hardware was not working properly. So yes, I admit they are trying to fix the problem, and I should have put it more clearly - BP (and/or its contractors) ignored signs that its fail-safes were failing, and someone approved contining the process. To continue was utter foolishness and irresponsibility. And now we have a big mess of unknown magnitude that will continue to grow over an unknown amount of time until it is fixed. And who wants to buy stock (future business) in that atmosphere?

I study electronics manufacturing and if you ignore the fail-safes in semiconductor manufacturing it can and will kill people. So I get rather riled when someone ignores it when the sensors tell you things are going South.

Not at all Silverbird -- gosh now you're making me feel terrible.

Listen you do an excellent job of expressing yourself and I simply was rambling and saying some garbage stuff. So PLEASE don't ever feel the slightest need to defend yourself with anything I say. :embarrest: Mainly because sometimes (Very Rarely) -- I'm probably just yanking your chain. :nuts:

It was only over the weekend I actually started dwelling on the physics itself and when I began to get a clue of the pressure involved I was 'blown away'. It makes the situation way worse.

I totally agree with you Silverbird. From the top people involved with investigating everything that happened it is very clear that BP totally screwed up -- that they knew the most important aspects of the 'shut off devise' were getting damaged beyond repair; that they were pushing them to drill against the 'safety standards' even outside of destroying the safety device.

Oooh Silverbird I don't think we have the slightest clue how extensive the damage from this will be. Of course the Gulf Coast will likely show the worse signs of damage but this could do a lot of damage to FL and the East Coast of the US as well. From my understanding what has filled the Gulf the first month was hugely Gas and lighter Oil that were towards the top of the reservoir. The next 40 days will likely be far worse as more concentrated oil pours out.

It was most certainly 'utter foolishness' and MAYBE -- just Maybe -- it can be the means by which the population can demand to know a lot more about what is happening to the environment and stand against these people - who have all power and control. Cheny changed numerous laws for these Companies so that many previous Acts and Laws meant to keep us 'Safe and Healthy' could be ignored.

Anyway -- I agree with you wholeheartedly -- BP could never do enough at this point to make up for the damage. Drilling off shore should be stopped until every single place is checked and rechecked and proven to be safe.

 

[XL-entLady]

BP (and its contractors) ignored signs that their safety valves and other important hardware was not working properly. So yes, I admit they are trying to fix the problem, and I should have put it more clearly - BP (and/or its contractors) ignored signs that its fail-safes were failing, and someone approved contining the process. To continue was utter foolishness and irresponsibility. And now we have a big mess of unknown magnitude that will continue to grow over an unknown amount of time until it is fixed. And who wants to buy stock (future business) in that atmosphere?

I study electronics manufacturing and if you ignore the fail-safes in semiconductor manufacturing it can and will kill people. So I get rather riled when someone ignores it when the sensors tell you things are going South.

Hallelujah and amen!

 

[Silverbird]

New contributions 100% F (no change to interfund because it is less than 1% change)

 

[Steadygain]

Hey sugar sweets,
I thought it was pretty cool the way you expressed it: something like

She lived Beauty and Walked Beauty ----

--which of couse made me think of how she described YOU to me - way back. So figured I should share this.

What she saw was way beyond what I described in the story I wrote for Carrie - but I know for sure you are a 'Turquoise' per the Source.

Usually when she saw something like you it was 'Swirling clouds of beautiful colors ... and with you she would have seen bright turquoise among those clouds with specks of other bright spots like purple, gold, and green scattered in the background.

So sending a reminder of how she would have said you 'lived beauty'


...Bright clouds of turquoise began to swirl in the circle and rose to the form and shape of a woman with the head and neck of a bird. The beauty of this turquoise gem was spellbinding and breathtaking. She projected a warmth that caused the entire area to have a serene quality. She stepped out of the circle and immediately Steady fell on one knee and bowed to worship her. CB and Buster immediately followed his lead and Birch was so moved by her beauty and the quality of the character she projected that he also fell on one knee in reverent respect. I was to caught up in rapture to move and so I just stood there and watched in amazement as she approached us and said, "I am Silverbird, welcome to my world".

Have a good weekend all -- I head out tomorrow to a wedding with ballroom dancing and -- it should be good

 

[Silverbird]

While thinking of XL-ent Lady, remembered that line, an echo from the past. I found the source
George Gordon Byron, Lord Byron. 1788–1824


She walks in Beauty


SHE walks in beauty, like the night
Of cloudless climes and starry skies;
And all that 's best of dark and bright
Meet in her aspect and her eyes:
Thus mellow'd to that tender light
Which heaven to gaudy day denies.
One shade the more, one ray the less,
Had half impair'd the nameless grace
Which waves in every raven tress,
Or softly lightens o'er her face;
Where thoughts serenely sweet express
How pure, how dear their dwelling-place.

And on that cheek, and o'er that brow,
So soft, so calm, yet eloquent,
The smiles that win, the tints that glow,
But tell of days in goodness spent,
A mind at peace with all below,
A heart whose love is innocent

 

[Steadygain]

WOW!! That is so Beautiful

I mean that is amazing - I just sit here so numb and melted and was like caught in some 'incredible moment' -- and just stayed there .....


Hey Silverbird -- Thank You !!

and I truly - honestly - from the bottom of my heart mean this in the most purest and innocent way ...


but feel my arms around you - enjoy a good hug - and a peck on the cheek


That was truly 'awesome'

 

[Silverbird]

If you read beyond the "uncertainty" in Berneke's testimony, you realize the Fed is admiitting it is running out of stuff to throw at the hole in the economy.

Darn it, should have DCA'd today, it is the perfect market pout. Of course Berneke talks AFTER lunch. The dive is far too reactionary for me to believe it's long term. May buy tommorow, since Friday's the sell day...not sure yet.