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Yes, and also my theory has an implied assumption that may not hold up: wages will keep pace with inflation.

I’m not sure that future typical raises will keep pace with inflation

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Yes, and also my theory has an implied assumption that may not hold up: wages will keep pace with inflation.

I’m not sure that future typical raises will keep pace with inflation

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Yes, and also my theory has an implied assumption that may not hold up: wages will keep pace with inflation.

I’m not sure that future typical raises will keep pace with inflation

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Olive Garden?

I grew up working-class poor, and as a youth I thought I was mixing with the rich and cultured when our parents “treated us” once every couple years to the Olive Garden or Red Lobster. Yes, I do thank my parents for those dinners; they were doing the best with what they had, and with great intentions.

However, eventually I got a college education, a techie job, a six-figure salary, and eventually a discriminating palate.

There was a point in my life when finally, thank God, I understood it is quite INSANE to order a $10 mediocre entree of chain-restaurant slop from the Olive Garden or Red Lobster, or wherever, when for merely another $5 or $10 you can have an exquisite, memorable entree at a restaurant like George’s Ocean Terrace, and enjoy food, view, and service, which is unquestionably better by an order-of-magnitude.

And if my income were to be cut suddenly by two thirds, my wife and i would still go to restaurants like George’s, only we would go less frequently of course.

http://www.georgesatthecove.com/ocean-terrace/

My wife and I have noticed that people seem to fall into two categories: those who can discern what is great food, and those who simply cannot tell the difference!

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Olive Garden?

I grew up working-class poor, and as a youth I thought I was mixing with the rich and cultured when our parents “treated us” once every couple years to the Olive Garden or Red Lobster. Yes, I do thank my parents for those dinners; they were doing the best with what they had, and with great intentions.

However, eventually I got a college education, a techie job, a six-figure salary, and eventually a discriminating palate.

There was a point in my life when finally, thank God, I understood it is quite INSANE to order a $10 mediocre entree of chain-restaurant slop from the Olive Garden or Red Lobster, or wherever, when for merely another $5 or $10 you can have an exquisite, memorable entree at a restaurant like George’s Ocean Terrace, and enjoy food, view, and service, which is unquestionably better by an order-of-magnitude.

And if my income were to be cut suddenly by two thirds, my wife and i would still go to restaurants like George’s, only we would go less frequently of course.

http://www.georgesatthecove.com/ocean-terrace/

My wife and I have noticed that people seem to fall into two categories: those who can discern what is great food, and those who simply cannot tell the difference!

[stockstradr]

Olive Garden?

I grew up working-class poor, and as a youth I thought I was mixing with the rich and cultured when our parents “treated us” once every couple years to the Olive Garden or Red Lobster. Yes, I do thank my parents for those dinners; they were doing the best with what they had, and with great intentions.

However, eventually I got a college education, a techie job, a six-figure salary, and eventually a discriminating palate.

There was a point in my life when finally, thank God, I understood it is quite INSANE to order a $10 mediocre entree of chain-restaurant slop from the Olive Garden or Red Lobster, or wherever, when for merely another $5 or $10 you can have an exquisite, memorable entree at a restaurant like George’s Ocean Terrace, and enjoy food, view, and service, which is unquestionably better by an order-of-magnitude.

And if my income were to be cut suddenly by two thirds, my wife and i would still go to restaurants like George’s, only we would go less frequently of course.

http://www.georgesatthecove.com/ocean-terrace/

My wife and I have noticed that people seem to fall into two categories: those who can discern what is great food, and those who simply cannot tell the difference!

[stockstradr]

Olive Garden?

I grew up working-class poor, and as a youth I thought I was mixing with the rich and cultured when our parents “treated us” once every couple years to the Olive Garden or Red Lobster. Yes, I do thank my parents for those dinners; they were doing the best with what they had, and with great intentions.

However, eventually I got a college education, a techie job, a six-figure salary, and eventually a discriminating palate.

There was a point in my life when finally, thank God, I understood it is quite INSANE to order a $10 mediocre entree of chain-restaurant slop from the Olive Garden or Red Lobster, or wherever, when for merely another $5 or $10 you can have an exquisite, memorable entree at a restaurant like George’s Ocean Terrace, and enjoy food, view, and service, which is unquestionably better by an order-of-magnitude.

And if my income were to be cut suddenly by two thirds, my wife and i would still go to restaurants like George’s, only we would go less frequently of course.

http://www.georgesatthecove.com/ocean-terrace/

My wife and I have noticed that people seem to fall into two categories: those who can discern what is great food, and those who simply cannot tell the difference!

[stockstradr]

Olive Garden?

I grew up working-class poor, and as a youth I thought I was mixing with the rich and cultured when our parents “treated us” once every couple years to the Olive Garden or Red Lobster. Yes, I do thank my parents for those dinners; they were doing the best with what they had, and with great intentions.

However, eventually I got a college education, a techie job, a six-figure salary, and eventually a discriminating palate.

There was a point in my life when finally, thank God, I understood it is quite INSANE to order a $10 mediocre entree of chain-restaurant slop from the Olive Garden or Red Lobster, or wherever, when for merely another $5 or $10 you can have an exquisite, memorable entree at a restaurant like George’s Ocean Terrace, and enjoy food, view, and service, which is unquestionably better by an order-of-magnitude.

And if my income were to be cut suddenly by two thirds, my wife and i would still go to restaurants like George’s, only we would go less frequently of course.

http://www.georgesatthecove.com/ocean-terrace/

My wife and I have noticed that people seem to fall into two categories: those who can discern what is great food, and those who simply cannot tell the difference!

[stockstradr]

>> Can you write off a pool?

You can if you’re Hugh Hefner; in fact, he can even write off his sex pool grotto.

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>> Can you write off a pool?

You can if you’re Hugh Hefner; in fact, he can even write off his sex pool grotto.

[stockstradr]

>> Can you write off a pool?

You can if you’re Hugh Hefner; in fact, he can even write off his sex pool grotto.

[stockstradr]

>> Can you write off a pool?

You can if you’re Hugh Hefner; in fact, he can even write off his sex pool grotto.

[stockstradr]

>> Can you write off a pool?

You can if you’re Hugh Hefner; in fact, he can even write off his sex pool grotto.

[stockstradr]

According to this LA times article, the looming mortgage resets are not going to be as bad as preceived.

Here’s my response.

Bloomberg TV played an interview today of the CEO of Wells Fargo. Yes he said that resets are a non event, because his company is seeing over 30% default rates (subprime mortgages) happening BEFORE those mortgages even reset, and over 5% default rates before reset similarly with ARM’s held by what they thought were strongest prime borrowers. He explained that the resets were less of a factor because many homeowners were in homes they cannot afford on ANY loan payment plan, even neg-amort payment plans.

I think he said the Wells Fargo mortgage portfolio is something like twelve billion.

I’m thinking to myself, “OK, then why did you banking retards approve loans to those homeowners?”

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According to this LA times article, the looming mortgage resets are not going to be as bad as preceived.

Here’s my response.

Bloomberg TV played an interview today of the CEO of Wells Fargo. Yes he said that resets are a non event, because his company is seeing over 30% default rates (subprime mortgages) happening BEFORE those mortgages even reset, and over 5% default rates before reset similarly with ARM’s held by what they thought were strongest prime borrowers. He explained that the resets were less of a factor because many homeowners were in homes they cannot afford on ANY loan payment plan, even neg-amort payment plans.

I think he said the Wells Fargo mortgage portfolio is something like twelve billion.

I’m thinking to myself, “OK, then why did you banking retards approve loans to those homeowners?”

[Author]

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