Thursday, May 28, 2009

Animal House

Economists embrace mathematical models because they offer the illusion of authority. And indeed they are right to stick with the rigor of numbers. Facing facts and manipulating them into an algorithm that predicts the future is the truest avenue open to men and women. We only have our history to draw from. Past encounters and experience inform our decisions, wrong as they may turn out to be.

Kev’s “dog “ theory has taken a beating this week at the old ball game, but Miss Market has been a fierce lioness. She is a hungry mommy, intent on feeding her kittens (or is it cubs?), her mate and herself, enabling Kev to feed his brood and keep Mr. Landlord happy. In short, she is an animal.

In a speech today, the Dallas Fed president, Richard Fisher, patted himself and his colleagues on the back with the remark that monetary policy had succeeded in reigniting “animal spirits” in the strivers and sportsmen who toil in the fields, golf courses and streams of these United States of America. This is what is called going out on a limb. There are many who see only darkness and cave-dwelling ahead.

We may have shot errant arrows at ball clubs that escaped our hunt, but we spy an antelope, or ibex, or some kind of antlered beast brought down by our loving mate for protein-loving investors. Let us feast.

PALM’s Pre phone will be much coveted. After Sprint’s exclusive arrangement expires, Verizon and ATT will pounce to offer this rival to Apple and Research in Motion. PALM is volatile, but wait until Christmas sales take off. Ford is a stalwart. Buy oil (green is good, but dinosaurs died for a reason). We can’t predict the future, but try we must.

Anything can happen. When was the last time both catchers (masks in place) and both managers were thrown out? It happened today in youbetcha Minnesota in a game between the bloody hose and the twinkies.

And by the way, Zambrano was right to protest in his demonstrative way. I’ve done the same thing when blowing a three-foot putt or a second serve. We are animals with spirit after all.

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