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- Worldwide economies weak (eg Europe, Russia, Japan)
- Fiscal stimulus money in US losing steam
- No room for more fiscal stimulus
- Near 0 percent for Fed fund rate. Rates plan on rising next year
- Anticipation of end of QE3 in Oct
- No room for more monetary stimulus
- Indexes have hit all time highs during summer
- Nasdaq stocks way overvalued (Apple has a market cap over half a trillion)
- Falling oil prices
- Global risks - ISIS, Ebola, Ukraine
- Historic lows on bond, note rates. Rising rates would adversely affect bond holders.
- Rising rates would increase debt obligations of debt-ridden countries (including the US)
- No major corrections in market since 2008 recession
- Secular bull market for past 5 years. It's due for a secular bear market.



Posted: 2014-10-14 06:15:57

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Amazing Grace on Harmonica



Posted: 2014-08-11 11:18:02

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It started to snow today around noon. At 12:30, they let us go from the office. I hit the road at 12:45. And it seemed like so did everyone else in Atlanta. It was gridlock everywhere. It took me over 3 hours to get home. But, I guess I was one of the lucky ones. Some took more than 9 hours to get home. Some didn't even try. Apparently, all the hotels are full also. On the way home, I picked up my kids from school. Even though they dismissed the kids at 1:45, there were still many there when I picked them up at 4. The buses were all running late and it was 7 by the time the last kids left the high school.

Links:
Deal declares ‘State of Emergency’ for Georgia
Ice and snow bring chaotic commutes to much of South
Atlanta Got 1 Inch Of Snow And Everyone's Freaking Out
Rare snow, ice shock the Deep South
Leon Causes Traffic Nightmare in Atlanta
Atlanta weather | Minute-by-minute updates on winter storm
Snowed out: State of emergency declared in Georgia
Winter storm causes wrecks, gridlock in the South

Posted: 2014-01-28 23:11:22

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Posted: 2013-11-18 00:34:22

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Using Skype for the Mac, the video was blank and could not do a video chat. Turned out that iChat was locking the camera. To unlock it, open iChat, go to Preferences, in the Audio/Video tab, unselect "Open iChat when external camera is turned on". Close iChat and restart Skype. Now, in Skype preferences, under Audio/Video, video should be working.

More info:
Isight not working

Posted: 2013-07-07 22:29:43

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Added a significant feature to Hymn Lyrics Plus. It now has the ability to add custom songs directly to the app. Instructions is here.

Posted: 2012-11-17 08:56:11

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I don't pray so that others might change,
I pray so that that I would change.

I don't pray so that I can tell God what to do,
I pray so that God can tell me what to do.

I don't pray so that there would be no problems,
I pray so that character can be developed in the midst of problems.

I don't pray so that what would be done is my will,
I pray so that my will would conform to God's will.

Posted: 2012-08-11 11:15:03

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Released Hymn Lyrics Plus. Same functionality as Hymn Lyrics with these additional features:

- 50 songs with chords
- 8 screen styles
- Hymn of the day notification

Posted: 2012-08-07 15:32:38

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"This dwarfs by orders of magnitude any financial scam in the history of markets." - Andrew Lo
"LIBOR is huge. This is about as big as it gets in the financial world." - Eliot Spitzer

Libor - "London Inter Bank Offered Rate. The rate at which banks in London lend money to each other for the short-term in a particular currency."


At least $350 trillion in derivatives and other financial products are tied to the Libor.

In 2012, around 45 percent of prime adjustable rate mortgages and more than 80 percent of subprime mortgages were indexed to the Libor.

American municipalities borrowed around 75 percent of their money through financial products that were linked to the Libor.

On 27 June 2012, Barclays Bank was fined $200m by the Commodity Futures Trading Commission.


Banks involved in USD Libor determination:
- Bank of America
- Bank of Tokyo-Mitsubishi UFJ Ltd
- Barclays Bank plc
- BNP Paribas
- Citibank NA
- Credit Agricole CIB
- Credit Suisse
- Deutsche Bank AG
- HSBC
- JP Morgan Chase
- Lloyds Banking Group
- Rabobank
- Royal Bank of Canada
- Société Générale
- Sumitomo Mitsui Banking Corporation
- The Norinchukin Bank
- The Royal Bank of Scotland Group
- UBS AG

So far, only Barclays has admitted to manipulating the Libor.


Links:
Libor scandel
Libor
Daily Libor rate

Articles:
What Is Libor – London Interbank Offered Rate History & Scandal
Explaining the Libor interest rate mess
The rotten heart of finance
The Libor scandal and you
Timeline: Barclays' widening Libor-fixing scandal
Libor scandal explained and what rate-rigging means to you
Libor rate-rigging scandal intensifies pressure on Wall St.
Ben Bernanke and Mervyn King describe Libor fixing as 'fraud'
A crisis worse than 2008?
U.S. criminal probe in Libor scandal: report

Graphics:
Libor Scandal Explained
Behind the Libor Scandal

Videos:
It's over for the banking cabal

Posted: 2012-07-26 15:27:03

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Released Ver 1.5 of Hymn Lyrics for Android.

Added:
- Share hymn lyrics
- View hymns on Youtube
- Submit new hymn lyrics
- 34 more songs (Total of 221 songs)

Posted: 2012-05-01 15:05:24

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