This time is different

"We're living under double-digit inflation, huge balance-of-trade deficits, and a serious energy problem. The current action of both the bond market and equity market bear me out."

Excerpted from a Business Week article originally published on August 13, 1979. The more things change, the more they stay the same.

Follow-up post

C9's post was a good one. Baseball season is right around the corner and in just a few more weeks we will be able to talk about what happens on the field rather than what's happening in the front office. The off-season was full of activity and it will be intersting to see how that translates in the W-L columns. Personally, I've never been more excited for baseball to start; the game to me has definitely taken a back seat over the past few years but as a Red Sox fan, I'm obviously anxious for the season to start. The Sox have added millions to this years payroll with Carl Crawford, Adrian Gonzalez and Jarrod Saltalamacchia (jokes). This could (and should) be a great year for the Sox, and I think the recent acquisitions are going to reinvogorate the rivalry with the Yanks. We don't have long to wait for Opening Day and the first series with the Yanks is just a week after that. Should be a great year.

I leave you with a moment of zen (for me anyway):

The most important kind of data

TUI - So Euro

Oil oil everywhere. The Financial Services Authority - England's SEC - busted an oil future trader Stephen Noel Perkins for TUI. Trading under the influence. You can read the story here, but the upshot is that Perkins built up a net long position in ICE Brent crude-oil future while wasted between 1:22 am and 3:41 am in London last summer. Sounds like fun.

What's funny is that I was hanging in London last summer and was definitely not trading oil futures during the witching hours. But I was watching Snipes trade linguistics and Facebook futures at Bijou. And it actually was fun.