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Random Thoughts

By

You boys behave yourselves!

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  • At David Lynch's "The Hub" bar in downtown Ojai we were all psyched for a bit of Tuesday karaoke. Disappointment set in when the bartender Carol explained: "Karaoke? We haven't had karaoke here since the first time when that lady who ran it got real sick."

  • More Signs of Strain:

    "If it gets any higher, I won't be able to drive," said Lois Zumm, a semiretired library worker from Fox Lake, Wis. "I live off my Social Security mostly. And I've got to save something for winter because the heating costs are going to be out of this world."

  • Not to worry - rationalization of the real oil impacts:

    "Energy is a killer, but if you don't use it, you're not seeing a whole lot of inflation," said Joel Naroff, chief economist at Naroff Economic Advisors, a consulting firm in Holland, Pa.

  • Pepe on yesterday's Buzz: "Fil Zucchi took me aside at dinner last night and warned: "If a friend drinks too much tequila, don't try to "help" him by driving him to a nursing home after midnight in a rented RV and de-roofing the motor home at the nursing home's low clearance entrance." I just knowingly nodded, thinking back to the first time I tried to buy tequila at a nursing home."

  • NY Times Editorial on The Debt-Financed Consumption Dynamic (need to be registered for free with NY Times):

    "In the meantime, the interest on the bonds that are financing Americans' insatiable appetite for everything from gasoline to toys is piling up, to be paid by the children and grandchildren of today's consumers."

  • (Margin) Debt Balances Building in Equity Market:

    "Investor Borrowing to Buy Stock Rose 5.9% in July, NYSE Says." - Bloomberg TV, 10:34PM Ojai time

  • There are too many ways to go with this, none of them appropriate, so here.

  • Used to cover these guys a bit when in I/B - largest temp staffing company and a very cyclical biz. Earnings results underscore the deteriorating economic climate in Europe, particularly France. -- Minyan JB

    Adecco drops 2005 margin goal, shares tumble.

    "The French economy is not growing so fast and not creating employment opportunities. We have not seen an acceleration in the third quarter, so we remain cautious with regard to the French market," CEO Caille said.

  • Toddo on today's Buzz:

    Minyan Migration

    Good afternoon from the thrilly hills of MiM2. Hump Day has assumed an entirely new meaning as we ready to host 175 of our closest friends. Many apologies for being MIA but the devil is in the details and we're striving to make this just right.

    The professors start filing in today as the M&M boys (Macke, McGuirk, Miller) roll into Ojai and others will be right on their heels. We're sure to have a slew of "stuff" to share so please continue to bear with us as we balance the conference with the content and the critters with the crew.

    Good luck in the muck and fare ye well...
  • Safe travels to all of those folks heading west - we look forward to welcoming you to Ojai. This is going to be one for the story books...
No positions in stocks mentioned.

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